LungYen Life Service Corporation, Ltd. (5530 TT / 5530.TWO) 2026Q3 法說會簡報
Company Overview
公司名稱: LungYen Life Service Corporation, Ltd. (龍巖股份有限公司) 活動: INVESTOR CONFERENCE (龍巖法說會) 日期: September 2026 標語: What Is Your Legacy
經營理念 (Management Philosophy):
- 專業 (Professional)
- 誠信 (Integrity)
- 慈悲 (Compassion)
公司定位:
- 走進龍巖 (Enter LungYen)
- 最大的生命產業上市櫃業者 (Largest listed company in the life service industry)
Disclaimer
免責聲明 (Safe Harbor Notice): 本文件可能包含前瞻性陳述,其中存在重大風險與不確定性;實際結果可能與前瞻性陳述所載內容有重大差異。本文件中所揭露之信息不應被視為對投資決策的建議。本公司或其任何附屬公司、顧問或經營階層不應負有任何責任。提醒讀者不要過分依賴前瞻性陳述。本公司不承擔任何更新任何前瞻性陳述的義務,其中包含資料更新,未來事件預告或其他事件。
Business Segments
全生命生態圈 (Life's Ecosystem): 人生旅程 x 一站式生命服務 (Life Journey x One-stop Life Services)
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事前規劃 (Pre-planning): 提前準備終身託付 (Prepare in advance for lifelong entrustment)
- 生前契約 (Pre-need contract)
- 塔墓銷售 (Columbarium & Tomb Sales)
-
殯儀服務 (Funeral Services): 專業團隊全程陪伴 (Professional team accompanies throughout)
- 全方位禮儀服務 (Comprehensive etiquette services)
- 禮體淨身服務 (Body cleansing services)
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葬儀服務 (Burial Services): 至誠守護永續信任 (Sincere guardianship, lasting trust)
- 生命紀念館 (Life Memorial Hall)
- 戶外陵園 (Outdoor Cemetery)
- 客製墓園 (Customized Tomb)
-
追思服務 (Memorial Services): 延續思念世代傳承 (Continuing remembrance, generational legacy)
- 追思法會 (Memorial Dharma Assembly)
- 祭祀商品 (Sacrificial goods)
- 餐飲服務 (Catering services)
多元事業 (Diversified Operations & Investments):
- 金融資產投資 (Financial Asset Investment):
- 股票 (Stocks)
- 私募基金 (Private Equity Funds)
- 債券 (Bonds)
- 不動產投資 (Real Estate Investment):
- 南港商辦大樓 (Nangang Commercial Office Building)
- 敦北大樓 (Dunhua North Road Building)
- 亞洲廣場大樓 (Asia Plaza Building)
Products, Services & Technology
科技創新 (Tech Innovation):
-
銷售數位服務 (Digital Sales Services): 資訊技術整合 (Information technology integration)
- 行動裝置簽約率 (Mobile device signing rate): 30%+
- 產品/系統: 龍易簽 (LungYiSign)
-
智能客服服務 (Smart Customer Service): 服務效率提升 (Service efficiency improvement)
- 關鍵字與需求精準比對 (Precise matching of keywords and needs)
- 產品/系統: 龍巖智能客服 (LungYen Smart Customer Service)
-
禮儀數位服務 (Digital Etiquette Services): 客戶體驗升級 (Enhanced customer experience)
- 禮儀電子訃聞使用率 (Usage rate of digital obituaries): 75%+
- 多媒體科技禮廳 (Multimedia technology funeral halls)
- 產品/系統: 電子禮儀服務 (Digital Etiquette Services)
-
陵園數位服務 (Digital Cemetery Services): 數位銷售輔助 (Digital sales assistance)
- 720度線上環景功能 (720-degree online panoramic view)
- 線上祭祀商城 (Online sacrificial goods mall)
- 產品/系統: 光之境 (Realm of Light), 光之殿堂預定地 (Gate of Light Hall reservation area), 真龍殿 (True Dragon Hall), 白沙灣陵園 (Baishawan Cemetery), 世紀陵園 (Century Cemetery), 印象花園 (Impression Garden), 日光庭園 (Sunlight Garden), 霞山雅緻 (Xiashan Elegance), 寶藏殿 (Treasure Hall)
