Lealea and Li Peng Post Losses in 2024; Chairman Kuo Says 2025 Operations Will Improve

(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