SEA & LAND INTEGRATED CORP. (陸海股份有限公司) - 2025 Investor Conference Briefing
Company Overview
SEA & LAND INTEGRATED CORP. (陸海股份有限公司) is a Taiwanese company established in 1973 and listed on the stock exchange in 1997. The company has a paid-in capital of NTD 1.048 billion and approximately 280 employees.
Establishment
- Established: 1973, Taipei, Taiwan
- Listed Date: January 25, 1997
Capital & Employees
- Paid-in Capital: NTD 1.048 billion
- Number of Employees: Around 280 people
Organization Structure
The company's organization structure includes:
- Shareholders' Association
- Board of Directors
- Audit Committee
- Salary Compensation Committee
- Chairman and President
- General Manager
- Audit Office
- Safety and Health Office
- Quality Assurance Office
- Director
- Business Units/Departments under General Manager:
- Oil and Gas Office
- Changhua Oil and Gas Station
- Heavy Machine Office
- Ministry of Shipping
- North District Business Department
- South District Business Department
- Transportation and Storage Office
- Adjustment Center
- North District Business Department
- Central District Business Department
- South District Business Department
- Finance Office
- Accounting Department
- Finance Department
- Management Office
- Information Room
- Administration Department
- Oil and Gas Office
Office Locations & Business Segments
- Head Office: New Taipei City, Xizhi
- Business Scope:
- Container Inland Haulage Service
- Locations: North - Keelung City, Qidu, Central - Taichung City, Wuqi, South - Kaohsiung City, Xiaogang
- Description: Cross-regional transfer activities for shipping entities and dockside operation. Inland transportation of import and export containers for CY cargo proprietors.
- Heavylift Haulage & Erection Service
- Locations: North - New Taipei City, Xizhi, South - Kaohsiung City, Xiaoguang
- Description: Transportation and lifting of "super-long, super-wide, super-high, super-heavy" special cargo.
- Coastal Service
- Location: Kaohsiung City, Xiaoguang
- LPG Business
- Location: Changhua
- Container Inland Haulage Service
Products, Services & Technology
The company offers various services, including:
- Container Inland Haulage Service
- Heavylift Haulage & Erection Service
- Maritime Services
- Diversified Operations (oil and LPG sales, renewable energy power sales, wine import agency sales, real estate leasing operations)
Important Product Names, Terms, and Concepts
- CY Cargo Proprietors: Container Yard cargo owners.
- Heavylift Cargo: "超長、超寬、超高、超重" (super-long, super-wide, super-high, super-heavy) special cargo.
- Specific Cargo Examples: Various tanks, power plant generator units, railway carriages, wind turbine-related parts, High-Speed Rail car, Coal Unloader, TOP GIRDER, Scrubber.
- Vessels/Equipment: Sea & Land No. 8 loading, Sea & Land No. 2 lightering, CR-class 5,000 HP tugboat, 85-meter barge.
- Industry-specific Terminology: Dockside operation, cross-regional transfer, empty-return ratios.
