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PUBLIC EXPOSE
PT E VER SH INE TE X TBK
MAR 26
2025
P U B L I C E X P O S E M A R 26 , 2 02 5 – PT EVER SHINE TEX TBK 1
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AGE NDA
PUBLIC EXPOSE
01 Company Overview
02 Financial Highlights 2024
03 The 2025 Outlook
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COMPANY
OVERVIEW
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CO MPA NY
PROFILE
PT Ever Shine Tex Tbk is a company engaged in the textile industry sector since 1973
until now. Listed as a public company on the Indonesia Stock Exchange since 1992.
Domiciled at Jl. KH. Fachruddin No. 16, Kampung Bali - Tanah Abang, Central Jakarta
10250 and has a Subsidiary named PT Primarajuli Sukses located at Jl. Arya Jaya
Santika, Pasir Bolang Village - Tigaraksa, Tangerang - Banten 15720.
The company produces yarn, nylon and synthetic fabrics that are marketed
domestically and internationally.
As of December 31, 2024, the company's shares with the code ESTI were owned by the
Public/Community as much as 8.79% and owned by PT Cahaya Interkontinental as
much as 91.21%.
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COMPANY VISION MISSION
VISION MISSION
Known as one of the best • Increasing shareholders value through
operational efficiency
integrated synthetic textile
companies in the local and • Effective management and profitable
business
international market.
• Building a reliable and growing
business in a favorable economic
condition and able to survive in difficult
economic situations
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Bo ard o f
C ommis sio ners
COMPOTITION
Throughout 2024, there were
no changes in the composition
of the Board of Commissioners.
E M MY R ANO E WI DJ OJ O ARYANTO AGU S M W IRAW AN
P res i de nt Independent Independent
Co mmi ss i one r Co mmi ss i one r Co mmi ss i one r
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Throughout 2024, there were no changes in the
BOARDS OF composition of the Board of Directors.
DIRECTORS
SUNG PUI MAN PETER SUNG ER LIEN LINDAWATI MICHAEL SUNG
P res i de nt Di r ec tor Dir ector Dir ector Dir ector
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AUDIT
COMMITTEE
The Audit Committee is currently led by one
Independent Commissioner as Chairman,
together with two independent members
who have expertise in accounting, auditing,
finance and law.
W IRAW AN NO ENIK HERLI ANI TIM OTIUS
Member of the Audit Member of the Audit
Chairman of the Audit Committee
Committee Committee
In 2024, there were no changes in the composition of
the Audit Committee.
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INTERNAL CORPORATE
AUDIT SECRETARY
The Company supports independence
The Company has appointed Mr. Erlien
by ensuring that each member of the
Lindawati Surianto as the Corporate
Internal Audit Unit possesses high
Secretary, who also serves as a Director
integrity, professionalism, and objectivity
of the Company, based on the Board of
in carrying out audit duties. This
Directors’ Decree dated July 1, 1992. This
approach reflects the Company's
appointment was made in accordance
commitment to implementing
with the provisions stipulated in POJK No.
transparent and accountable
35/POJK.04/2014
governance.
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MARKETING
AREA
The Company reaches the domestic market with a distribution strategy focused on various strategic
regions in Indonesia, including Banten Province, DKI Jakarta, West Java, Central Java, DI Yogyakarta, East
Java, Bali, and South Sulawesi. With a broad geographical coverage, the Company strives to meet eri
customer needs in various regions through an approach that emphasizes supply chain efficiency, timely eri t
delivery, and optimal customer service.
e si o
The Company has expanded its export market reach to various countries around the world with the
following regional segmentation:
r si
1. Asia region, including Indonesia, South Korea, Myanmar, Turkey, Malaysia, United Arab Emirates, or
Thailand, Japan, Qatar, Vietnam, the Philippines, and China.
2. Africa region, with a primary focus on South Africa.
3. North America region, including Mexico, Canada, and the
er
United States.
4. South America region, including Peru, Argentina, Brazil,
and Ecuador.
r e ti
5. Europe region, covering Austria, Belgium, Spain, and
Malta.
