Taiwan Paiho Limited (9938) 2025Q1 法說會簡報

Company Overview

• Company Name: Taiwan Paiho Limited (台灣百和股份有限公司)
• Logo: PAIHO
• Slogan/Description: 40-years Experiences in the line of Textiles
• Date of Presentation: Apr 2025
• Establishment Date: 1985年 (April 1985)
• Number of Employees: 1074人 (as of March 31, 2025)
• Paid-in Capital: NT 29.80億元 (NTD 2.98 billion)
• Stock Listing: 2001/1/12 (January 12, 2001)
• Taiwan Paiho Investment Amount (Capital): 新台幣2,979,639,020元 (NTD 2,979,639,020)
• Taiwan Paiho Net Value: 新台幣13,203,748,818元 (as of end of December 2024)
• Taiwan Paiho Land Area: 41,049平方公尺 (12,417坪)
• Taiwan Paiho Building Area: 65,664平方公尺 (19,863坪)

Key Milestones

• 1979: Initially established as San Ho Hsing Co. (三合興公司), providing "黏扣帶" (hook and loop fasteners) products.
• 1985: Dutch company Velcro (NasdaqSC:VELCF) invested in Taiwan, establishing Taiwan Paiho Industrial Co., Ltd. (台灣百和工業股份有限公司), and acquiring San Ho Hsing Co.'s hook and loop fastener business unit's factories and equipment.
• 1990: Ended cooperation with Dutch company Velcro; its shares were repurchased by the Cheng family.
• 1992: Dongguan Paiho (東莞百和) was established with investment from major shareholders.
• 1997: Dongguan Paiho's shares were transferred to Taiwan Paiho, becoming a 100% subsidiary.
• 1998: Chunsheng Co. (春盛公司) was established.
• 1999: Taiwan Paiho passed ISO 9002 quality certification; Vietnam Paiho (越南百和) was established in the same year.
• 2001: Taiwan Paiho (9938) listed on the Taiwan Stock Exchange; Wuxi Paiho (無錫百和) was established in the same year.
• 2002: Wuxi Paiho and Chunsheng Co. officially began production.
• 2003: Invested in Shanghai Qisejia Powder Coatings (上海綺色佳粉體塗料).
• 2004: Europe Paiho (歐洲百和) and North America Paiho (北美百和) were established, expanding into European and American markets; invested in Dongguan Powder Coatings (東莞粉體塗料) in the same year.
  • First company to be certified by the Council of Agriculture with CAS Excellent Bamboo Charcoal and Excellent Forest Products No. 160101.
• 2006: Awarded "Asia's Best Under A Billion" (200 companies) by Forbes magazine.
  • Recognized as a publicly listed company with revenue under USD 1 billion, for its dynamism and development potential.
• 2007: Awarded the 4th "Taiwan Excellent Brand Award" by the Taiwan External Trade Development Council.
• 2009: Bicycle saddle combined with injection hook design, awarded 3rd place in the Taipei Product Innovation Design Award.
• 2010: Passed ISO 14001 environmental management system certification; Indonesia Paiho (印尼百和) was established in the same year.
• 2011: Subsidiary Paiho Industries (F百和8404) listed on the Taiwan Stock Exchange for the first time.
• 2012: Passed ISO/TS16949 automotive quality management system certification.
  • Awarded "Excellent Supplier (Speed/Agility)" by Adidas.
• 2013: Received "Potential Leader Company" certificate from the Ministry of Economic Affairs.
  • Awarded "FACT Division 1 Supplier Level 1" by Adidas.
  • Developed two-way stretch shoe upper fabric and digital jacquard fabric, entering the main shoe material market.
• 2014: Invited to be a member of Adidas A-Team - one of only 11 forward-looking development suppliers globally.
  • Paiho is the only accessory supplier globally; selected as Nike Apparel "Pioneer Supplier" - strategic partner.
  • Invited to establish a liaison office and showroom at NIKE Footwear WHQ.
• 2016: Vietnam Paihong Co. (越南百宏公司) was established; awarded "Excellent Innovation Award" by Adidas.
  • Awarded "TITAS Contribution Award" by the Taiwan Textile Federation.
• 2017: Awarded the 4th "Excellent Potential Leader Company Award" by the Ministry of Economic Affairs.
• 2018: Passed ISO/AS 9100D aerospace quality management system. Passed environmental recycled yarn RCS management system certification.
• 2019: Passed Ministry of Labor Workforce Development Agency Talent Quality-management System (TTQS) assessment with Bronze level.
• 2020: Vietnam Paiho Phase 2 (黎明春三工業區) and Phase 3 (新造工業區) completed construction.
• 2021: Established ESG Corporate Sustainability Committee; awarded "Sustainable Business Award" by Adidas.
• 2022: Vietnam Paiho awarded US LEED Green Building Gold certification.
  • Awarded "2022 Happy Enterprise Silver Award" by 1111 Job Bank.
  • Awarded "2022 Taiwan Business Leaders Top 100" by Harvard Business Review.
  • Awarded "2022 Textile International Exchange Achievement Award" by Taiwan Textile Research Institute.
• 2023: Awarded "2023 Happy Enterprise Manufacturing Gold Award" by 1111 Job Bank.
  • Awarded "Excellent Employer for Over-Quota Employment of Persons with Disabilities - Second Prize" by Changhua County Government.
  • Awarded "Special Contribution to Changhua County's 300th Anniversary and Anti-Epidemic Meritorious Person" by Changhua County Government.
  • Awarded "2023 Best Cooperation Award - Interpersonal Communication and Delivery Agility Award" by Adidas.
  • Chairman Cheng Sen-Mei (鄭森煤) awarded "Top Ten Areas of Special Contribution to Changhua County's 300th Anniversary".
  • Awarded "Global Supplier Summit – Bronze Rating" by Nike, one of only 6 companies globally.
  • Awarded "Silver Medal" in the 2023 Taiwan Innotech Expo Invention Competition.
  • Awarded "Healthy Workplace Certification Mark - Health Promotion Mark" by the Health Promotion Administration.
• 2024: Awarded "113th Academic Year Industry-Academia Collaboration Poster Group Excellent Award" by the National Science and Technology Council (NSTC).
  • Awarded "2024 Happy Enterprise Manufacturing Gold Award" by 1111 Job Bank.
  • Awarded "Excellent Employer for Over-Quota Employment of Persons with Disabilities - Second Prize" by Changhua County Government.
  • Awarded "Bronze Award" in the 17th TCSA Taiwan Corporate Sustainability Awards.
  • Taiwan Paiho Group Office Building awarded "2024 Finland Arch Design Award Gold".
  • Taiwan Paiho Group Office Building awarded "2024 MUSE Design Awards – Gold" in the USA.

