Property market slump ignored: Guochan's domestic business thrives on AI boom, earning NT$1.9 billion in a single month

Despite a general downturn in the real estate market, Guochan Building Materials Group has reported robust revenue figures for May, exceeding NT$1.9 billion. This strong performance is largely attributed to the burgeoning construction of AI technology factories across Taiwan, a trend that has bolstered demand even during the traditional slow season for the concrete industry.

Guochan's core domestic concrete business achieved NT$1.624 billion in May revenue, marking the second-highest figure for the month in its history. This resilience comes amidst challenges including the rainy season, government efforts to cool the property market, and issues related to soil excavation.

The recent COMPUTEX trade show, which gathered global AI leaders, highlighted the significant demand for AI technology and the ongoing construction boom in Taiwan. Guochan has strategically positioned itself to capitalize on this trend by focusing on AI technology factory construction and low-carbon innovation. The company offers 67 types of high-end, low-carbon certified concrete and high-profit, high-elasticity modulus concrete, which are being adopted by major tech firms.

Overall, Guochan's group revenue for May reached NT$1.915 billion, placing it among the top three highest May revenues in its history. Year-to-date revenue from January to May stands at NT$8.755 billion, demonstrating a stable operational performance built on strategic advantages.

Furthermore, Guochan's shareholders approved the company's 2025 financial report, which showed a net profit after tax of NT$4.026 billion. The company declared a cash dividend of NT$2.6 per share, with a payout ratio of 79%, a new high. Chairman Hsu Lan-ying noted the group's ongoing development projects, including a major project in Nangang, Taipei, which is expected to be completed by the end of 2027. The Nangang area's transformation, driven by the East District Gateway Project and its multimodal transport hub, is becoming a prime commercial office location. The presence of NVIDIA's research center directly opposite Guochan's Nangang development project is expected to further enhance the project's value and long-term growth potential.

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Currently, Guochan Building Materials Group holds over 447,000 pings of land across Taiwan, and is continuously developing projects such as the Nangang large-scale development project in the core area of the East District Gateway Project.