Shenzhou International Group Holdings ( (SZHIF) ) has released its Q4 earnings. Here is a breakdown of the information Shenzhou International Group Holdings presented to its investors.
Shenzhou International Group Holdings Limited is a leading manufacturer in the textile and apparel industry, specializing in knitwear products, with a strong presence in both domestic and international markets. The company recently announced its annual results for the year ended December 31, 2024, highlighting a significant increase in sales and profitability.
The company reported sales of approximately RMB28.66 billion for 2024, marking a 14.8% increase from the previous year. This growth was driven by rising demand for sportswear, casual wear, and lingerie products, particularly in markets such as Mainland China, the United States, and Japan. The company’s gross profit margin improved to 28.1%, and net profit after tax increased by 36.9% to approximately RMB6.24 billion.
Key financial highlights include a substantial rise in sales across all product categories, with sportswear accounting for 69.1% of total sales. Casual wear and lingerie products also saw significant growth, driven by increased demand in Japan. The company declared a total dividend of HKD2.53 per ordinary share for 2024, reflecting a 24.6% increase from the previous year.
Looking ahead, Shenzhou International plans to continue expanding its production capacity, particularly in overseas markets such as Cambodia and Vietnam. The company aims to enhance its supply chain competitiveness and leverage digitalization to respond swiftly to market demands. Despite global economic challenges, the company remains optimistic about its growth prospects, focusing on innovation and customer value creation.