Group Affiliates and Global Layout

Group Main Production Plants:

• PAIHO (Parent Company)
  • 越南百和責任有限公司 (Vietnam Paiho Co., Ltd.)
    • 越南二廠 (黎明春三工業區) (Vietnam Phase 2 (Le Minh Xuan 3 Industrial Park))
    • 越南三廠 (新造工業區) (Vietnam Phase 3 (New Industrial Park))
  • 印尼百和股份有限公司 (Indonesia Paiho Co., Ltd.)
  • 台灣百和工業股份有限公司 (Taiwan Paiho Industrial Co., Ltd.)
    • 台灣百和一廠 (Taiwan Paiho Phase 1)
    • 台灣百和二廠 (Taiwan Paiho Phase 2)
  • 百和興業股份有限公司 (Paiho Industries Co., Ltd.)
    • 無錫百衛生物科技有限公司 (Wuxi Paiwei Biotechnology Co., Ltd.)
    • 江蘇百宏複合材料科技股份有限公司 (無錫百和) (Jiangsu Paihong Composite Material Technology Co., Ltd. (Wuxi Paiho))
      • 無錫百宏置業有限公司 (Wuxi Paihong Real Estate Co., Ltd.)
      • 東莞百宏實業有限公司 (Dongguan Paihong Industrial Co., Ltd.)
      • 越南百宏責任有限公司 (Vietnam Paihong Co., Ltd.)

