Kuan Hsing Declares NT$4 Dividend, Optimistic About World Cup Boosting 2025 Operations

Kuan Hsing-KY, a textile manufacturer, has emerged from its operational trough in 2025, achieving annual revenue of NT$7.002 billion, a 29.2% year-on-year increase. Net profit attributable to parent shareholders reached NT$294 million, a 3.47-fold surge compared to 2024. Earnings per share (EPS) stood at NT$7.73, and the company's shareholder meeting today approved a cash dividend of NT$4 per share.

In 2026, Kuan Hsing continues its operational momentum. First-quarter net profit attributable to parent shareholders reached NT$98.71 million, up 26.4% year-on-year, with quarterly EPS at NT$2.59.

Chairman Lin Jin-Mao stated that the ongoing FIFA World Cup, co-hosted by the U.S., Canada, and Mexico, is boosting market enthusiasm and operational momentum for sportswear brands. Kuan Hsing’s two major international clients, Adidas and Puma, collectively account for over 40% of its revenue, positioning the company to benefit significantly from increased demand during the tournament.

Additionally, Kuan Hsing has collaborated with the U.S. apparel giant GAP for over 15 years, building long-term trust in supply reliability and delivery quality. The company is currently GAP Group’s largest supplier of cellulosic fiber fabrics. In the first quarter of 2025, GAP accounted for 34% of Kuan Hsing’s revenue, forming another key pillar of its operations.

Kuan Hsing’s operations hit a low in 2024, with EPS at NT$1.73, a stark contrast to its previous streak of earning over one full share value annually for five consecutive years since its 2019 listing. Chairman Lin acknowledged 2024 as the most challenging year in the company’s history, primarily due to its new Vietnam factory failing to achieve economies of scale upon launch.

After a period of adjustment, the Vietnam facility has now transformed from a liability into an asset. Lin stated that amid the trend of fragmented global supply chains, Kuan Hsing has successfully established its own factories in Vietnam and Cambodia. The Vietnam plant’s monthly average output has risen to 2 million pounds, with further capacity expansion planned. This localized production enhances responsiveness, reduces logistics costs, and mitigates delivery risks.

Moreover, Kuan Hsing has long focused on high-quality cotton-blend knitted fabrics and is gradually evolving from a mere fabric supplier to a downstream apparel manufacturer. The company is transforming into a vertically integrated, one-stop apparel solutions provider, aiming to elevate value-added services and raise competitive barriers. (Edited by Chang Chun-Mao)