Factories have me completely baffled.

So I've been trying to figure out factories since I'm making a shipyard. I know I've always played creative up til this point and am building the thing in creative, but I want to make a 'proper' shipyard that can generate resources as well as build.

Thing is I have no f*cking clue what I'm doing. Factories have me completely baffled, and the explanations I keep getting are 'here, take apart this station I made' which... doesn't help me. The tutorials on the wiki are several updates out of...

Factories have me completely baffled.