Global Layout:

• Operations R&D Headquarters: 台灣百和 (Taiwan Paiho)
• Production Bases: 台灣 (Taiwan), 東莞沙田 (Dongguan Shatin), 無錫 (Wuxi), 越南胡志明 (Ho Chi Minh City, Vietnam), 越南黎明春 (Le Minh Xuan, Vietnam), 越南平陽 (Binh Duong, Vietnam), 印尼 (Indonesia)
• Marketing & Distribution Warehouses: 台灣百和 (Taiwan Paiho), 東莞百宏 (Dongguan Paihong), 江蘇百宏 (無錫百和) (Jiangsu Paihong (Wuxi Paiho)), 越南百和 (Vietnam Paiho), 北美百和 (North America Paiho), 印尼百和 (Indonesia Paiho), 越南百宏 (Vietnam Paihong), 無錫百衛 (Wuxi Paiwei)

Subsidiary Details

• Vietnam Paiho (越南百和)
  • Establishment Date: 1999年10月 (October 1999)
  • Production Start Date: 2000年9月 (September 2000)
  • Investment Amount (Capital): 美金 35,262,839元 (USD 35,262,839)
  • Net Value: 美金164,438,437元 (as of end of December 2024)
  • Sales Regions: Mainly Vietnam, Southeast Asia and ASEAN countries, South America, Europe, Taiwan.
• Indonesia Paiho (印尼百和)
  • Establishment Date: 2010年03月 (March 2010)
  • Production Start Date: 2013年06月 (June 2013)
  • Investment Amount (Capital): 美金18,000,000元 (USD 18,000,000)
  • Net Value: 美金49,077,636元 (as of end of December 2024)
  • Land Area: 105,162平方公尺 (31,812坪)
  • Sales Regions: Mainly Indonesia.
• Dongguan Paihong (東莞百宏)
  • Establishment Date: 2005年10月 (October 2005)
  • Production Start Date: 2007年9月 (September 2007)
  • Investment Amount (Capital): 人民幣357,027,760元 (RMB 357,027,760)
  • Net Value: 人民幣489,051,846元 (as of end of December 2024)
  • Sales Regions: China Pearl River Delta, Northeast Asia, North America, Europe.
• Vietnam Paihong (越南百宏)
  • Establishment Date: 2016年11月 (November 2016)
  • Production Start Date: 2018年01月 (January 2018)
  • Investment Amount (Capital): 美金187,000,000元 (USD 187,000,000)
  • Net Value: 美金 91,715,888元 (as of end of December 2024)
  • Sales Regions: Mainly Southeast Asia.
• Jiangsu Paihong (Wuxi Paiho) (江蘇百宏(無錫百和))
  • Establishment Date: 2000年12月 (December 2000)
  • Production Start Date: 2002年9月 (September 2002)
  • Investment Amount (Capital): 人民幣384,592,275元 (RMB 384,592,275)
  • Net Value: 人民幣1,033,561,652元 (as of end of December 2024)
  • Sales Regions: Mainly Mainland China, Europe, North America.

Products, Services & Technology

Main Products

• 黏扣帶 (Hook and Loop Fasteners)
• 織帶 (Webbing) (including 鞋帶 - shoelaces)
• 鬆緊帶 (Elastic Bands)
• 反光材料 (Reflective Materials) (including 觸控反光條 - touch-sensitive reflective strips)
• 射出勾產品 (Injection Hook Products)
• 竹炭產品 (Bamboo Charcoal Products)
• 梭織緹花布 (Woven Jacquard Fabric) / 一片式 (one-piece)
• 四面彈針織鬆緊帶 (Four-way stretch knitted elastic bands)
• 電子產品保護套及配件 (Electronic product protective covers and accessories) (Dongguan Paihong)
• 針織經編緹花網布 (Knitted Warp Jacquard Mesh Fabric) (Vietnam Paihong)

Product Application Markets

• 飛機 (Aircraft)
• 醫療器材 (Medical Devices)
• 3C電子配件 (3C Electronic Accessories)
• 紙尿布 (Diapers)
• 美髮 (Hairdressing)
• 胸罩肩帶 (Bra Straps)
• 運動 (Sports)
• 鞋 (Footwear)
• 玩具 (Toys)
• DIY (DIY)
• 包包 (Bags)
• 成衣 (Apparel)
• 汽車 (Automotive)
• 腳踏車 (Bicycles)
• 文具 (Stationery)
• 裝潢 (Decoration/Interior Design)

