Kwong Lung Enterprise (8916-TW), a global leader in functional outerwear manufacturing, reported consolidated revenue of NT$903 million for July 2026, up 17.3% month-over-month and 4.1% year-over-year. Cumulative revenue for the first seven months reached NT$4.63 billion, down 6.9% from the same period last year. The company also reported its second-quarter financial results, with net income rising 79.3% year-over-year to NT$181 million and EPS reaching NT$1.21, compared with NT$0.67 a year earlier, reflecting the contribution from a more diversified earnings base.

By business segment, apparel revenue reached NT$512 million in July, up 7.1% month-over-month but down 18.1% year-over-year. The annual decline largely reflected a particularly high comparison base in July 2025, when customers accelerated shipments ahead of the U.S. tariff grace period, making it the strongest month of last year. This year, some shipments were also affected by production scheduling, vessel availability and customer payment timing. Meanwhile, feather and down revenue increased 61.0% year-over-year to NT$225 million, while home textile revenue rose 66.1% to NT$163 million, supported by replenishment orders and improving shipment activity from core customers.

For the second quarter, consolidated revenue totaled NT$2.28 billion, down 6.4% year-over-year, with gross margin at 14.4%, compared with 16.9% in the prior-year period. Margin pressure primarily reflected higher feather and down input costs, lower capacity utilization and fixed-cost absorption in the home textile business, as well as a lower mix of higher-margin down jackets and GORE-related products within the apparel segment. Despite these headwinds, pretax income increased 96.5% year-over-year to NT$245 million, supported by gains from the disposal of office building in Tokyo and income recognized from the Huashan property project. Net income rose 79.3% to NT$181 million, while net margin improved to 8.0% from 4.2% a year earlier.

Kwong Lung noted that July results reflected improving replenishment and shipment activity in both the feather and down and home textile businesses, while apparel performance was mainly affected by last year’s elevated comparison base and near-term shipment timing differences. As the industry moves into its traditional peak season, the company will continue to execute production and deliveries in line with customer demand while focusing on product-mix optimization, higher capacity utilization and operating efficiency to strengthen the earnings performance of its core businesses.