Shenzhou International Group Holdings ( (HK:2313) ) has shared an update.
Shenzhou International Group Holdings Limited reported a robust financial performance for the year ended December 31, 2024, with sales reaching approximately RMB28.66 billion, marking a 14.8% increase from the previous year. The company experienced notable growth across its product segments, with sportswear sales rising by 9.8%, casual wear by 27.1%, and lingerie by 34.6%, driven by increased demand in key markets such as Mainland China, the United States, and Japan. The gross profit margin improved to 28.1%, and net profit after tax surged by 36.9% to approximately RMB6.24 billion. Additionally, the company proposed a total dividend of HKD2.53 per ordinary share for 2024, reflecting a 24.6% increase from 2023, with a dividend payout ratio of 55.8%.
More about Shenzhou International Group Holdings
Shenzhou International Group Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the textile and garment industry. The company focuses on the production and sale of sportswear, casual wear, and lingerie products, with significant market presence in Mainland China, the United States, and Japan.
YTD Price Performance: -8.62%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $10.99B
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