ACC Drives Growth Through Dual-Engine Strategy and Diversified Portfolio

Asia Cement Corporation (ACC, TWSE: 1102) held its 2026 Annual General Shareholders’ Meeting today (May 28), approving the 2025 financial statements and earnings distribution proposal. Amid global economic shifts, energy transitions, and accelerating carbon management mandates, ACC demonstrated robust operational resilience through business diversification, vertical supply chain integration, and low-carbon upgrades. For FY2025, ACC reported a net profit after tax of NT$10.03 billion and an Earnings Per Share (EPS) of NT$3.00, marking the company's eighth consecutive year with net profits surpassing the NT$10 billion threshold.

The Shareholders' Meeting also approved a cash dividend of NT$2.30 per share, representing a high dividend yield of 6.97% (calculated based on the May 27 closing price). This marks 64 consecutive years of uninterrupted dividend payouts, showcasing ACC's commitment to delivering long-term, stable value to its shareholders. (Photo Credit: ACC)

Diversified Investments Build a Second Growth Curve and Strong Financial Moat

Despite market volatility, international fluctuations, and fluctuating energy prices in 2025, ACC maintained a strong financial foundation, with total assets reaching NT$324 billion by year-end.

Beyond its core cement business, ACC’s non-cement operations—including electric power, stainless steel, transportation, and financial investments—contributed significantly to stable earnings. Non-cement operations and investment returns accounted for 37.68% of total net operating profit in FY2025, successfully establishing a second growth curve that mitigates single-industry cyclical risks. By the end of 2025, the accumulated market value of ACC's diversified investment portfolio reached NT$180.4 billion.

Vertical Supply Chain Integration Enhances Market Leadership 

In its core cement business, ACC continues to deepen vertical integration across manufacturing, ready-mixed concrete, precast products, and construction engineering. By aligning affiliate businesses—such as Ya Tung Ready Mixed Concrete (YTRM), Ya Li Precast, and Far Eastern General Contractor—ACC has built a comprehensive "one-stop" operational moat.

 

Notably, YTRM’s high-performance concrete sales grew by 30% year-over-year in 2025, setting a record high. The product has been selected for flagship skyscraper developments, including Taipei Twin Towers and the Taichung Commercial Bank Headquarters ("Diamond of Taichung"), proving its technical dominance in high-end construction markets. (Photo Credit: ACC)

Smart and Green Transformation in China Operations

Asia Cement (China), ranked among the top 10 cement producers in Mainland China, continues to solidify its core regional advantages across Central and Southwestern markets. The company has aggressively integrated AI, big data, and digital twin technologies to construct smart factories.

Concurrently, ACC (China) is advancing low-carbon manufacturing:

• Waste-heat recovery systems generated 422 million kWh of electricity in 2025, reducing carbon emissions by approximately 235,000 metric tons.

• At the Jiangxi plant, electric transport vehicles now account for 91.43% of logistics fleet operations, reducing unit carbon emissions by 68% compared to traditional transport modes.

Accelerating Net-Zero Initiatives with International SBTi Alignment 

Sustainability remains at the core of ACC's strategy. The company’s carbon reduction targets have been validated under the Science Based Targets initiative (SBTi) 1.5°C scenario, achieving early compliance. ACC aims for a 22.9% reduction in carbon emissions by 2030, progressing steadily toward its 2050 net-zero goal.

Internationally, ACC has been repeatedly selected for S&P Global’s Sustainability Yearbook and achieved "A" list ratings from CDP for both Climate Change and Supplier Engagement. ACC is also Taiwan's only enterprise to receive carbon label certifications for its entire line of cement products, positioning the company to capture future "green premium" opportunities under global policies like the Carbon Border Adjustment Mechanism (CBAM).

Future Outlook: Transitioning to a High-Resilience Green Holding Enterprise 

Looking ahead, ACC is evolving from a traditional manufacturer into a diversified, green holding enterprise. In the energy sector, beyond the steady revenues from Chiahui Power, ACC has entered the energy storage market through Yayu Power to capture long-term transition opportunities.

Moving forward, ACC will focus on three strategic pillars: consolidating core operations, deepening portfolio diversification, and accelerating the net-zero transition—steering the company toward high efficiency, high added value, and long-term sustainability.