Main Products Launched Each Year

• 1979: 黏扣帶 (Hook and Loop Fasteners)
• 1990: 織帶 (Webbing), 鞋帶 (Shoelaces)
• 1993: 鬆緊帶 (Elastic Bands)
• 1995: 反光產品 (Reflective Products), 編織布 (Woven Fabric)
• 1996-1998: TPU商標 (TPU Trademark), 紙尿褲用醫療用品 (Diaper Medical Supplies), 戶外體育用品 (Outdoor Sports Equipment), 汽車內裝射出勾 (Automotive Interior Injection Hooks), 成衣拉鍊片 (Garment Zipper Tabs), 消費性產品 (Consumer Products), 貼而美產品 (Tie-on Beauty Products)
• 2003-2004: 竹炭長短纖原料商品 (Bamboo Charcoal Short Fiber Raw Materials), 竹炭系列成品 (Bamboo Charcoal Series Products), 射出勾產品 (Injection Hook Products), 電腦管線帶 (Computer Cable Ties), 品牌通路 (Brand Channels)
• 2005-2008: 射出勾 (Injection Hook)
• 2007-2010: 經緯提織帶 (Warp and Weft Jacquard Webbing), 牛耳織帶 (Bull Ear Webbing), 雷射膜 (Laser Film), 漸近暈染水晶束頭鞋帶.拉繩 (Gradual Dyeing Crystal Head Shoelaces.Drawstrings), 高抗鬆脫燈籠鞋帶 (High Anti-loosening Lantern Shoelaces), 琉璃束頭 (Glass Head Drawstrings), 浮水印防偽反光 (Watermark Anti-counterfeit Reflective), 可拆換式大底 (Detachable Outsole), 模內射出黑天鵝握把帶系列 (In-mold Injection Black Swan Grip Strap Series), 成衣袖扣片 (Garment Cufflinks)
• 2009-2012: 類石頭洗褪色的鞋帶 (Stone-washed Faded Shoelaces), 觸控螢幕反光條 (Touchscreen Reflective Strips), 射出勾產品 (Injection Hook Products), 竹炭產品 (Bamboo Charcoal Products), 梭織緹花布/一片式 (Woven Jacquard Fabric/One-piece), 四面彈針織鬆緊帶 (Four-way Stretch Knitted Elastic Bands)
• 2013-2014: 專業級螢光反光織帶 (Professional Grade Fluorescent Reflective Webbing), 黑鑽石模內射出束頭 (Black Diamond In-mold Injection Head), 針織鏤空鬆緊帶 (Knitted Hollow Elastic Band), 四面彈針織鞋面 (Four-way Stretch Knitted Shoe Upper), 梭織緹花鞋面 (Woven Jacquard Shoe Upper), 專利魚骨鞋帶 (Patented Fishbone Shoelaces), 環保一次染鞋帶 (Eco-friendly One-time Dyeing Shoelaces), 鞋用繡繩 (Shoe Embroidery Thread)
• 2015-2016: 浸染矽膠印刷束頭 (Dyeing Silicone Printed Head), 隱藏logo緹花鬆緊帶 (Hidden Logo Jacquard Elastic Band), 鏤空緹花帶 (Hollow Jacquard Webbing), 彈性鞋帶 (Elastic Shoelaces), 香蕉鞋帶 (Banana Shoelaces), 鏤空梭織片式雙面 (Hollow Woven One-piece Double-sided)
• 2017-2018: 結合科技光纖的LED主動安全防護織帶 (Integrated Technology Fiber LED Active Safety Protective Webbing), 七彩網布的鞋面束緊帶及袖扣片 (Colorful Mesh Shoe Upper Straps and Cufflinks), 亮霧對比鬆緊帶、織帶、拉繩 (Bright Fog Contrast Elastic Band, Webbing, Drawstring), 梭織緹花抽條布帶 (Woven Jacquard Striped Fabric Strap), 雙層蜻蜓結構 (Double-layer Dragonfly Structure), 運動鞋面束片 (Sports Shoe Upper Panels), 梭織緹花流蘇布帶 (Woven Jacquard Tassel Fabric Strap), 噴染色紗開發 (Spray-dyed Yarn Development), 黑蜘蛛系列的鏤空四面彈 (Black Spider Series Hollow Four-way Stretch)
• 2019-2020: 織帶與鞋面的運用 (Application of Webbing and Shoe Uppers), CMYK數位直噴的新技法 (New CMYK Digital Direct Printing Technique), 反光系列產品 (Reflective Series Products), 環保系列產品 (Eco-friendly Series Products), 拉鍊尾扣 (Zipper Pull Tab), 環保紙纖鞋面布 (Eco-friendly Paper Fiber Shoe Upper Fabric), 閃色金龜毛面布 (Flash Color Tortoise Shell Face Fabric), 多重扣合的立體蜻蜓帶 (Multi-clasp 3D Dragonfly Strap), 雙牛耳穿繩帶 (Double Bull Ear Lacing Strap), 一體成型黏扣緹花織帶 (One-piece Hook and Loop Jacquard Webbing), 閃色梭織鞋面 (Flash Color Woven Shoe Upper), CB可麗板 (CB Crepe Board)
• 2021-2023: 快扣式鞋扣 (Quick-release Shoe Buckle), 輕量化・局部鏤空蟬翅系列 (Lightweight, Partially Hollow Cicada Wing Series), 天蠶布系列 (Silkworm Fabric Series), 針織網格束緊帶 (Knitted Mesh Elastic Band), 七彩雷射貼膜IK鞋帶 (Colorful Laser Film IK Shoelaces), 鞋用雙層織物結構布帶 (Shoe Double-layer Fabric Structure Fabric Strap), "格柵"針織網格運動鞋面支撐帶 ("Grille" Knitted Mesh Sports Shoe Upper Support Strap), "蒙娜麗莎"雙層結構緹花布帶 ("Mona Lisa" Double-layer Structure Jacquard Fabric), 鞋用CB束緊帶 (Shoe CB Elastic Band)

