DA-LI CONSTRUCTION Business Summary

DA-LI CONSTRUCTION LTD (6177.TW) operates a diversified real estate development model, generating revenue primarily through the sale of residential properties—including high-rise apartments, villas, and suites—and the leasing of commercial assets such as shopping centers. The company’s business is bifurcated into its core domestic development segment, targeting high-growth urban corridors in Taipei, Taichung, and Kaohsiung, and an international investment segment focused on the United States, specifically the Seattle metropolitan area. DA-LI distinguishes itself by maintaining a vertically integrated approach through its subsidiary, Bao-Sin Construction, which handles large-scale contracting and engineering. In the competitive landscape, DA-LI contends with peers such as Hua Yu Lien Development (1436.TW), Hung Sheng Construction (2534.TW), Tacheng Real Estate (6171.TW), and Sweeten Real Estate Development (5525.TW). It occupies a unique market position as one of the few Taiwanese developers with a proven track record of successful cross-border expansion, providing a diversified revenue stream that mitigates domestic regulatory risks. The company is led by Chairman and General Manager Chih-Chang (James) Hsieh, who has steered the firm since 2006 and holds an MBA from National Sun Yat-sen University. Hsieh’s leadership is defined by his prior experience as Chairman of Chi-Yu Development and a strategic focus on Transit-Oriented Development (TOD). The executive team includes CFO Ching-Chih Liu and CTO Chen-Cheng Hsieh, who oversees technical R&D and construction innovation. The board of directors was recently updated with the 2025 election of Independent Director Chia-Hsing Yang, alongside long-standing members like Mei-Li Huang. DA-LI maintains a robust institutional profile, with significant shareholdings from global investment firms including Dimensional Fund Advisors, BlackRock, and Vanguard, reflecting its reputation for stable corporate governance and consistent dividend performance within the Taiwan Stock Exchange.