Yusin Business Summary

Yusin Holding Corp. (4557.TW) is a leading manufacturer of automotive hydraulic brake system components, primarily serving the global Aftermarket (AM) and Original Equipment Service (OES) sectors. The company generates revenue through the high-volume production and distribution of brake master cylinders, wheel cylinders, clutch master/slave cylinders, and brake calipers, with a strategic expansion into vacuum boosters, brake pads, and hydraulic systems for motorcycles and bicycles. Geographically, North America remains its primary revenue driver, supported by a robust manufacturing base in Xiamen, China, and a growing presence in the Asian and European markets. In 2025, Yusin reported annual revenue of approximately NT$3.97 billion, maintaining a dominant position in the replacement parts market due to its extensive SKU catalog and supply chain flexibility. Key direct competitors include global industry leaders such as Bosch (Automotive Aftermarket), Akebono Brake Industry, and Continental AG, as well as regional peers like Luhai Holding. Within this landscape, Yusin distinguishes itself through its specialized focus on hydraulic precision and its ability to provide comprehensive "one-stop" solutions for diverse vehicle platforms. The company’s leadership is anchored by a stable executive team with deep technical expertise, spearheaded by Chairman Ching-Te Chi and President (CEO) Yao-Jen Hsu. Yao-Jen Hsu has been a central figure in the company’s management for over 32 years, overseeing its transition from a specialized manufacturer to a publicly traded holding entity on the Taiwan Stock Exchange. The founding Hsu family maintains significant oversight and strategic influence, ensuring long-term continuity and a focus on R&D, particularly following the 2021 merger with Horng Fuu Enterprise which expanded their portfolio into the two-wheeler segment. The board of directors, which includes Representative Director Yung Chun Hsu, is characterized by high institutional stability with an average tenure of nearly a decade. Notable investors include Taiwan-based institutional funds attracted by the company’s consistent dividend performance and its successful integration of automated production lines to mitigate rising labor costs.