Announcement • Mar 13
Taihan Textile Co., Ltd., Annual General Meeting, Mar 27, 2026 Taihan Textile Co., Ltd., Annual General Meeting, Mar 27, 2026, at 10:00 Tokyo Standard Time. Location: grand ballroom, 464, cheongpa-ro, jung-gu, seoul South Korea New Risk • Nov 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩23b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩23b free cash flow). Earnings have declined by 17% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩23.1b market cap, or US$15.7m). Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: ₩88.00 (vs ₩170 in 2Q 2024) Second quarter 2025 results: EPS: ₩88.00 (down from ₩170 in 2Q 2024). Revenue: ₩46.9b (up 26% from 2Q 2024). Net income: ₩318.8m (down 48% from 2Q 2024). Profit margin: 0.7% (down from 1.6% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. New Risk • May 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩23.0b market cap, or US$16.7m). Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩6,230, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total loss to shareholders of 87% over the past three years. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: ₩309 (vs ₩1,017 loss in FY 2023) Full year 2024 results: EPS: ₩309 (up from ₩1,017 loss in FY 2023). Revenue: ₩133.9b (down 10% from FY 2023). Net income: ₩1.12b (up ₩4.79b from FY 2023). Profit margin: 0.8% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Announcement • Mar 06
Taihan Textile Co., Ltd., Annual General Meeting, Mar 21, 2025 Taihan Textile Co., Ltd., Annual General Meeting, Mar 21, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 464, cheongpa-ro, jung-gu, seoul South Korea New Risk • Dec 07
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩18.6b market cap, or US$13.1m). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (₩21.9b market cap, or US$16.6m). Reported Earnings • Mar 19
Full year 2023 earnings released: ₩1,017 loss per share (vs ₩1,448 loss in FY 2022) Full year 2023 results: ₩1,017 loss per share (improved from ₩1,448 loss in FY 2022). Revenue: ₩149.4b (down 22% from FY 2022). Net loss: ₩3.67b (loss narrowed 30% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. New Risk • Jul 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩96.4b (US$74.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 7.0% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩96.4b market cap, or US$74.2m). Board Change • Jul 03
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jun 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.0% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Reported Earnings • May 21
First quarter 2023 earnings released: ₩564 loss per share (vs ₩384 loss in 1Q 2022) First quarter 2023 results: ₩564 loss per share (further deteriorated from ₩384 loss in 1Q 2022). Revenue: ₩36.0b (down 28% from 1Q 2022). Net loss: ₩2.04b (loss widened 47% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 21
Full year 2020 earnings released: EPS ₩874 (vs ₩2,215 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩175.2b (up 12% from FY 2019). Net income: ₩3.14b (up ₩12.6b from FY 2019). Profit margin: 1.8% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 12
Taihan Textile Co., Ltd., Annual General Meeting, Mar 26, 2021 Taihan Textile Co., Ltd., Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Jan 22
New 90-day high: ₩42,000 The company is up 24% from its price of ₩34,000 on 23 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: ₩39,950 The company is up 18% from its price of ₩34,000 on 29 September 2020. The South Korean market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day high: ₩38,750 The company is up 13% from its price of ₩34,300 on 11 September 2020. The South Korean market is also up 13% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Luxury industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 06
New 90-day high: ₩34,600 The company is up 4.0% from its price of ₩33,250 on 07 August 2020. The South Korean market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 13% over the same period.