藝術匯集 (A Convergence of Art):
-
塔位墓園設計 (Columbarium & Cemetery Design): 融合建築美學 打造優質園區 (Integrating architectural aesthetics to create high-quality parks)
- 塔位 (Columbarium Niche):
- 無瑕豪華個人室 (Flawless Luxury Private Room)
- 星辰雙人室 (Starry Double Niche)
- 墓園 (Cemetery):
- 霞山雅緻 (Xiashan Elegance)
- 禾光庭園 (Heguang Garden)
- 塔位 (Columbarium Niche):
-
生命商品設計 (Life Product Design): 創新商品設計 提供多元選擇 (Innovative product design offering diverse choices)
- 骨罐 (Urn):
- 櫻悅繽紛 (Cherry Blossom Joyful & Colorful)
- 曙光 (Dawn Light)
- 骨罐 (Urn):
Financial Highlights
2025年營運概況 (2025 Operational Overview):
- 合併營收 (Consolidated Revenue): NT$40.5億
- 信託資產 (Trust Assets): NT$194億
- 稅後淨利率 (Net Profit Margin after Tax): 29%
- 合約負債 (Contract Liabilities): NT$423億
2025年營收結構 (2025 Revenue Structure):
- 禮儀服務 (Etiquette Services) (禮儀與禮體淨身服務): 50%
- 塔位墓園 (Columbarium & Tomb) (塔位墓園銷售): 40%
- 陵園經營及其他 (Cemetery Operations & Others) (陵園追思服務): 8%
- 物業租賃 (Property Leasing) (投資性不動產出租): 2%
2025年資產負債表結構 (2025 Balance Sheet Structure):
- 資產 (Assets):
- 金融資產及投資 (Financial Assets & Investments): 32%
- 現金 (Cash): 29%
- 不動產及設備 (Property, Plant & Equipment): 16%
- 存貨 (Inventory): 14%
- 應收款 (Receivables): 8%
- 預付及其他 (Prepayments & Others): 1%
- 負債與股東權益 (Liabilities & Shareholders' Equity):
- 負債 (Liabilities): 64%
- 合約負債 (Contract Liabilities): 84% (of total liabilities)
- 其他負債 (Other Liabilities): 16% (of total liabilities)
- 股東權益 (Shareholders' Equity): 36%
- 負債 (Liabilities): 64%
營收認列 (Revenue Recognition):
- 新業績 (New Business):
- 符合認列原則 (Meets recognition criteria): 列為營業收入 (Recognized as Operating Revenue)
- 金流端:全額款項已收取 (Cash flow side: full payment received)
- 商品端:塔墓使用權已移轉 (Product side: columbarium/tomb usage rights transferred)
- 禮儀服務已提供 (Etiquette services provided)
- 結果: 財報營收 (Financial Report Revenue) (損益表 - Income Statement)
- 未符合認列原則 (Does not meet recognition criteria): 合約負債 (Contract Liabilities) (資產負債表 - Balance Sheet)
- 符合認列原則 (Meets recognition criteria): 列為營業收入 (Recognized as Operating Revenue)
Recent Performance and Results
獲利表現趨勢 (Profitability Trends) (單位: NT$百萬元):
| 年度/季度 | 營收 (Revenue) | 淨利 (Net Profit) | 淨利率% (Net Profit Margin %) |
|---|---|---|---|
| 2022 | 3,964 | 1,457 | 37% |
| 2023 | 4,098 | 1,250 | 31% |
| 2024 | 4,159 | 1,611 | 39% |
| 2025 | 4,047 | 1,156 | 29% |
| 2025Q2 | 2,332 | 458 | 20% |
| 2026Q2 | 2,048 | 709 | 35% |
營運績效 (Operational Performance):
-
信託資產 (Trust Assets) (單位: NT$百萬元):
- 2022: 14,149
- 2023: 16,037
- 2024: 17,597
- 2025: 19,368
-
禮體服務率 (Body Cleansing Service Rate) (單位: %):
- 2022: 50%
- 2023: 53%
- 2024: 57%
- 2025: 59%
-
契約單件更添收入 (Additional Revenue per Contract Unit) (單位: NT$千元):
- 2022: 118
- 2023: 120
- 2024: 124
- 2025: 128
-
陵園經營及其他 (Cemetery Operations & Others) (單位: NT$百萬元):