Patents

• As of March 31, 2025, Paiho holds 307 patents in various countries.
  • Invention Patents: 177 granted, 20 pending
  • Utility Model Patents: 77 granted, 11 pending
  • Design Patents: 18 granted, 4 pending

Major Clients

Footwear:

• Brands: adidas, new balance, PUMA, Under Armour, Reebok, MIZUNO, VANS, Columbia, HOKA BROOKS, SKECHERS, UGG australia, TARGET, DESCENTE, DICK'S, ANTA
• Clients: 寶成 (Pou Chen), 億春 (Yichun), 廣碩 (Guangshuo), 翔鑫堡 (Xiangxinbao), 清祿/順大 (Qinglu/Shunda), SAMHO, 豐泰 (Fengtai), 隆典 (Longdian), 榮誠 (Rongcheng), 鞋美 (Xiemei), 宏福 (Hongfu), 志雄 (Zhixiong), 站成 (Zhan Cheng), 萬邦 (Wanbang), 耀豐 (Yaofeng), 中菲 (Zhongfei), TAE KWAN, BOA, OIA, PRATAMA, EP, PWI, HWA SEUNG, ZUCCA

Apparel:

• Brands: Columbia, 5.11, FILA, PELLIOT, GAP, THE NORTH FACE, new balance, Biem Lfollkk (比音勒芬), KOHL'S
• Clients: 寧波申洲 (Shenzhou International), 恆美制衣 (Hengmei Garment), 蘇州天源 (Suzhou Tianyuan), 寶嘉集團 (Baoga Group), 鼎林製衣 (Dinglin Garment), 琪俐/俐馬 (Qili/Lima), 鼎樽 (Dingzun), 儒鴻 (Makalot), 崑洲 (Kunzhou), 聚陽 (Eclat), 商群 (Shangqun), 東豐 (Dongfeng), 廣越 (Kwangyuen), 遠東 (Far Eastern), 島田商事 (Shimada Shoji), TMI, EAGLE, TRIMED, GIMMILL, KAHATEX, SUKWANG

