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Shenzhou International Group Holdings
(2313)
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Rating:71Outperform
Price Target:
HK$45.00
▼(-5.78% Downside)
Action:Reiterated
Date:04/27/26
The score is driven primarily by solid overall financial quality (strong profitability and manageable leverage) and very attractive valuation (low P/E and high dividend yield). Offsetting these positives, technical indicators show a clear downtrend with weak momentum, and cash flow conversion has deteriorated recently.
Positive Factors
Vertical integration
Owning knitting, dyeing/finishing and printing reduces reliance on third-party suppliers, preserves margins across the value chain, and strengthens quality and compliance control. This structural capability supports durable OEM/ODM relationships and margin resilience for brand customers.
Negative Factors
Weakened free cash flow conversion
Declining free cash flow conversion signals rising working capital or higher investments that reduce internally generated funding. Persistently weaker FCF versus earnings can constrain capital allocation, limit flexibility for dividends, buybacks, or opportunistic capex over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertical integration
Owning knitting, dyeing/finishing and printing reduces reliance on third-party suppliers, preserves margins across the value chain, and strengthens quality and compliance control. This structural capability supports durable OEM/ODM relationships and margin resilience for brand customers.
Read all positive factors
Shenzhou International Group Holdings (2313) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$64.37B
Dividend Yield4.31%
Average Volume (3M)6.28M
Price to Earnings (P/E)9.6
Beta (1Y)0.90
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$53.23Price Target Upside11.44% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)3.89
Revenue Forecast (FY)HK$32.33B
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 primarily makes money by manufacturing and selling finished knitwear garments to brand customers on an OEM/ODM basis. Revenue is generated when it produces apparel to customers’ specifications (and, where applicable, provide...
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 Technical Analysis
Neutral
47.76
Price Trends
43.66
Negative
48.33
Negative
55.56
Negative
Market Momentum
-0.25
Negative
51.20
Neutral
75.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2313, the sentiment is Neutral. The current price of 47.76 is above the 20-day moving average (MA) of 41.79, above the 50-day MA of 43.66, and below the 200-day MA of 55.56, indicating a neutral trend. The MACD of -0.25 indicates Negative momentum. The RSI at 51.20 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2313.
Shenzhou International Group Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$16.95B | 9.71 | 14.29% | 5.87% | 6.88% | 11.98% | |
71 Outperform | HK$64.37B | 9.57 | 15.65% | 4.31% | 8.19% | -6.72% | |
67 Neutral | HK$2.20B | 7.43 | 8.52% | 4.00% | -1.56% | 53.93% | |
64 Neutral | HK$239.91M | 6.73 | -14.53% | ― | -5.61% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | HK$1.51B | 9.29 | 2.58% | 9.71% | -7.87% | 38.45% | |
59 Neutral | HK$1.29B | 15.94 | 4.73% | 8.06% | -0.86% | -50.37% |
* Consumer Cyclical Sector Average
HK:2313
Shenzhou International Group Holdings
42.86
-11.06
-20.51%
HK:1382
Pacific Textiles Holdings
0.95
-0.36
-27.43%
HK:0321
Texwinca Holdings
1.08
0.39
56.52%
HK:0311
Luen Thai Holdings Limited
0.23
0.07
45.00%
HK:2199
Regina Miracle International (Holdings) Limited
1.71
-0.06
-3.44%
HK:2232
Crystal International Group Limited
5.99
0.95
18.80%
Shenzhou International Group Holdings Corporate Events
Shenzhou International Shareholders Approve AGM Resolutions and Final Dividend
May 27, 2026
Shareholders of Shenzhou International Group Holdings approved all resolutions at the annual general meeting held on 27 May 2026, with poll voting covering financial statements for the year ended 31 December 2025, the re-election of key executive ...
Shenzhou International Sets 2026 AGM to Vote on Dividend, Board Seats and Share Issue Mandate
Apr 23, 2026
Shenzhou International Group Holdings has called its annual general meeting for 27 May 2026 in Ningbo, where shareholders will review the audited financial statements for the year ended 31 December 2025 and vote on a proposed final dividend of HK$...
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.