Shenzhou International is China's largest exporter of knitted garments. After years of cooperation and development, the company is currently the largest apparel OEM supplier for brands such as Nike, Adidas, Uniqlo and Hummer.
Ningbo Shenzhou Knitting Co., Ltd. (hereinafter referred to as “Shenzhou Internationalâ€), the largest scale integrated knitwear manufacturer in China known as “Foxconn in the apparel industryâ€, is becoming the “Golden Maotai†in the local textile and apparel group. "Dahe Capital recently published a report saying that the growth of Shenzhou International orders is still stable and will continue until the end of next year.
Shenzhou International is China's largest exporter of knitted garments. After years of cooperation and development, the company is currently the largest apparel OEM supplier for brands such as Nike, Adidas, Uniqlo and Hummer. At the same time, the company also actively expands domestic and overseas markets, providing services to different types of customers such as Li Ning, Anta, RalphLauren and NetEase. At present, four major customers such as Nike, Adidas, Uniqlo, and Hummer account for about 90% of Shenzhou's sales, and sportswear category accounts for 65% of the company's sales. The company's future revenue growth is closely related to the future of these four core customers, especially sports and apparel customers.
The industry believes that Shenzhou International has three core customers, which are the world's leading sports goods companies. The popularity of sports and sports and leisure will promote the continuous growth of the sports goods market. The trend of upgrading consumption in the Mainland will lead to double-digit growth for leading enterprises. In recent years, Nike and Adidas have benefited from this trend by optimizing the supply chain, reducing the number of supply manufacturing plants, and concentrating orders on large-scale modernized OEM companies. Shenzhou International, as a leading domestic OEM company, will surely benefit from this trend.
Shenzhou International continued to promote overseas production capacity. In 2005, Shenzhou International set up a garment factory in Cambodia. In 2013, it set up fabric and garment factories in Vietnam. Among them, Vietnam Garment Factory completed construction in early 2016, which is important for the company's further growth and development. Role, the first and second phase of the Vietnam fabric factory have been put into production in 2014 and 2016, and the production capacity has increased significantly.
. With the release of capacity in Cambodia and Vietnam, the share of production capacity in Cambodia and Vietnam increased from 10% in 2014 to 17% in 2016. In terms of regional layout, Shenzhou International's production capacity in China, Cambodia and Vietnam accounted for 83%, 8% and 9% respectively. In 2016, the company's knitwear production capacity was 310 million pieces, a year-on-year increase of 15%.
At the same time, in 2017, the production capacity of Vietnam fabric factory expanded while the production efficiency increased significantly. At present, the production capacity of fabrics in Vietnam has reached 190 tons/day. The company expects to increase to 200 tons/day by the end of 2017, and the production capacity target for 2018 is From the previous 250-300 tons / day to 380 tons / day, compared with the previous target capacity increased by 27% -52%, while the company's 2018 capacity expansion speed guidelines from the previous 10% to 12%, further Highlight management's confidence in future development.
Editor in charge: Wang Zhen
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