Everest Textile
Co - Founder : Douglas Tong Hsu
Executive Summery
Everest Textile Co., Ltd. has earned a reputation as one of the top fabric manufacturers in Taiwan. The focus of Everest Textile Co. lies in innovations as far as development of fabrics to be used to manufacture clothes such as sports gear and outdoors wear. As a firm known to provide innovative fabrics and sustainability solutions for the world’s best brands, Everest Textile Co. has at all times made an effort to invest in research and development. Despite the tough economic climate and uncertainties facing the company today in FY2024, Everest Textile Co. continues to hold the edge.
Company Overview
Everest Textile Company Limited is a Taiwan-based manufacturer and supplier of different kinds of textile products established in 1988. These products include knit and woven textiles, dyed and finished textiles, and functional textiles. The functional textiles are used to manufacture sports apparels, outdoor wear, and casual clothes. The head office of Everest Textile Company Limited is located in Tainan, Taiwan. The company provides its services to a number of foreign fashion brands. The company's focus on innovation and environmentally friendly manufacturing practices has made it a well-known expert in the manufacture of superior quality textiles.
Industry Overview
Functional fabrics are fabrics which are designed to have specific functionality properties. Some of these include moisture management, breathability, waterproofing, protection from UV rays, anti-microbial activity, flexibility and heat regulation among others. These types of fabrics are widely used in sports and outdoor clothing, uniforms, protective clothing, health care fabrics among others. There is an increasing demand for environmental friendly and functional fabrics.
Financial Performance
Particular | 2024 ( Thousand TWD) | 2023 ( Thousand TWD) |
Net Sale | 8263751 | 7838642 |
Operating Cost | 7312222 | 7532944 |
Operating Gross Profit | 951529 | 305698 |
Operating Profit | (201095) | (1032177) |
Non Operating Income And Profit | 228809 | 105037 |
Non Operating Exp | 183706 | 234212 |
Profit/ loss Before Tax | (155992) | (1161352) |
Net Profit After Tax | (278265) | (1211972) |
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Key Financial Ratio
Particular | 2024 | 2023 |
Gross profit margin | 11.51% | 3.90% |
Operating Profit Margin | -2.43% | -13.17% |
Net Profit Margin | -3.37% | -15.46% |
Cost Of Sale Ratio | 88.49% | 96.10% |
Profit Before Tax Margin | -1.89% | -14.82% |
SWOT Analysis
Strengths
Knowledge in functional and performance fabrics.
Existing network with international fashion brands.
Capable in manufacturing and R&D operations.
Weaknesses
Dependence on international demand for fashion products.
Opportunities
Rising demand for eco-friendly and recycled textiles.
Increasing demand for sports clothing in the world.
Threats
Intense competition from textile manufacturing companies in other countries such as China, Vietnam, and South Asia.
Economic downturn in other industries across the globe.
Conclusion
Everest Textile Co. Ltd. is one company which has achieved considerable fame within the global textile industry through its innovation and reputation. providing a strong foundation for future development. However, there are some challenges associated with market dynamics and cost that exist within Everest Textile; but their customers and innovations can help in capitalizing on these opportunities.
References
- Everest Textile Annual Report
- Everest Textile Official Website