6. Australia region, focused on the Australian market.
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MARKETING
AREA
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Certificate OEKO-TEX STANDARD 100
to :
• PT Ever Shine Tex Tbk
• PT Prima Rajuli Sukses
CERTIFICATION
Issued by : Swiss Textile Testing 2024
Institute
Valid Until
• Juni 15, 2025
• Mei 31, 2025
Recycling Certificate Certificate ISO to :
Number: CU1165336GRS-2024-
00043814 • PT Prima Rajuli Sukses
• PT Ever Shine Tex Tbk Issued by : SGS
Issued by : Control Union Valid until
Valid until • Maret 3, 2026
• April 26, 2025
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SIGNIFICANT EVENTS
TH R OU GH O U T TH E YE AR 20 2 4
Jan 16, 2024 Jan 29, 2024
The Company through its subsidiary The Company signed an (MoU) with
signed an (MoU) with Buddhi Dharma the Indonesian National Research and
University represented by the Director Innovation Agency (BRIN RI)
of Operations, Peter Sung and the represented by Mr. Michael Sung as
Chancellor of Buddhi Dharma the Company's Director.
University, Dr. Limajatini.
Jan 11, 2024 Jan 12, 2024
The Company collaborated with PT. The Company held a meeting with PT.
Indotexmat Prima to conduct Pituku Cordova International. The
training at the s bsi i ry’s facility, PT. meeting aimed to explore potential
Primarajuli Sukses. The training topic collaboration opportunities,
was V-Belt. particularly in the field of Waste
Management.
Mei 28, 2024
The Company has established
Mar 20-23, 2024
cooperation with Ma's oem University
The Company participated in INATEX
to build institutional capacity and
2024 on March 20-23, 2024 at the
improve the Tridharma of higher
Jakarta International Expo.
education.
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SIGNIFICANT EVENTS
TH R OU GH O U T TH E YE AR 20 2 4
Sep 12, 2024 Sep 12, 2024
Mr. Michael Sung as ESTI Marketing In an effort to support energy
Director became a speaker at the efficiency and sustainability, the
ISEW 2024 event. Company through its subsidiary held
a competition entitled "Primacon:
Project Reduce Saving Energy." This
competition aims to encourage
innovation and creativity in reducing
Jun 12, 2024 Jun 12, 2024 energy consumption and
implementing energy-saving
The Company holds Annual and Mr. Michael Sung was one of the
practices in the work environment.
Extraordinary General Meetings of panelists at the sustainable energy
Shareholders. finance event.
Jul 22, 2024 Oct 8, 2024
The Company collaborated with the Banten The Company participated in a
Petrochemical Industry Polytechnic to recruit competition held by OPEXCON with
superior candidates by becoming one of the the theme Project Reduce Saving
interviewers who will interview 48 Energy.
prospective new students of the Banten
Petrochemical Industry Polytechnic.
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50th ANNIVERSARY PT E VE R SHI NE T EX TBK December 9, 2024, the Company celebrates its 50th anniversary. The Company is a textile company that was established in 1973. Along the way, the Company has faced many challenges and lessons so that it can continue to be strong until now. We hope that the Company can continue to shine and continue to grow in the textile world. On this occasion, the Company also gave awards to employees who have worked for more than 30 years. P U B L I C E X P O S E M A R 26 , 2 02 5 – PT EVER SHINE TEX TBK 15
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FINANCIAL
HIGHLIGHT
2024
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Financial Performance Highlights
E x pr es se d i n U ni ted S ta tes Do ll a rs
Increase
Statement of Profit and Loss & Other Comprehensive Income 2024 2023
(Decrease)
Sales 25.845.724 22.330.314 16 %
Cost of Goods Sold (21.886.897 ) (18.347.823) 19 %
Gross Profit 3.958.827 3.982.491 (1) %
Operating Income 1.436.027 1.481.706 (3) %
Profit Before Income Tax 1.026.814 1.244.195 (17) %
Income Tax (Expense) Benefit (352.186 ) 59.286 (694) %
Profit For The Year 674.628 1.303.481 (48) %
Profit for the Year Attributable to Owners of the Parent Entity
674.620 1.303.428 (48) %
Profit for the Year Attributable to Non-Controlling Interests (85) %