- 2022: 260
- 2023: 310
- 2024: 338
- 2025: 322
Clients & Markets
在地深耕海外佈局 (Deep Local Roots, Global Layout):
- 台灣據點 (Taiwan Locations):
- 新北 (New Taipei): 龍巖白沙灣 (LungYen Baishawan), 龍巖世紀陵園 (LungYen Century Cemetery), 龍巖福田 (LungYen Futian) - (陵園、生命紀念館)
- 桃園 (Taoyuan): 龍巖富岡 (LungYen Fugang) - (陵園、生命紀念館)
- 台中 (Taichung): 龍巖寶山 (LungYen Baoshan) - (生命紀念館)
- 嘉義 (Chiayi): 龍巖嘉雲 (LungYen Jiayun) - (生命紀念館)
- 花蓮 (Hualien): 龍巖蓮園 (LungYen Lianyuan) - (生命紀念館)
- 高雄 (Kaohsiung): 龍巖安泰 (LungYen Antai) - (陵園、生命紀念館); 光之門 (Gate of Light) - (殯儀館)
- 海外據點 (Overseas Locations):
- 溫州 (Wenzhou): 龍巖溫州 (LungYen Wenzhou) - (合資企業 - Joint Venture)
- 香港 (Hong Kong): 龍巖香港 (LungYen Hong Kong) - (子公司 - Subsidiary)
- 設施總數 (Total Facilities):
- 陵園、生命紀念館: 9座 (Cemeteries, Life Memorial Halls: 9 sites)
- 禮儀服務處: 13處 (Etiquette Service Offices: 13 sites)
- 追思會所: 11處 (Memorial Halls: 11 sites)
- 殯儀館: 1處 (Funeral Homes: 1 site)
市場規模持續成長 (Continued Market Growth):
- 死亡人數推估 (Estimated Deaths):
- 2025年 (Year 2025): 20萬人 (200,000 people)
- 2060年 (Year 2060): 32萬人 (320,000 people)
- 死亡人口成長率 (Death Population Growth Rate): 59% (from 2025 to 2060)
- 資料來源 (Source): 國家發展委員會《台灣人口推估(2020年至2060年)》 (National Development Council "Taiwan Population Projections (2020-2060)")
生前契約藍海市場 (Blue Ocean Market of Pre-Need Funeral Contract):
- 台灣生前契約滲透率 (Taiwan Pre-Need Contract Penetration Rate):
- 未持有生前契約 (Do not hold pre-need contract): > 95%
- 持有生前契約 (Hold pre-need contract): < 5%
- 龍巖生前契約市佔率 (LungYen Pre-Need Contract Market Share): 80%+
- 資料來源 (Source): 中華民國信託業商業同業公會、龍巖信託財產結算報告 (Trust Association of R.O.C., LungYen Trust Property Settlement Report)
龍巖生前契約概況 (Lungyen Pre-Need Contract Overview):
- 1997: 生前契約上市 (Pre-need contract launched)
- 2026:
- 累積未履約生前契約 (Cumulative unfulfilled pre-need contracts): 22萬張 (220,000 units)
- 禮儀年結案件數 (Annual completed funeral service cases): 約6,000件 (approx. 6,000 cases)
Outlook & Strategy
戰略與前景 (Strategy & Prospects):
- 未來5年資本投入 (Capital Investment for the next 5 years): 約NT$170億 (approx. NT$17 billion)
- 生命園區存貨建置 (Life Park Inventory Construction): 87%
- 光系列納骨塔建置及其他塔墓商品建設 (Construction of "Light Series" columbariums and other columbarium/tomb products)
- 商用不動產開發 (Commercial Real Estate Development): 11%
- 商辦大樓建設 (Commercial office building construction)
- 禮儀場域及其他 (Etiquette Venues & Others): 2%
- 禮儀場地及資訊系統改良升級 (Improvement and upgrade of etiquette venues and information systems)
- 生命園區存貨建置 (Life Park Inventory Construction): 87%
品牌深化 (Brand Enhancement):
- 2025: 《愛,為你而在》 (Love, For You)
- 突破300萬點閱品牌廣告影片 (Exceeded 3 million views for brand advertisement video)
- 守護對每個生命與家庭的承諾 (Commitment to protecting every life and family)
- 2026: 《傳承生命的力量》 (The Power of Life's Legacy)
- 企業形象影片 (Corporate image video)
