CENTURY IRON AND STEEL INDUSTRIAL Business Summary

Century Iron and Steel Industrial (9958.TW) operates a project-based revenue model centered on the fabrication, installation, and distribution of large-scale steel structures. As of early 2026, the company has successfully pivoted its primary business from traditional civil engineering to renewable energy infrastructure, with its wind power engineering segment now accounting for approximately 89% of total revenue. The company specializes in subsea foundations for offshore wind farms, including jacket foundations, monopiles, and pin piles, while maintaining a secondary segment (11%) in traditional steel structures for high-rise buildings, factories, and public works. Century Iron and Steel competes directly with major domestic peers such as China Steel Corp (2002), Evergreen Steel (2011), and Hsin Kuang Steel (2031). It maintains a dominant market position in Taiwan as a first-mover in the offshore wind "localization" initiative, recently bolstered by the 2025 acquisition of PT Nippon Steel Batam Offshore Services to expand its manufacturing footprint into Southeast Asia. The company is led by Founder and Chairman Wen-Hsiang Lai, a veteran of the Taiwanese steel industry who has steered the firm since its incorporation in 1987. The executive team is anchored by President and CEO Yu-Ching Li, who assumed the role in January 2023 after serving as Vice President and spokesperson, and Chief Financial Officer Chiu Sheng-Yuan. Under this leadership, the company has transitioned from a local fabricator into a regional renewable energy powerhouse, leveraging strategic joint ventures with European partners like Bladt Industries and Sif Group to import advanced subsea engineering expertise. The board is supported by institutional investors such as Kuan Tseng Investment Co. Ltd., reflecting a stable governance structure focused on long-term capacity expansion, including the deployment of massive Goliath cranes to double production output for the 2026-2030 offshore wind development phases.