8 53
Basic Earnings (Loss) Per Share 0,00033 0,00064 (48) %
Average Exchange Rate Rp1/USD 15.855 15.236 (5) %
End of December Rates 16.162 15.416 4%
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Financial Position E x pr es se d i n U ni ted S ta tes Do ll a rs Financial Position 2024 2023 Increase (Decrease) Current Assets 22.024.667 21.816.070 1% Non-Current Assets 25.165.602 26.898.600 (6) % Total Assets 47.190.269 48.714.670 (3) % Current Liabilities 18.388.953 20.342.665 (10) % Non-Current Liabilities 12.311.420 12.566.803 (2) % Total Liabilities 30.700.373 32.899.468 (7) % Total Equity 16.489.896 15.815.202 4% P U B L I C E X P O S E M A R 26 , 2 02 5 – PT EVER SHINE TEX TBK 18
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Financial Ratios Financial Ratios 2024 2023 Increase (Decrease) Operating Profit Margin Ratio 5,56 % 6,64 % (16) % Gross Profit Margin Ratio 15,31 % 17,83 % (14) % Gross Profit Margin Ratio 2,61 % 5,84 % (55) % Return on Assets Ratio 1,43 % 2,68 % (47) % Return on Equity Ratio 4,10 % 8, 24 % (50) % Current Ratio 119,77 % 107,24 % 12 % Total Debt to Total Equity Ratio 186,17 % 208,02 % (11) % Bank Debt to Total Equity Ratio 82,60 % 107,78 % (23) % P U B L I C E X P O S E M A R 26 , 2 02 5 – PT EVER SHINE TEX TBK 19
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Cash Flow
E x pr es se d i n U ni ted S ta tes Do ll a rs
Cash Flow 2024 2023 Increase (Decrease)
4.835.213 6.065.451 (20) %
Cash Flow From Operating Activities
(845.386) (4.588.570) (82) %
Net Cash Used in Investing Activities
Net Cash Used for Financing Activities (3.966.266) (1.712.116) 132 %
(Decrease) Increase in Cash on Hand and in Banks 23.561 (235.235) (110) %
Cash on Hand and in Banks at Beginning of The Year 69.902 305.173 (77) %
93.463 69.902 34 %
Cash on Hand and in Banks at The end of The Year
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Production Capacity
Product Unit 2024
Woven Fabrics Million Yards 48
Knit Fabrics Ton 1.800
Nylon Filament
Ton 10.800
Textured Yarns
Ton 7.200
Twisting yarn
Ton 3.600
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Production Performance
2024 2023 Increase (Decrease)
Product
Production Utilities Production Utilities Production Utilities
Woven Fabrics 24,5 Million Yards 54% 21,5 Million Yards 44,8% 13.81 % 23.83%
Knit Fabrics 384 Ton 21% 454 Ton 25,2% (15.24) % (14.56)%
Nylon Filament 2,663 Ton 25% 2.795 Ton 25,9% (4.72) % (1.36)%
Textured Yarns 3,998 Ton 56% (67.82) %
2.382 Ton 33% 68.30%
Twisting yarn 812 Ton 23% 807 Ton 22,4% (0.69) % 2.64 %
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Sales Performance of Fabrics and Yarns
By Geographical
2024 2023 Increase (Decrease)
Geographical
Sales Composition Sales Composition Sales
Local 18.884.130 73% 15.408.942 69% 22,55%
Export 6.961.595 27% 6.921.372 31% (0,56)%
Total Sales 25.845.725 100% 22.330.314 100% 15,74%
Sales 2024 Sales 2023
27%
31%
73% 69%
domestik
local ekspor
Export local
domestik Export
ekspor
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Sales Volume of Fabric and Yarn
2024 2023 Increase (Decrease)
Product Unit
Local Export Local Export Local Export
Woven Fabrics Million Yards 19.37 2 17.48 1,73 10,81 % 15,61 %
Knit Fabrics Ton 367 0 392 2 (6,38) % (100) %
Nylon Filament Ton 246 784 103,5 748.4 137,68 %
4,76 %
Textured Yarns Ton 196 603 (26,29) %
265,9 512.4 17,68 %
Twisting yarn Ton 1.366 502 173,8 631.8 685,96 %
(20,54) %
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OUTLOOK
FOR 2025
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OUTLOOK 2025 Economic Conditions in 2025 are still full of challenges and uncertainties, but the Company continues to strive to improve its performance by capturing every opportunity available both in the domestic and global markets. In 2025, the Company targets sales of USD 3,000,000 or a growth of 16%. P U B L I C E X P O S E M A R 26 , 2 02 5 – PT EVER SHINE TEX TBK 26
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PUBLIC EXPOSE 2025
THANKYOU
HEADQUARTER PHONE MAIL WEBSITE
Jl. H. Fachruddin No.16 (21) 316 0238 info@evershinetex.com evershinetex.com
Jakarta 10250, Indonesia
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