LUNG MING Business Summary

Lung Ming Green Energy Technology Engineering Co., Ltd. (3018.TW) operates as a specialized provider of integrated mechanical and electrical (E&M) systems, construction engineering, and environmental services. The company generates revenue primarily through project-based contracts for high-tech clean rooms, industrial plants, and residential developments, alongside fees from its waste treatment (sludge) and renewable energy (solar and wind) segments. Serving critical industries such as semiconductors, optoelectronics, and pharmaceuticals, Lung Ming positions itself as a technical infrastructure partner across Taiwan, China, and Cambodia. However, as of March 2026, the company faces significant financial headwinds, with its shares placed under an altered trading method on the TWSE following a reported net loss of NT$160 million for fiscal year 2025. In the competitive landscape, it contends with larger-scale peers such as United Integrated Services, China Ecotek, and BES Engineering, maintaining a niche but currently volatile position in the specialized engineering market. The company is led by Chairman Guolun Peng (Peng Guo-lun) and Vice Chairman Yijie Chen (Chen Yi-jie), who oversee a senior executive team including Deputy General Managers Yagui Wen, Lizhong Lian, and Quanfeng Yu. This leadership group is currently managing a strategic turnaround following the company’s 2023 rebranding from Tung Kai Technology Engineering, a move intended to align the firm with global green energy and sustainability trends. The board of directors, which includes representation from institutional stakeholders such as Huayang Venture Capital and Songshan Investment, is set to expand with the election of three additional directors at the June 2026 Annual General Meeting. Despite its deep roots in Taiwan’s engineering sector dating back to 1977, the current management is focused on a rigorous loss appropriation plan and the remediation of subsidiary financial issues, such as excess fund lending by Weiwang International, to stabilize the company’s capital structure.