Lealea and Li Peng Post Losses in 2024; Chairman Kuo Says 2025 Operations Will Improve
Key facts
- Lealea and Li Peng Post Losses in 2024; Chairman Kuo Says 2025 Operations Will Improve
- Taiwanese textile giants Lealea and Li Peng reported net losses for 2024, impacted by US tariffs and Chinese low-price dumping. However, Chairman Kuo Shao-yi expressed confidence in a 2025 recovery, citing the restructuring of unprofitable units and new product development. Both companies returned to profitability in Q1 2025.
- Source: PR Times
- Date: June 9, 2026
Direct answer
Taiwanese textile giants Lealea and Li Peng reported net losses for 2024, impacted by US tariffs and Chinese low-price dumping. However, Chairman Kuo Shao-yi expressed confidence in a 2025 recovery, citing the restructuring of unprofitable units and new product development. Both companies returned to profitability in Q1 2025.
- Citation
- Lealea and Li Peng Post Losses in 2024; Chairman Kuo Says 2025 Operations Will Improve (June 9, 2026), PR Times
- Source
- PR Times
- Date
- June 9, 2026
Taiwanese textile giants Lealea and Li Peng reported net losses for 2024, impacted by US tariffs and Chinese low-price dumping. However, Chairman Kuo Shao-yi expressed confidence in a 2025 recovery, citing the restructuring of unprofitable units and new product development. Both companies returned to profitability in Q1 2025.
📋 Article Processing Timeline
- 📰 Published: June 9, 2026 at 14:21
- 🔍 Collected: June 9, 2026 at 14:37 (16 min after Published)
- 🤖 AI Analyzed: June 9, 2026 at 14:38 (0 min after Collected)
(Central News Agency, Reporter Tseng Jen-kai, Taipei, June 9) Textile manufacturers Lealea and Li Peng held their respective shareholder meetings today. Impacted by bearish factors such as US reciprocal tariffs, both companies reported losses for 2024, with net losses per share of NT$0.78 and NT$0.97, respectively. The shareholder meetings today approved no dividend distribution.
Kuo Shao-yi, Chairman of both Lealea and Li Peng, stated today, "Departments that have been loss-making for a long time were all written down and production halted by the end of last year. Additionally, we are actively investing in the development of new products like micro-denier yarn, which has gradually entered mass production. I am optimistic that the operations of Lealea and Li Peng this year will be better than last year."
In October 2025, Lealea announced the suspension of some product lines, including bottle-grade polyester chips, unable to compete with low-price dumping from China. Although this impacted the company's revenue, related losses also decreased. In December, Li Peng announced the suspension of some nylon chip production lines due to global oversupply. As the halted production items were all in a loss-making state, the suspension is not expected to adversely affect the company's finances or business.
Looking at the Q1 2025 financial reports, both Lealea and Li Peng have turned profitable. Lealea reported a small profit of NT$0.07 per share for the first quarter, while Li Peng reported a net profit of NT$0.1 per share. (Editor: Pan Yi-ching) 1150609
Kuo Shao-yi, Chairman of both Lealea and Li Peng, stated today, "Departments that have been loss-making for a long time were all written down and production halted by the end of last year. Additionally, we are actively investing in the development of new products like micro-denier yarn, which has gradually entered mass production. I am optimistic that the operations of Lealea and Li Peng this year will be better than last year."
In October 2025, Lealea announced the suspension of some product lines, including bottle-grade polyester chips, unable to compete with low-price dumping from China. Although this impacted the company's revenue, related losses also decreased. In December, Li Peng announced the suspension of some nylon chip production lines due to global oversupply. As the halted production items were all in a loss-making state, the suspension is not expected to adversely affect the company's finances or business.
Looking at the Q1 2025 financial reports, both Lealea and Li Peng have turned profitable. Lealea reported a small profit of NT$0.07 per share for the first quarter, while Li Peng reported a net profit of NT$0.1 per share. (Editor: Pan Yi-ching) 1150609
FAQ
What were the 2024 losses for Lealea and Li Peng?
Lealea reported a net loss of NT$0.78 per share, and Li Peng reported NT$0.97 per share.
What were the main reasons for the losses?
The losses were primarily due to US reciprocal tariffs and low-price dumping from China.
What is the business outlook for 2025?
Chairman Kuo expects 2025 performance to improve over 2024, citing restructuring and new product mass production.