SDC Business Summary

SDC (ticker 5324.TWO), officially Shihlin Development Company Limited, operates a diversified business model focused on real estate development, property leasing, and hospitality services in Taiwan. The company generates revenue through three primary segments: Construction and Development, which executes residential and commercial building projects for sale and lease; Leisure and Recreation, involving the development of clubs and specialized areas; and Catering and Hotel, which manages guest accommodations and food services. SDC’s revenue is driven by a mix of project-based sales and recurring income from its hospitality and leasing portfolios. Within the competitive landscape, SDC maintains a specialized market position relative to larger-scale developers such as Kindom Construction Corp, Huaku Development Co Ltd, JSL Construction & Development, and We & Win Development, distinguishing itself through its strategic concentration in the Shihlin district and operational synergies with the broader Shihlin Group. The company’s leadership is currently led by Chairman Sam Hsu (Hsu Yu-shan) and President Victor Lin (Lin Xin-cheng), who serves as the Chief Executive Officer. Victor Lin, appointed in 2019, brings extensive industry experience and concurrently holds an independent directorship at Da-Cin Construction. The executive team is further supported by Vice President Cho-Tao Yuan and Finance Supervisor Ying-Yen Kuo, who oversees the firm’s fiscal strategy and accounting. SDC is a key subsidiary of the Shihlin Group, with Shihlin Paper Co., Ltd. serving as its primary institutional investor. Other notable board members and shareholders include Chuan Sheng Investment and The Ambassador Hotel, Ltd., reflecting a governance structure that integrates real estate development with the group’s established hospitality and industrial interests to ensure long-term capital stability.