HYC Business Summary

Hsin Yung Chien Co., Ltd. (HYC) operates a manufacturing-centric business model, generating revenue through the global sale of high-performance rubber conveyor belts and advanced composite materials. The company’s operations are divided into three primary segments: the "KING" brand, which produces specialized rubber conveyor belts for mining, logistics, and heavy industry; the "SILIEET" brand, focusing on electronic-grade hot-pressing cushion pads; and the "NEWSHEET" division, which develops recyclable thermoplastic carbon fiber composites for the aerospace, automotive, and sporting goods sectors. As of FY2025, HYC reported annual revenue of NT$1.596 billion, maintaining its position as Taiwan’s largest conveyor belt manufacturer and a top-ten global player. Its primary direct competitors include San Wu Rubber Mfg., Hsing Kwo Rubber, and international giants such as Continental AG and Fenner Dunlop. HYC distinguishes itself through a high-margin "small-volume, large-variety" strategy and a growing footprint in green energy, specifically through its inflatable rubber dam products for small-scale hydropower. Founded in 1964 by Lin Jin-Zhang, HYC is currently led by Chairman Chang Hui-Kuan and General Manager (CEO) Lin Chi-Uo, who oversees the firm’s strategic shift toward sustainable materials. The leadership team includes Chief Technology Officer Chang Wei-Hsiu, who spearheads R&D in thermoplastic composites, and Chief Financial Officer Lin Chiu-Hung. The company’s trajectory was significantly shaped by former Chairman Lin Chi-Chin, who transformed the family-run workshop into a high-tech enterprise and remains a central figure in its corporate legacy. HYC’s stability is anchored by major institutional shareholders, including Ji Wang Cheng Co., Ltd. and You Zhen Co., Ltd., which collectively hold approximately 40% of the company’s equity. The board’s deep industry pedigree is complemented by a focus on ESG initiatives, recently evidenced by the completion of their automated "Factory IV" to support the mass production of eco-friendly composite bicycle frames and rims.