大東紡織股份有限公司 (Tah Tong Textile Co., Ltd.) 法人說明會 2025Q2
Company Overview
公司基本資訊
- 公司名稱 (Company Name): Tah Tong Textile Co., Ltd. (大東紡織股份有限公司)
- 股票代號 (Stock Code): 1441
- 官方網站 (Website): http://www.tahtong.com.tw
企業簡介
- 創立時間 (Founding Date): 1958年3月15日
- 主要經營業務 (Main Business Activities):
- 生產各種定製紗線 (Production of various custom yarns)
- 各種紡織面料委外加工 (Outsourced processing of various textile fabrics)
- 上市日期 (Listing Date): 1989年於台灣證券交易所股票上市
- 董事長 (Chairman): 陳修忠先生 (Mr. Chen Hsiu-Chung)
- 總經理 (General Manager): 陳建州先生 (Mr. Chen Chien-Chou)
- 資本額 (Capital): 新台幣7.17億元 (NTD 717 million)
- 價值觀 (Values):
- 永續經營 (Sustainable operation)
- 道德誠信 (Ethical integrity)
- 客戶至上 (Customer first)
- 人文關懷 (Humanistic care)
Financial Highlights
2025年上半年營運成果 (Operational Results for H1 2025)
| 項目 (Item) | Y2025 Q1~Q2 金額 (Amount) | Y2025 Q1~Q2 % | Y2024 Q1~Q2 金額 (Amount) | Y2024 Q1~Q2 % |
|---|---|---|---|---|
| 營業收入 (Operating Revenue) | 777,263 | 100% | 662,893 | 100% |
| 營業成本 (Operating Cost) | (692,085) | (89%) | (729,900) | (110%) |
| 營業毛利 (損) (Gross Profit (Loss)) | 85,178 | 11% | (67,007) | (10%) |
| 營業費用 (Operating Expenses) | (77,338) | (10%) | (74,308) | (11%) |
| 營業利益 (Operating Profit) | 7,840 | 1% | (141,315) | (21%) |
| 營業外收入及支出 (Non-operating Income & Expenses) | (1,801) | (0%) | 298,947 | 45% |
| 稅前淨利 (損) (Profit (Loss) Before Tax) | 6,039 | 1% | 157,632 | 24% |
| 所得稅費用(利益) (Income Tax Expense (Benefit)) | 169 | 0% | 585 | 0% |
| 本期淨利 (損) (Net Profit (Loss) for the Period) | 6,208 | 1% | 158,217 | 24% |
| 歸屬母公司 (Attributable to Parent Company) | 6,709 | 1% | 162,705 | 25% |
| 非控制權益 (Non-controlling Interests) | (501) | (0%) | (4,488) | (1%) |
| 基本每股盈(虧) (新台幣元) (Basic EPS (NTD)) | 0.09 | 2.45 | ||
| 稅前息前折舊攤銷前利潤 (EBITDA) | 60,851 | 8% | 224,966 | 34% |
Business Segments
產品與市場概況 (Products and Market Overview)
- 主要成就 (Key Achievements):
- 2025年環保再生紗產品持續成長 (約使用3.42億支寶特瓶)。(Continued growth in eco-friendly recycled yarn products by 2025, estimated to use 342 million PET bottles.)
- 導入環保再生棉花原料，以及GEC認證原料。(Introduced eco-friendly recycled cotton raw materials and GEC certified raw materials.)
- 開發特殊功能紗產品以及工業用紗產品並導入量產。(Developed special functional yarn products and industrial yarn products, and initiated mass production.)