Financial Highlights and Key Metrics

Group Revenue Share by Region

2022 (incl. real estate):

• Paiho Industries: 48%
• Vietnam Paiho: 23%
• Taiwan Paiho: 17%
• Indonesia Paiho: 9%
• North America Paiho: 2%
• Mainland China Others: 1%

2023 (incl. real estate):

• Paiho Industries: 42%
• Vietnam Paiho: 29%
• Taiwan Paiho: 17%
• Indonesia Paiho: 9%
• North America Paiho: 3%

2024 (incl. real estate):

• Paiho Industries: 45%
• Vietnam Paiho: 29%
• Taiwan Paiho: 15%
• Indonesia Paiho: 9%
• North America Paiho: 2%

Jan-Mar 2025 (Self-audited) (incl. real estate):

• Paiho Industries: 45%
• Vietnam Paiho: 30%
• Taiwan Paiho: 14%
• Indonesia Paiho: 9%
• North America Paiho: 2%

2023 (excl. real estate):

• Paiho Industries: 42%
• Vietnam Paiho: 29%
• Taiwan Paiho: 17%
• Indonesia Paiho: 9%
• North America Paiho: 3%

2024 (excl. real estate):

• Paiho Industries: 45%
• Vietnam Paiho: 29%
• Taiwan Paiho: 15%
• Indonesia Paiho: 9%
• North America Paiho: 2%

Jan-Mar 2024 (excl. real estate):

• Paiho Industries: 42%
• Vietnam Paiho: 31%
• Taiwan Paiho: 15%
• Indonesia Paiho: 9%
• North America Paiho: 3%

Jan-Mar 2025 (Self-audited) (excl. real estate):

• Paiho Industries: 45%
• Vietnam Paiho: 30%
• Taiwan Paiho: 14%
• Indonesia Paiho: 9%
• North America Paiho: 2%

Group Product Revenue Share

2022 Revenue Share (incl. real estate):

• Revenue Amount: 新台幣162.70億元 (NTD 16.270 billion)
• 織帶/鞋帶 (Webbing/Shoelaces): 46.6%
• 鬆緊帶 (Elastic Bands): 12.0%
• 黏扣帶 (Hook and Loop Fasteners): 12.5%
• 針織經編緹花 (Knitted Warp Jacquard): 10.3%
• 房地產銷售 (Real Estate Sales): 8.4%
• 射出帶 (Injection Straps): 7.2%
• 其他 (Others): 2.5%
• 粉體塗料 (Powder Coatings): 0.5%

2023 Revenue Share (incl. real estate):

• Revenue Amount: 新台幣124.45億元 (NTD 12.445 billion)
• 織帶/鞋帶 (Webbing/Shoelaces): 48.6%
• 鬆緊帶 (Elastic Bands): 13.4%
• 黏扣帶 (Hook and Loop Fasteners): 13.8%
• 針織經編緹花 (Knitted Warp Jacquard): 13.3%
• 射出帶 (Injection Straps): 7.4%
• 其他 (Others): 3.2%
• 房地產銷售 (Real Estate Sales): 0.3%

2024 Revenue Share (incl. real estate):

• Revenue Amount: 新台幣154.59億元 (NTD 15.459 billion)
• 織帶/鞋帶 (Webbing/Shoelaces): 46.9%
• 鬆緊帶 (Elastic Bands): 12.8%
• 黏扣帶 (Hook and Loop Fasteners): 13.3%
• 針織經編緹花 (Knitted Warp Jacquard): 15.9%
• 射出帶 (Injection Straps): 7.3%
• 其他 (Others): 3.3%
• 房地產銷售 (Real Estate Sales): 0.5%

Jan-Mar 2025 (Self-audited) Revenue Share (incl. real estate):

• Revenue Amount: 新台幣42.51億元 (NTD 4.251 billion)
• 織帶/鞋帶 (Webbing/Shoelaces): 44.2%
• 鬆緊帶 (Elastic Bands): 13.2%
• 黏扣帶 (Hook and Loop Fasteners): 12.0%
• 針織經編緹花 (Knitted Warp Jacquard): 20.9%
• 射出帶 (Injection Straps): 6.0%
• 其他 (Others): 3.3%
• 房地產銷售 (Real Estate Sales): 0.4%

