Business Overview
[[東和紡織]] (Tung Ho Textile) 定位為「全方位功能性短纖專家」，主要從事短纖紡紗業務。產品包括一般CVC環錠紡、drirelease親水性紗線、複合機能紗線及SIRO賽洛紡紗線等。公司積極導入自動化及永續認證 (如[[GRS]]、[[GOTS]])。
Supply Chain
上游 (原料):
- 棉花: 美國、巴西棉
- 羊毛: 澳洲羊毛
- 聚酯棉: [[南亞]]、[[東麗]] (Toray)
中游 (製造):
- 東和紡織: 混紡、紡紗
下游 (織布/成衣):
- 針織布廠、平織布廠、成衣廠
Customers and Suppliers
主要客戶
- 布料夥伴: 廣力、松棉、百聿、永瀧等織布廠
- 品牌合作: [[華歌爾]]、[[奧黛莉]]、[[麗嬰房]]、奇哥、[[La New]]、[[遠東新]]
主要供應商
- 化纖原料: [[南亞]]、[[東麗]] (Toray)
- 棉花: 國際棉商及毛商
Financial Tables
Valuation Metrics (Share price $17.60 as of 2026-03-26 | TTM through 2025-09-30 | Forward forecast through 2025-12-31)
| P/E (TTM) | Forward P/E | P/S (TTM) | P/B | EV/EBITDA |
|---|---|---|---|---|
| 135.38 | N/A | 6.57 | 1.12 | 140.55 |
Annual Financials (Last 3 Years)
| 2024-12-31 | 2023-12-31 | 2022-12-31 | |
|---|---|---|---|
| Revenue | 523.86 | 566.66 | 688.94 |
| Gross Profit | 67.05 | 40.69 | 165.80 |
| Gross Margin (%) | 12.80 | 7.18 | 24.07 |
| Selling & Marketing Exp | 14.77 | 15.15 | 17.43 |
| R&D Exp | 12.58 | 15.05 | 12.01 |
| General & Admin Exp | 55.65 | 47.78 | 55.50 |
| Operating Income | -15.95 | -37.29 | 80.86 |
| Operating Margin (%) | -3.05 | -6.58 | 11.74 |
| Net Income | 56.67 | 32.85 | 104.36 |
| Net Margin (%) | 10.82 | 5.80 | 15.15 |
| Op Cash Flow | 121.10 | 58.13 | 138.64 |
| Investing Cash Flow | 95.15 | -54.24 | -114.53 |
| Financing Cash Flow | -200.39 | -43.45 | -97.31 |
| CAPEX | -2.86 | -14.20 | -40.52 |
Quarterly Financials (Last 4 Quarters)
| 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | |
|---|---|---|---|---|
| Revenue | 99.08 | 126.48 | 133.30 | 118.65 |
| Gross Profit | 10.42 | 16.15 | 17.75 | 15.34 |
| Gross Margin (%) | 10.51 | 12.77 | 13.32 | 12.93 |
| Selling & Marketing Exp | 3.02 | 3.75 | 3.19 | 3.58 |
| R&D Exp | 2.23 | 2.19 | 2.86 | 3.13 |
| General & Admin Exp | 12.99 | 14.18 | 11.85 | 17.41 |
| Operating Income | -7.82 | -3.98 | -0.15 | -8.78 |
| Operating Margin (%) | -7.90 | -3.15 | -0.11 | -7.40 |
| Net Income | 21.77 | 9.30 | -5.12 | 0.01 |
| Net Margin (%) | 21.97 | 7.35 | -3.84 | 0.01 |
| Op Cash Flow | 41.48 | 108.33 | 64.88 | -26.13 |
| Investing Cash Flow | 0.02 | -14.33 | -26.95 | 42.18 |
| Financing Cash Flow | -70.75 | -110.60 | -16.16 | -30.02 |
| CAPEX | -0.90 | -0.50 | -0.05 | -1.79 |