- 品牌客戶 (Brand Customers):
- GORE
- SITKA
- NIKE
- Wacoal
- Triumph (THE MAKER OF LINGERIE SINCE 1886)
- GUNZE
- BURTON
- asics
- STUSSY
- Rapha
- HÄRKILA
- OWL
- asics TIGER
- KITH
- drew
Products & Technologies
垂直整合服務於不斷成長的休閒市場 (Vertical Integration Services for the Growing Casual Market)
- 原料 (Raw Materials):
- Repreve
- Ecovero
- Tencel
- Modal
- Recycled Cotton
- GEC Cotton
- Acrylic
- Nomex
- PVA
- 紡織品 (Textiles):
- Yarn:
- ECO Yarns
- Heavy Gauge (Siro)
- Slub Yarns
- Acrylic/Rayon
- Zero-Twist
- Long Staple (51mm)
- Fabrics:
- ECO Fabrics
- CVC Fleece
- Casual Knits
- Functional Knits
- PPE Woven
- PPE Knits
- Yarn:
- 應用 (Applications):
- Casual Tops
- Hoodies
- Sports Casual
- Innerwear
- Home Textile
- Firefighter
Clients & Markets
部門別銷售狀況 (Sales Performance by Department)
- 圖表顯示 (Chart Data - Percentage of Revenue by Department and Gross Margin):
- 紗部門 (Yarn Department) & 布部門 (Fabric Department) 營收佔比 (Revenue Share):
- 2023Q1: 紗部門 62%, 布部門 38%
- 2023Q2: 紗部門 56%, 布部門 44%
- 2023Q3: 紗部門 60%, 布部門 40%
- 2023Q4: 紗部門 44%, 布部門 56%
- 2024Q1: 紗部門 44%, 布部門 56%
- 2024Q2: 紗部門 27%, 布部門 73%
- 2024Q3: 紗部門 26%, 布部門 74%
- 2024Q4: 紗部門 38%, 布部門 62%
- 2025Q1: 紗部門 25%, 布部門 75%
- 2025Q2: 紗部門 22%, 布部門 78%
- 毛利率 (Gross Margin - Line Chart):
- 2023Q1: ~-10%
- 2023Q2: ~-5%
- 2023Q3: ~0%
- 2023Q4: ~5%
- 2024Q1: ~5%
- 2024Q2: ~10%
- 2024Q3: ~10%
- 2024Q4: ~5%
- 2025Q1: ~10%
- 2025Q2: ~15% (Highest point in the chart)
- 紗部門 (Yarn Department) & 布部門 (Fabric Department) 營收佔比 (Revenue Share):
ESG / Sustainability
環保再生紗線 (Eco-Friendly Recycled Yarns)
- 目標 (Targets):
- 2022年約當使用109百萬支保特瓶 (109 million PET bottles)
- 2023年約當使用201百萬支保特瓶 (201 million PET bottles)
- 2024年約當使用232百萬支保特瓶 (232 million PET bottles)
- 2025年約當使用342百萬支寶特瓶 (342 million PET bottles)
Outlook & Strategy
未來展望 (Future Outlook)
- 市場環境 (Market Environment):
- 市場運用朝向多元化發展。(Market applications are moving towards diversification.)
- ESG議題方興未艾。(ESG issues are on the rise.)
- 季節性短交期需求提升。(Increased demand for seasonal short lead times.)
- 低階市場形成價格戰。(Low-end markets are experiencing price wars.)
- 大東對策 (Tah Tong's Strategies):
- 專注於附加值面料 (Focus on Value-Added Fabrics):
- 擴大面料團隊的研究和產品。(Expand R&D and products of the fabric team.)
- 擴大環保紗線和面料的產品線 (Expand Product Lines for Eco-Friendly Yarns and Fabrics):
- 增加回收產品以及環保面料生產線。(Increase recycled products and eco-friendly fabric production lines.)
- 加強供應鏈改善產品供應 (Strengthen Supply Chain to Improve Product Supply):
- 改善供應鏈增加面料供應以滿足客戶需求。(Improve the supply chain to increase fabric supply and meet customer demand.)
- 減少低附加值的紗線產品線 (Reduce Low-Value-Added Yarn Product Lines):
- 削減成熟產品的產量以專注於有利基的紗線。(Reduce production of mature products to focus on niche yarns.)
- 專注於附加值面料 (Focus on Value-Added Fabrics):