HAIKWANG Business Summary

Hai Kwang Enterprise Corporation (2038.TW) is a prominent Taiwanese steel manufacturer primarily engaged in the production and sale of steel billets and reinforcing steel bars (rebar). The company operates through an integrated business model that includes scrap steel procurement—sourced largely from Japan and Southeast Asia—and the subsequent manufacturing of bamboo rebar used extensively in civil engineering, tunnel construction, and high-rise building structures. Revenue is generated through the direct sale of these industrial materials to the domestic construction and infrastructure sectors, supplemented by secondary streams from rebar cutting, bending services, and real estate leasing. Within the competitive landscape of Taiwan’s steel industry, Hai Kwang maintains a specialized market position as a mid-sized upstream producer, competing directly with larger entities such as China Steel Corporation (2002.TW) and peers like Wei Chih Steel Industrial (2028.TW) and Hsin Kuang Steel (2031.TW). The company is currently led by Chairman Huang Wei-han and General Manager (CEO) Huang Tsan-ming, who oversee a management team characterized by a strategic focus on operational efficiency and supply chain resilience. The leadership team includes Executive Vice President and Spokesperson Yang Jianzhang, alongside newly appointed Financial Officer Wu Yuhui, who also serves as the Corporate Governance Officer as of March 2026. Founded in 1958 and headquartered in the industrial hub of Kaohsiung, the firm’s pedigree is rooted in Taiwan's traditional manufacturing sector, with a board of directors that emphasizes long-term stability and domestic market expertise. While the company has faced recent headwinds from global tariff uncertainties and fluctuating scrap prices, its leadership continues to prioritize the modernization of its production facilities to meet evolving environmental and structural standards in the regional construction market.