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Shenzhou International Group Holdings
(2313)
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Rating:70Outperform
Price Target:
HK$47.00
▲(10.38% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by solid underlying financial quality (strong profitability and a healthy balance sheet) and supportive valuation (low P/E and high dividend yield). These positives are tempered by weaker cash flow conversion and an unfavorable technical setup with the price below key moving averages, indicating the broader trend remains soft.
Positive Factors
Strong Profitability
Sustained mid-to-high margins and double-digit ROE indicate durable earnings power and pricing or cost advantages versus peers. Over a 2-6 month horizon this supports stable operating cash generation, capacity to reinvest in operations, and resilient profitability through cycles.
Negative Factors
Weakened Cash Conversion
Declining free cash flow conversion signals growing working-capital or investment needs that erode internally generated liquidity. Over months this reduces capacity to sustainably fund dividends, repay debt, or finance opportunistic investments without external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
Sustained mid-to-high margins and double-digit ROE indicate durable earnings power and pricing or cost advantages versus peers. Over a 2-6 month horizon this supports stable operating cash generation, capacity to reinvest in operations, and resilient profitability through cycles.
Read all positive factors
Shenzhou International Group Holdings (2313) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$67.01B
Dividend Yield5.79%
Average Volume (3M)6.28M
Price to Earnings (P/E)9.9
Beta (1Y)0.88
Revenue Growth8.19%
EPS Growth-6.72%
CountryHK
Employees108,680
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)3.87
Shares Outstanding1,503,222,400
10 Day Avg. Volume5,298,385
30 Day Avg. Volume6,279,985
Financial Highlights & Ratios
PEG Ratio-2.18
Price to Book (P/B)2.20
Price to Sales (P/S)2.67
P/FCF Ratio29.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$52.05Price Target Upside22.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)3.73
Revenue Forecast (FY)HK$31.86B
Shenzhou International Group Holdings Business Overview & Revenue Model
Company Description
Shenzhou International Group Holdings Limited, an investment holding company, manufactures and sells knitwear products in Mainland China, the European Union, the United States, Japan, and internationally. It offers knitted sportswear, casual wear,...
How the Company Makes Money
Shenzhou International makes money primarily by manufacturing knitwear products for major apparel brands on a contract basis and charging for the production and related value-added services it provides. Its revenue model is centered on (1) OEM/ODM...
Shenzhou International Group Holdings Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 30.99B | 28.66B | 24.97B | 27.78B | 23.85B |
| Gross Profit | 8.17B | 8.05B | 6.06B | 6.13B | 5.79B |
| EBITDA | 7.19B | 9.06B | 5.36B | 5.28B | 4.66B |
| Net Income | 5.83B | 6.24B | 4.56B | 4.56B | 3.37B |
Balance Sheet | |||||
| Total Assets | 56.97B | 53.11B | 48.61B | 43.49B | 42.13B |
| Cash, Cash Equivalents and Short-Term Investments | 28.06B | 25.04B | 16.87B | 13.73B | 12.16B |
| Total Debt | 14.88B | 12.93B | 12.26B | 9.31B | 10.72B |
| Total Liabilities | 19.46B | 17.25B | 15.74B | 12.73B | 14.35B |
| Stockholders Equity | 37.51B | 35.85B | 32.87B | 30.75B | 27.77B |
Cash Flow | |||||
| Free Cash Flow | 2.81B | 3.40B | 4.14B | 3.39B | 1.41B |
| Operating Cash Flow | 5.55B | 5.27B | 5.23B | 4.63B | 3.59B |
| Investing Cash Flow | 912.38M | -3.47B | -1.38B | -371.33M | -6.41B |
| Financing Cash Flow | -1.56B | -2.65B | 333.22M | -3.91B | 1.32B |
Shenzhou International Group Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$18.49B | 10.50 | 14.29% | 5.87% | 6.88% | 11.98% | |
70 Outperform | HK$67.01B | 9.91 | 15.65% | 6.06% | 8.19% | -6.72% | |
64 Neutral | HK$240.95M | 6.75 | 2.87% | ― | -5.61% | ― | |
64 Neutral | HK$2.89B | 10.26 | 9.33% | 4.00% | -1.56% | 53.99% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$1.56B | 9.72 | 3.28% | 8.85% | -7.87% | 38.45% | |
51 Neutral | HK$1.40B | 16.95 | 2.83% | 10.10% | -0.86% | -50.37% |
* Consumer Cyclical Sector Average
HK:2313
Shenzhou International Group Holdings
42.80
-11.74
-21.52%
HK:1382
Pacific Textiles Holdings
0.98
-0.41
-29.50%
HK:0321
Texwinca Holdings
1.10
0.32
40.56%
HK:0311
Luen Thai Holdings Limited
0.28
0.12
71.88%
HK:2199
Regina Miracle International (Holdings) Limited
2.29
0.66
40.40%
HK:2232
Crystal International Group Limited
6.65
1.04
18.53%
Shenzhou International Group Holdings Corporate Events
Shenzhou International Sets August Board Meeting for Interim Results and Dividend Plan
Jul 20, 2026
Shenzhou International Group Holdings Limited, a Cayman Islands-incorporated textile and garment manufacturer listed on the Hong Kong Stock Exchange, serves global apparel brands through an established board of five executive and four independent ...
Shenzhou International Shareholders Approve AGM Resolutions and Final Dividend
May 27, 2026
Shareholders of Shenzhou International Group Holdings approved all resolutions at the annual general meeting held on 27 May 2026, with poll voting covering financial statements for the year ended 31 December 2025, the re-election of key executive ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.