Sincere group Business Summary

Sincere Group (6721.TWO) operates an "All-in-One" integrated facility management model, generating the vast majority of its revenue through long-term service contracts for cleaning, security, and mechanical maintenance. The company’s primary business segments are environmental cleaning—which accounts for approximately 80% of total revenue—followed by security services, property management, and electrical systems maintenance. Sincere Group distinguishes itself through its dominance in high-traffic public infrastructure and critical industrial zones, serving as the anchor contractor for the Taoyuan International Airport, Taiwan High-Speed Rail stations, and major science parks in Hsinchu and Tainan. Within the competitive landscape, the company contends with major players such as Taiwan Secom (9917.TW), Shin Kong Security (9925.TW), and international firms like G4S Taiwan; however, it maintains a specialized leadership position in large-scale environmental sanitation and public facility management. The company was founded by the late Lu Jincheng (陸耀祖), a retired military colonel whose background in disciplined operations shaped the group’s rigorous "6-KPI" cleaning standards and military-style management culture. Following Lu's passing in 2021, the leadership transitioned to the current Chairman and General Manager, Wenrong Yang (楊文榮), who has overseen the company’s expansion to over 5,000 employees and its 2022 transition to the TPEx mainboard. The executive team is supported by Vice President and Spokesman Chao Hsueh Yin (趙學銀), who manages corporate strategy and investor relations. Sincere Group’s leadership is characterized by a focus on operational stability and high dividend payouts, reflecting its status as a mature, service-oriented enterprise with a significant footprint in Taiwan’s essential services sector.