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Process Industries

Eclat Textile Co., Ltd.

Company Background

Eclat Textile is a Taiwanese apparel maker producing clothing and fibers for client companies.

 

Eclat was established in 1977 by Huang Chen-hai, the current chairman. Headquartered in New Taipei City, it went public locally in 2001 and has about 9,000 workers on its payroll. The company has plants in China, Vietnam and Cambodia.

 

In 1983, Eclat developed a flexible knit fabric and launched commercial production. It makes products for such big global names as Nike, Adidas, Lululemon Athletica and Under Armour. While its primary focus is clothing for jogging and yoga, Eclat is expanding its lineup to include apparel for golf, tennis, rugby and other sports.

 

Eclat is known for its ability to understand its clients' needs and promptly customize the products accordingly. It also has a reputation for developing high-quality fabrics. These strengths have enabled it to avoid being dragged into cost-cutting competition.

 

Supported by a rapidly expanding customer base, Eclat chalked up group sales of more than 10 billion New Taiwan dollars ($306 million) for the first time in 2011. By 2014, the figure had doubled to NT$20.8 billion.

Business Summary

Eclat Textile Co., Ltd. engages in the manufacture and sales of elastic knit fabrics and apparel. It offers sportswear including workout and athletic wear; seamless wear; and lightweight, waterproof, and stretchable clothes. The company was founded by Chen Hai Hung, Hsien Chin Tsai, and Feng Chen Wang on November 28, 1977 and is headquartered in New Taipei, Taiwan.

Financial Highlights

Dec 2020 TWDUSD
Revenue28,175.40M956.89M
Gross Profit7,955.84M270.19M
Operating income5,496.55M186.67M
Income before tax5,330.42M181.03M
Net income4,254.62M144.49M
EBITDA6,199.15M210.53M
Diluted EPS15.500.52
Dividends Per Share110.37
Total Assets26,446.42M941.22M
Total liabilities7,278.44M259.03M
Total equity19,167.98M682.18M
Operating cash flow3,897.98M132.38M
Currency in TWDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 24,525.69M 24,231.97M 27,578.20M 28,125.13M 28,175.40M
Gross Profit 6,883.80M 6,528.90M 7,810.82M 7,972.76M 7,955.84M
Operating income 4,701.57M 4,198.92M 5,305.28M 5,470.78M 5,496.55M
Income before tax 4,648.13M 3,768.81M 5,477.75M 5,426.55M 5,330.42M
Net income 3,764.68M 3,068.01M 4,381.93M 4,303.04M 4,254.62M
EBITDA 5,511.65M 4,985.18M 6,138.65M 6,309.84M 6,199.15M
Diluted EPS 13.13 11.12 15.96 15.66 15.50
Dividends Per Share 10.29 9.50 11 11 11
Total Assets 19,908.06M 20,066.41M 22,140.88M 23,319.42M 26,446.42M
Total liabilities 4,811.86M 4,994.16M 5,209.85M 5,195.66M 7,278.44M
Total equity 15,096.20M 15,072.24M 16,931.03M 18,123.75M 19,167.98M
Operating cash flow 4,296.56M 2,848.25M 4,959.61M 5,867.57M 3,897.98M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 760.46M 796.50M 914.56M 909.82M 956.89M
Gross Profit 213.44M 214.60M 259.02M 257.91M 270.19M
Operating income 145.78M 138.01M 175.93M 176.97M 186.67M
Income before tax 144.12M 123.88M 181.65M 175.54M 181.03M
Net income 116.73M 100.84M 145.31M 139.19M 144.49M
EBITDA 170.89M 163.86M 203.57M 204.11M 210.53M
Diluted EPS 0.40 0.36 0.52 0.50 0.52
Dividends Per Share 0.31 0.31 0.36 0.35 0.37
Total Assets 617.70M 674.30M 720.33M 777.91M 941.22M
Total liabilities 149.30M 167.82M 169.49M 173.32M 259.03M
Total equity 468.40M 506.48M 550.83M 604.58M 682.18M
Operating cash flow 133.22M 93.62M 164.47M 189.81M 132.38M

Valuation Measures

Dec 2020
PER27.24
ROA17.09%
ROE22.81%
Operating margin19.50%
Profit margin15.10%

Key executives

  • Chairman, Head-Research & Development: Chen Hai Hung
  • Co-General Manager & President-Fabric Division: Chun Chin Tsai
  • Co-General Manager & Director: Kun Tang Chen
  • Director, Head-Finance & Accounting: Jen Chieh Lo
  • Deputy General Manager-Weaving Division: Sheng Tien Li

Shareholders

  • Yi Yuan Investment Co. Ltd. /Eclat Textile/ (9.3%)
  • TSAI HSIEN CHIN (7.8%)
  • Nan Shan Life Insurance Co., Ltd. (3.6%)
  • CHEN CHING FANG (3.4%)
  • JPMorgan Asset Management (Asia Pacific) Ltd. (3.3%)
  • HUNG CHEN HAI (3.2%)
  • Cathay Life Insurance Co., Ltd. (Invt Port) (3.2%)
  • WANG CHENG CHIN CHIH (3.0%)
  • Harding Loevner LP (2.9%)
  • WANG FENG CHEN (2.8%)

Contact Details

  • Website:http://www.eclat.com.tw
  • Address: 28 Wuchuan Road, Wugu District, New Taipei, 248 86, Taiwan
  • Phone: +886.2.22996000

Related Companies

  • PT Eclat Textile International
  • BEST Information Technology Co. Ltd.
  • Pei Si Te Information Co. Ltd.
  • Pin Lung Industrial Co. Ltd.
  • Antares International Ltd.
  • Grand Elite Holdings, Inc.
  • Eclat Cayman Islands Holdings Corp.

Competitors

  • Makalot Industrial Co., Ltd.
  • Shinkong Textile Co., Ltd.
Last Updated on 15 Oct, 2021

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