- 點亮永恆價值 (Illuminating eternal value)
- 2026: 《升龍道》 (Ascending Dragon Path)
- 第二屆升龍道馬拉松 (2nd Ascending Dragon Path Marathon)
- 吸引上千跑者共襄盛舉 (Attracted thousands of runners to participate)
- 秘境賽道穿越山海體驗非凡 (Extraordinary experience on a secret trail through mountains and sea)
- 奔跑中思索生命傳承無限可能 (Contemplating the infinite possibilities of life's legacy while running)
- 活動名稱: 2026光境半程馬拉松挑戰賽 (2026 Realm of Light Half Marathon Challenge)
ESG / Sustainability
企業永續經營 (Corporate Sustainability) - ESG:
- 環境保護 (Environmental Protection):
- 各塔區著重水土保持 (Emphasis on soil and water conservation in all columbarium areas)
- 水資源循環利用 (Water resource recycling)
- 光系列申請綠建築,培育植栽 (Applying for green building certification for "Light Series", cultivating plants)
- 社會關懷 (Social Concern):
- 成立 龍巖慈善基金會 (Established LungYen Charity Foundation)
- 20年投入社會公益 (20 years of dedication to social welfare)
- 深耕地方回饋社會 (Deep roots in local communities, giving back to society)
- 公司治理 (Corporate Governance):
- 成立「公司治理暨提名委員會」、「審計委員會」及「薪酬委員會」強化公司治理有成 (Established "Corporate Governance and Nomination Committee", "Audit Committee", and "Compensation Committee" to strengthen corporate governance)
- 秉持誠信經營,提升資訊透明,維護股東權益 (Upholding integrity in operations, enhancing information transparency, safeguarding shareholder rights)
Additional Data
龍巖榮譽 (Honors & Recognition):
- 天下CSR小巨人獎 (CommonWealth Magazine CSR Little Giant Award)
- 天下雜誌650大服務企業獲利率排名前25名 (Ranked top 25 in profitability among CommonWealth Magazine's top 650 service enterprises)
- 2025 外資精選台灣百強第21名 (2025 Foreign Investor Selected Top 100 Taiwan Companies, ranked 21st)
- 獎項列表:
- 恭賀 龍巖股份有限公司 第八屆公司治理評鑑 名列前茅(TOP 5%) (Congratulations LungYen Life Service Corporation, ranked top (TOP 5%) in the 8th Corporate Governance Evaluation) - 由金融監督管理委員會、台灣證券交易所、證券櫃檯買賣中心頒發。
- 龍巖(股)公司 榮獲 2025 外資精選台灣企業百強 (LungYen Life Service Corporation awarded 2025 Foreign Investor Selected Top 100 Taiwan Companies) - 以2022-2025年3月底數據統計,在市場面、基本面及ESG優異。
- 2025天下永續公民獎 小巨人 | 永續百強 龍巖 (2025 CommonWealth Magazine Corporate Social Responsibility Award, Little Giant | Top 100 Sustainable, LungYen)
- 天下企業公民獎 新秀獎 龍巖股份有限公司 (CommonWealth Magazine Corporate Citizen Award, Rookie Award, LungYen Life Service Corporation)
- 財團法人龍巖社會福利慈善事業基金會 榮獲103年度財團法人社會福利慈善事業基金會評鑑 優等 (LungYen Social Welfare Charity Foundation awarded "Excellent" in the 2014 evaluation of social welfare charity foundations) - 由衛生福利部頒發。
- 龍巖股份有限公司 榮獲「第十一屆上市櫃公司資訊揭露評鑑」A++級 (LungYen Life Service Corporation awarded "A++" in the 11th Information Disclosure Evaluation for Listed Companies)
Contact Information
公司名稱: Lungyen Life Service Corporation 股票代號: 5530 TT / 5530.TWO 投資人關係網站: https://www.lyls.com.tw/sitePage/investorrelations 聯絡信箱: IR@lyls.com.tw