TAIWAN HIGH SPEED RAIL Business Summary

Taiwan High Speed Rail Corp (THSRC) operates as the exclusive high-speed rail provider in Taiwan, managing a 350-kilometer corridor that serves as the primary transit backbone for the island's western plains. The company generates revenue through a dual-stream model: core passenger fare transactions, which reached a record NT$54.64 billion in 2025 with 82.07 million passengers, and ancillary non-fare income including station retail leasing, advertising, and telecommunications services. Under its "THSRC 2.0" initiative, the firm is currently upgrading its fleet with next-generation N700ST trains and accelerating a digital transformation of its ticketing and maintenance systems. THSRC maintains a dominant market position in the medium-to-long-distance travel segment, effectively competing against the state-owned Taiwan Railway Corporation (TRC), long-distance motor carriers like Kuo-Kuang and Ubus, and private vehicle travel by offering superior speed and punctuality. The executive leadership is currently headed by Chairman Shih Che, a former Minister of Culture and Deputy Mayor of Kaohsiung, who was appointed in June 2025 to oversee the company’s strategic expansion and digital transition. President Bob Chen (Chen Hui-yu), previously the Senior Vice President of Operations and Maintenance, leads the technical and operational divisions, bringing decades of internal expertise to the role. Originally established via a Build-Operate-Transfer (BOT) model by a consortium including Continental Engineering and Fubon Group, the corporation is now a public-private partnership with the Ministry of Transportation and Communications (MOTC) as the majority shareholder (43%). The board of directors features significant representation from institutional stakeholders such as China Steel Corporation, Taiwan Sugar Corporation, and the National Development Fund, ensuring a balance between commercial profitability and national infrastructure objectives.