2023 Revenue Share (excl. real estate):

• Revenue Amount: 新台幣124.13億元 (NTD 12.413 billion)
• 織帶/鞋帶 (Webbing/Shoelaces): 48.7%
• 鬆緊帶 (Elastic Bands): 13.5%
• 黏扣帶 (Hook and Loop Fasteners): 13.8%
• 針織經編緹花 (Knitted Warp Jacquard): 13.4%
• 射出帶 (Injection Straps): 7.4%
• 其他 (Others): 3.2%

2024 Revenue Share (excl. real estate):

• Revenue Amount: 新台幣153.80億元 (NTD 15.380 billion)
• 織帶/鞋帶 (Webbing/Shoelaces): 47.1%
• 鬆緊帶 (Elastic Bands): 12.9%
• 黏扣帶 (Hook and Loop Fasteners): 13.4%
• 針織經編緹花 (Knitted Warp Jacquard): 16.0%
• 射出帶 (Injection Straps): 7.3%
• 其他 (Others): 3.3%

Jan-Mar 2024 Revenue Share (excl. real estate):

• Revenue Amount: 新台幣35.26億元 (NTD 3.526 billion)
• 織帶/鞋帶 (Webbing/Shoelaces): 47.8%
• 鬆緊帶 (Elastic Bands): 12.7%
• 黏扣帶 (Hook and Loop Fasteners): 13.7%
• 針織經編緹花 (Knitted Warp Jacquard): 15.9%
• 射出帶 (Injection Straps): 6.7%
• 其他 (Others): 3.2%

Jan-Mar 2025 (Self-audited) Revenue Share (excl. real estate):

• Revenue Amount: 新台幣42.34億元 (NTD 4.234 billion)
• 織帶/鞋帶 (Webbing/Shoelaces): 44.4%
• 鬆緊帶 (Elastic Bands): 13.3%
• 黏扣帶 (Hook and Loop Fasteners): 12.1%
• 針織經編緹花 (Knitted Warp Jacquard): 20.9%
• 射出帶 (Injection Straps): 6.0%
• 其他 (Others): 3.3%

Operating Performance

Strategic Initiatives and Plans

Competitive Advantages

• Strong R&D team, grasping market trends.
• Continuously developing patented products, highly favored by international brands for designated use.
• Excellent product quality, highly recognized by internationally renowned brands.
• Global layout, maximizing overall group synergy.
• Comprehensive product line, providing one-stop shopping service.
• Transitioning from OEM to ODM, closely integrating with clients.

Future Development Plan

• Product R&D and design synchronized with internationally renowned brands, establishing strategic partnerships.
• Continuously developing patented special products, increasing product added value.
• Group division of labor strategy, utilizing production resources in Mainland China, Vietnam, and Indonesia to reduce product costs.
• Continuously focusing on environmentally conscious green factories, protecting the Earth.

ESG Corporate Sustainability Development

Solar Panel Installation

• Installations at: 台灣百和 (Taiwan Paiho), 東莞百宏 (Dongguan Paihong), 越南百和 (Vietnam Paiho), 江蘇百宏 (無錫百和) (Jiangsu Paihong (Wuxi Paiho)).

Wastewater Treatment System

• Systems at: 台灣百和 (Taiwan Paiho), 越南百宏 (Vietnam Paihong), 江蘇百宏 (無錫百和) (Jiangsu Paihong (Wuxi Paiho)), 越南百和 (Vietnam Paiho).

Water Recycling Treatment System

• Systems at: 越南百和 (Vietnam Paiho), 越南百宏 (Vietnam Paihong).

Ecological Pond

• Located at: 越南百和生態池 (Vietnam Paiho Ecological Pond), 江蘇百宏 (無錫百和)生態公園 (Jiangsu Paihong (Wuxi Paiho) Ecological Park).

Green Building Factory

• Factory at: 越南百和 (Vietnam Paiho).

