Everest Textile 2019 Shareholders' Regular Meeting

        Everest Textile held the 2019 shareholders’ meeting at Tainan Labor Sports Center on June 14, presided over by Chairman Johnny Shih. It was reported that the consolidated business income was NT9.405 billion yuan (the same below) in 2018, which increased by 6.3% compared to 2017 and the net profit after tax was 157 million yuan, earnings per share was 0.33 yuan, and shareholders' dividend was 0.20 yuan.
As globalization moves towards a new pattern, Everest Textile will not only develop intelligent automation, but also bring its existing R&D innovation niche into full play and transform into a high-value high-level manufacturing service industry. Everest Textile is deeply engaged in Taiwan and has stepped into the world. Three new overseas factories (North Carolina Yarn Far Eastern Dyeing & Finishing garment factory, Ethiopia garment factory and Haiti garment factory) have been put into production one after another. Through the layout of America and Africa, zero tariff concession in Europe and the United States to approach the market by short-chain revolution. Everest Textile can provide customers with innovative and fast customized services and help customers create prices to achieve win-win situation with the high added value and ecological innovation new cloth in the four factories of Everest Textile in the world.
Growth Motivation I: Expanding the Market of Advanced Popular Products
The demand in the present market trend is increasing day by day from functional cloth to advanced popular cloth. So Everest Textile focuses on product level to provide soft and comfortable touch and waterproof, breathable light down/jacket cloth with three popular functional products Ever cottony Clima, Ever soft touch series, Ever elegant shell. Rich feel and functional cloth; 3-layer lamination combining Denny knitting with wool; strong fashion sense and functional fabric are possessed to meet the changing needs of the market to expand revenue.
Growth Motivation II: Breakthrough of Industrial Textile Transition
With the development of science and technology, many functional textiles have been widely used in aerospace, transportation, medical treatment, household decoration, safety protection and environmental protection, and industrial textiles have become an outstanding subject. Everest Textile uses existing core technologies to alliance with other industries, cross-border integration and innovation to extend the development of industrial textiles, and will enter various industries with the market to expand revenue and improve profits. Currently, industrial cloth accounts for only about 5% of Everest Textile's revenue and it is expected that the proportion will increase to 20% in three years.
Growth Motivation III: Breakthrough of Global Garment Transition
Everest Textile establishes a global garment research center, which provides a one-stop service from cloth research and development to garment innovative design to quickly respond to customer needs and grasp business opportunities in real time. It also constructs a digital garment management system and an automated production line to speed up the construction of smart garment factories to enhance operational efficiency; and provides ODM innovative design to actively serve brand customers. In addition to the original embroidery equipment, in 2019, Ethiopia and Haiti factories expanded their differentiated product manufacturing services such as garment printing and washing processes to attract brand cooperation by improving quality and value creating specific performance contributions.
Everest Textile deepens digital transformation and builds smart factories with human-computer collaboration to cope with the new situation of globalization. Looking forward to the future, sustainable management will continue to be implemented, "symbiotic and co-prosperous ecosystem" will be built, the upstream, middle and downstream supply chains will be integrated to jointly develop a new global blue sea of textiles, so that customers can be proud to be Everest Textile partners, and company can win the approval of the public and shareholders.