LD Business Summary

Long Da Construction & Development Co., Ltd. (5519.TW) operates a vertically integrated business model encompassing real estate development, civil engineering, and property leasing. The firm generates revenue primarily through the sale of residential housing and commercial buildings, complemented by steady income from public and private construction contracts involving infrastructure such as tunnels, bridges, and industrial plants. As of March 2026, Long Da maintains a dominant regional position in Southern Taiwan, specifically the Kaohsiung market, where it employs a "build-then-sell" strategy to mitigate pre-sale risks and capture higher margins on completed inventory. The company competes directly with major national players including Highwealth Construction, Kindom Development, and Farglory Land. Relative to these competitors, Long Da occupies a specialized niche, balancing a conservative development pipeline with a robust civil engineering division and a niche hospitality segment in Japan that provides counter-cyclical stability. The leadership team is headed by Chairman and Chief Strategy Officer Chen Wu-tsung, a prominent figure in the Kaohsiung real estate industry who has led the company since its founding in 1982. He is supported by President Hong Mao-yuan, who manages the firm's operational execution and recent expansion into large-scale public urban renewal projects, such as the major Lingya District development secured in late 2025. The executive suite also includes Vice Chairman Chen You-qi, ensuring continuity in the company’s strategic vision. Long Da’s governance is anchored by significant institutional and family-held stakes, with major shareholders including Da Jin Investment and Da Hong Investment. This management team is noted for its technical pedigree in engineering and a disciplined financial approach, which has resulted in a surge in gross margins to 33% as of the 2025 fiscal year and a secured project pipeline extending through 2030.