Vision and leadership
Lean enterprise, global deployment.
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- cybersecurity incidents
Approaches to Sustainable Development Goals
ESG ReportOperating performance
◉ Product Introduction
Everest has the advantage of vertical integration from yarn, weaving, dyeing and finishing, post-processing, to garments, and is an internationally renowned innovative and sustainable smart textile factory. Everest is committed to meeting customer needs from R&D and raw materials to processes and products, developing textiles that are harmless to the human body and the ecology, while promoting the concepts of "dressing safely" and "dressing healthily". Everest is a major supplier of global sports brands such as Nike, Decathlon, Lululemon, and The North Face. It focuses on the research and development and manufacturing of functional fabrics such as high-count and high-density fabrics, elastic fabrics, waterproof and breathable laminated fabrics, coated fabrics, digitally printed fabrics, and long and short fiber yarn-dyed fabrics. With diversified technologies and excellent functional performance, it quickly responds to market trends.
Everest has a forward-looking global presence, and has established fabric factories and garment factories in Asia, America, and Africa. It is good at leveraging local advantages and resources of its overseas factories, and utilizing PDM, CPC, and other systems to create overall value and increase the company's profitability. Everest uses the logical thinking of "Design for Supply Chain" to consider shared raw materials, shared warp yarns, and diversified processing of the same grey fabrics during design, which can reduce the variety of grey fabrics and yarns used, and reduce the complexity of raw materials. At the same time, it makes good use of Everest's global production bases, cooperates with the Local to Local strategy of local garment factories and the tariff preferences of sales areas, and provides brand customers with the best delivery service; establishes a global joint manufacturing in three places, establishes a rapid replication and transfer mechanism for design and technology, and quickly delivers in different production areas, forming an innovative global operations model.
Introduction of Main Products
The products produced by Everest are divided into three categories: processed yarns, finished fabrics and others such as embryonic fabrics and ready-made garments. The main products and descriptions of Everest are as follows:
Consolidated revenue in 2024 is expected to be 8,263,751,000 TWD, an increase of 5% from 2023, with a net loss after tax of 278,265,000 TWD and earnings per share after tax of -0.41,000 TWD. In 2024, the global textile industry will slow down due to multiple factors. Inflation and weak consumer demand have led to a shrinking market, and the US tariffs on China have intensified supply chain adjustments, forcing companies to look for alternative sources. Southeast Asia attracts orders with its low-cost advantage, and the European market is affected by environmental regulations, increasing demand for environmentally friendly and sustainable products. Everest will continue to vigorously develop green, environmentally friendly, and low-carbon process products, strengthen cooperative relationships with brand customers, integrate group resources, and leverage the short-chain supply advantages of its global layout, striving to turn losses into profits in the short term and deliver returns to shareholders.
Government financial subsidies in the past three years after the merger of Everest / Unit: thousand TWD
ⓄPay taxes to local governments Unit: 1,000 TWD
▌Taxation
The company implements tax governance, and each production and operation site abides by the tax laws of the country to which it belongs, implements the principle of agreed transactions, does not engage in aggressive tax planning, and discloses tax information to stakeholders in financial reports to improve information transparency. The accounting department is responsible for the company's tax management. All major transactions and decisions are subject to tax risk assessment. Tax planning is carried out according to tax laws, tax incentives and tax agreements, and internal control mechanisms are used to ensure compliance with tax laws. At the end of each year, the country-by-country report for the previous year is submitted in accordance with regulations.
To avoid the risks brought about by legal changes, we have established a tax risk identification mechanism to quickly evaluate and respond to changes in tax laws, comprehensively consider the differences in tax burdens that may arise from different decisions, and set up a tax working group to assist subsidiaries in various regions in communicating related issues with tax authorities in various countries.
