Business Overview
[[大東]]紡織 (Tah Tong Textile) 專注於紡紗及機能性布料研發。產品包括純棉紗、混紡紗及各類機能性布料 (吸濕排汗、抗菌、[[rPET]]環保再生)。近年受紡織產業競爭影響，積極進行資產調整與轉型，開發高附加價值的功能性紡織品。生產基地位於台灣及越南。
Supply Chain
上游 (原料):
- 棉花 (國際棉商)、人造纖維原料
中游 (製造):
- 紡紗、織布
下游 (成衣):
- 成衣廠、服飾品牌
Customers and Suppliers
主要客戶
- 織布廠: 國內外織布廠、成衣代工廠
主要供應商
- 化纖原料: [[南亞]]、[[遠東新]]、[[新纖]]等化纖廠\n- 棉花: [[路易達孚]]、[[嘉吉]]等國際棉花貿易商\n- 環保認證: [[GRS]]再生材料認證體系
Financial Tables
Valuation Metrics (Share price $9.94 as of 2026-03-26 | TTM through 2025-12-31 | Forward forecast through 2026-12-31)
| P/E (TTM) | Forward P/E | P/S (TTM) | P/B | EV/EBITDA |
|---|---|---|---|---|
| N/A | N/A | 0.47 | 1.35 | 49.51 |
Annual Financials (Last 3 Years)
| 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|
| Revenue | 1515.01 | 1625.98 | 1157.75 |
| Gross Profit | 100.20 | -8.08 | -149.97 |
| Gross Margin (%) | 6.61 | -0.50 | -12.95 |
| Selling & Marketing Exp | 63.23 | 58.90 | 59.46 |
| R&D Exp | 4.31 | 5.55 | 7.21 |
| General & Admin Exp | 83.22 | 87.40 | 93.22 |
| Operating Income | -50.55 | -159.94 | -309.86 |
| Operating Margin (%) | -3.34 | -9.84 | -26.76 |
| Net Income | -31.31 | 112.42 | -301.48 |
| Net Margin (%) | -2.07 | 6.91 | -26.04 |
| Op Cash Flow | 184.86 | -169.75 | -34.99 |
| Investing Cash Flow | 8.58 | 401.68 | 58.19 |
| Financing Cash Flow | -233.88 | -251.46 | -85.48 |
| CAPEX | -19.32 | -5.81 | -2.60 |
Quarterly Financials (Last 4 Quarters)
| 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | |
|---|---|---|---|---|
| Revenue | 376.92 | 360.83 | 383.75 | 393.51 |
| Gross Profit | -2.97 | 17.99 | 47.33 | 37.85 |
| Gross Margin (%) | -0.79 | 4.99 | 12.33 | 9.62 |
| Selling & Marketing Exp | 17.99 | 14.57 | 15.62 | 15.06 |
| R&D Exp | 1.02 | 1.02 | 1.28 | 0.98 |
| General & Admin Exp | 19.14 | 21.48 | 21.17 | 21.42 |
| Operating Income | -41.13 | -19.08 | 9.26 | 0.39 |
| Operating Margin (%) | -10.91 | -5.29 | 2.41 | 0.10 |
| Net Income | -12.72 | -25.31 | -33.76 | 40.47 |
| Net Margin (%) | -3.37 | -7.01 | -8.80 | 10.28 |
| Op Cash Flow | 1.37 | 61.00 | -0.46 | 122.95 |
| Investing Cash Flow | -17.47 | 0.51 | 4.91 | 20.63 |
| Financing Cash Flow | 10.87 | -73.70 | -179.76 | 8.71 |
| CAPEX | -12.43 | -3.54 | -3.16 | -0.18 |