Financial Highlights and Key Metrics
The company's financial performance is as follows:
Operating Profit Margin by Business Segment
| Items | 2Q25 | % | 1Q25 | % | 2Q24 | % |
|---|---|---|---|---|---|---|
| Container Transportation | 194,154 | 54.74% | 185,941 | 53.63% | 204,594 | 36.03% |
| Lifting & Crane Operation | 73,927 | 20.84% | 47,155 | 13.60% | 280,647 | 49.43% |
| Others | 86,594 | 24.42% | 113,625 | 32.77% | 82,568 | 14.54% |
| Total | 354,675 | 100.00% | 346,721 | 100.00% | 567,809 | 100.00% |
Consolidated Income Statement
| Items | 2Q25 | 1Q25 | 2Q24 | QoQ | YoY |
|---|---|---|---|---|---|
| Operating Revenue | 354,675 | 346,721 | 567,809 | 2.29% | -37.54% |
| Gross Profit | 36,108 | 51,359 | 105,687 | -29.69% | -65.83% |
| Operating Expenses | 38,540 | 46,098 | 46,768 | -16.40% | -17.59% |
| Operating Profits | -2,432 | 5,261 | 58,919 | -146.23% | -104.13% |
| Non-operating Income and Expenditure | -7,626 | 10,470 | 45,744 | -172.84% | -116.67% |
| Net Profit Before Tax | -10,058 | 15,731 | 104,663 | -163.94% | -109.61% |
| Income Tax Expense | -2,750 | 1,061 | 11,193 | -359.19% | -124.57% |
| Unappropriated Retained Earnings | -8,241 | 14,791 | 93,569 | -155.72% | -108.81% |
| Earnings Per Share | -0.08 | 0.14 | 0.89 |
Financial Balance Sheet
| Items | 2025 Q2 | 2025 Q1 | 2024 Q2 |
|---|---|---|---|
| Total Assets | 2,646,759 | 2,676,915 | 3,088,772 |
| Current Assets | 620,838 | 671,357 | 891,948 |
| Property, Plant and Equipment, Net | 1,214,264 | 1,260,203 | 1,440,940 |
| Other Non-current Assets | 811,657 | 745,355 | 755,884 |
| Total Liabilities | 745,430 | 663,453 | 1,166,701 |
| Current Liabilities | 543,844 | 424,224 | 901,122 |
| Non-current Liabilities | 201,586 | 239,229 | 265,579 |
| Total Equity | 1,901,329 | 2,013,462 | 1,922,071 |
| Equity Attributable to Owners of the Parent | 1,826,660 | 1,939,726 | 1,849,077 |
| Non-controlling Interest | 74,669 | 73,736 | 72,994 |
Earnings per Share and Dividend Policy
| Items | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Earnings Per Share | 1.42 | 9.2 | 1.89 | 1.93 | 1.24 |
| Cash Dividend | 1 | 4 | 1 | 1.2 | 1 |
| Stock Dividend | 0.3 | 3 | 0 | 0 | 0 |
Future Outlook and Guidance
The company's outlook and strategy for each business segment are as follows:
Container Inland Haulage Service
- Strategy: Realignment of business focus to deepen relationships with container yard (CY) customers and strengthen competitiveness through comprehensive upgrade of services.
- Key Strategic Actions:
- Enhanced Fleet Management and Operational Efficiency
- Stronger Employee Development and Retention
- Upgraded, Customized Service Offerings
- 2025 Outlook: Navigating challenges and seizing opportunities by strategically repositioning core operations.
Heavylift Haulage & Erection Service
- Outlook: Positive long-term outlook due to the urgent need for energy transition and large-scale infrastructure projects.
- Market Drivers: Retirement of coal-fired power plants and replacement with natural gas facilities, driving demand for heavy cargo transportation and lifting services.
- Key Strategic Actions:
- Market Development
- Equipment & Technology Upgrades
Diversified Operations
- Oil & LPG Sales and Renewable Energy Power Sales: Stable operations.
- Wine Import Agency Sales: Performing well due to established reputation and comprehensive sales channels.
- Real Estate Leasing Operations: Providing steady income.
Strategic Initiatives and Plans
The company's strategic initiatives and plans include:
ESG and Net-Zero Carbon Emissions
- Net-Zero Carbon Emissions Commitment: Ongoing practice to achieve net-zero carbon emissions.
- Actions: Introducing fleet vehicles that meet environmental standards, investing in new energy industries, and participating in low-carbon power plant upgrades and related infrastructure projects.
- Carbon Inventory: Expanded scope to include Scope 3 emissions, with a formal carbon-reduction plan to be initiated in the second half of the year.
ESG Initiatives
- Long-term sustainability driven by multiple stakeholders.
- Actions: Upgrading corporate website, publishing Sustainability Report, and strengthening information security management.
Key Charts, Graphs, and Data Points
The company's key charts, graphs, and data points include:
- Operating Profit Margin by Business Segment (Bar Chart)
- Financial Performance Tables (detailed numerical data for Income Statement, Balance Sheet, and EPS/Dividend policy)