Shenzhou International Group Holdings Limited (Stock Code: 2313.HK) is the world's largest vertically integrated knitted garment manufacturer and seller. Founded in 1988 and headquartered in Ningbo, Zhejiang, China, the company was listed on the Main Board of the Hong Kong Stock Exchange in November 2005.
Core Business and Model
The company specializes in the manufacturing and sales of knitted apparel, primarily focusing on sportswear, casual wear, and underwear. Its core competitive advantage lies in its vertically integrated supply chain model, which covers the entire production process from raw material procurement and fabric R&D to weaving, dyeing, printing, embroidery, and final garment manufacturing. This comprehensive integration significantly enhances production efficiency and product quality.
Global Production Layout
To meet global market demands and optimize supply chain resilience, Shenzhou International has established strategic manufacturing bases in China, Vietnam, and Cambodia, with sales offices in Shanghai, Hong Kong, and Osaka. As of recent data, the company employs over 100,000 people globally and has an annual production capacity of approximately 280,000 metric tons of fabric and 600 million garments.
Key Clients and Market Position
Shenzhou International serves as a primary supplier to top-tier global apparel brands. Its four largest clients—Nike, Uniqlo, Adidas, and Puma—collectively accounted for 80.7% of its total revenue in 2024. The company provides an ODM (Original Design Manufacturer) "one-stop" service, collaborating closely with these brands on fabric innovation and product development.
Financial Performance
In 2024, the company achieved robust financial results with a total revenue of RMB 28.66 billion and a net profit attributable to owners of RMB 6.24 billion, reflecting strong operational capabilities.
Shenzhou International
Shenzhou
Shenzhou International Group Holdings Limited