Light Guide Energy Saving Equipment

• Equipment at: 越南百和 (Vietnam Paiho).
• Features:
  • 防焰 (Flame Retardant)
  • 照射範圍廣角、均勻 (Wide and Uniform Illumination Range)
  • 高耐候 (High Weather Resistance)
  • 高透光 (High Light Transmittance)
  • 隔絕紫外線 (UV Blocking)
  • 節能減碳 (Energy Saving and Carbon Reduction)
  • 高反射 (High Reflectivity)
  • 材料99%可回收 (99% Recyclable Materials)
  • 使用年限長 (Long Service Life)

Certifications and Reports

• ISO14064 Greenhouse Gas Inventory Certificate:
  • Taiwan Paiho: SGS ISO 14064-1:2018
    • 2023 GHG emissions: Direct 2,310.6621 tCO2e, Indirect 21,470.9011 tCO2e, Total 23,781.563 tCO2e.
  • Dongguan Paihong: CQC Verification Statement of GHG Emission
    • 2020 GHG emissions: 28,678 tCO2e.
  • Jiangsu Paihong (Wuxi Paiho): CQC Verification Statement of GHG Emission
    • 2020 GHG emissions: 12,202 tCO2e.
  • Vietnam Paihong: CQC Verification Statement of GHG Emission
    • 2022 GHG emissions: 16,254 tCO2e, biomass combustion 23,179 tCO2e.
  • Vietnam Paiho: BSI Verification Report
    • 2023 GHG statement verified as Satisfactory, in accordance with ISO14064-1:2018.
• ISO50001 Energy Management System Certificate:
  • Taiwan Paiho: SGS ISO 50001:2018 (Valid from May 19, 2022 to May 19, 2025)
    • Activities: 1.Design and manufacture of fabric, webbing for material and accessories of consumer products. 2.Design and manufacture of molded hook. 3. Manufacture of elastic, touch fastener, TPU logo, shoe lace.
  • Vietnam Paiho: BSI ISO 50001:2011 (Certificate of Registration, ENPES 682746)
    • Activities: The manufacture of shoes and garment accessories including shoelace, drawcord, touch fastener, elastic, webbing and recycle bag.
  • Dongguan Paihong: CQC Energy Management System Certificate (Valid from 2020-03-20 to 2023-03-19)
  • Jiangsu Paihong (Wuxi Paiho): CQC Energy Management System Certificate (Valid from 2020-03-20 to 2023-03-19)
• Water Footprint Certificate:
  • Dongguan Paihong: CQC Water Footprint Assessment Certificate
    • Data period: 2019.01.01-2019.12.31, Water footprint: 1.002359 m3/kg hook and loop fastener.
  • Jiangsu Paihong (Wuxi Paiho): CQC Water Footprint Assessment Certificate
    • Data period: 2020.01.01-2020.12.31, Water footprint: 0.830676 m3/kg hook and loop fastener.
• Carbon Footprint/Carbon Neutrality Certificate:
  • Product Carbon Footprint Certificate: for 黏扣帶系列 (Hook and Loop Fastener Series) from CQC.
    • Data period: 2020.01.01-2020.12.31, Carbon footprint: 13.46 kg CO2e per kg hook and loop fastener.
  • Carbon Neutrality Certificate: for 無錫百和織造股份有限公司 (Wuxi Paiho Textiles Co., Ltd.) from CQC.
    • Carbon neutrality for 2020, total emissions 25,222 tCO2e, offset by purchasing CCERs.
• LEED Green Building Gold Certification:
  • Vietnam Paiho: LEED v4 Gold Certification (Building Design and Construction: New Construction and Major Renovations), August 2022.
• Sustainability Reports:
  • Taiwan Paiho 2020 Corporate Social Responsibility Report (台灣百和2020年企業社會責任報告書)
  • Taiwan Paiho 2021 Sustainability Report (台灣百和2021年永續報告書)
  • Taiwan Paiho 2022 Sustainability Report (台灣百和2022年永續報告書)
  • 2023 Taiwan Paiho Sustainability Report (2023 TAIWAN PAIHO SUSTAINABILITY REPORT 永續報告書)