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Shenzhou International Group
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Shenzhou International Group

Shenzhou

Shenzhou International Group Holdings Limited is the "invisible champion" of global knitwear manufacturing, headquartered in Ningbo, Zhejiang, China. As a Hong Kong Stock Exchange-listed company (SEHK:02313), its core business focuses on Textile & Apparel categories including men's performance T-shirts, women's yoga wear, underwear, and loungewear, providing vertically integrated OEM/ODM services

ChinaEst. 2005110K+SEHK : 2313Score 95

Business Nature

Pure Contract Manufacturer No Private Brand Service Model ODM/OEM: - Premium clients Nike, etc.: Joint development fabric R&D + production services - Mass-market clients: Build-to-order manufacturing Production Capacity Distribution • China 84%: Ningbo/Anhui production bases high-tech products • Overseas 16%: Vietnam Ho Chi Minh City, Cambodia Phnom Penh basic products • Total capacity: 430 million garments annually Core Strengths • 48-hour rapid response system: Fully digitalized control from order receipt to shipment • Fabric innovation lab: Joint development of functional materials with Toray

Core Business Areas

Sports & Outdoor Apparel Nike/Adidas sportswear, Under Armour functional outerwear Men's Apparel Uniqlo basic t-shirts, Puma men's athletic pants Women's Apparel Lululemon yoga pants, H&M women's knitwear Underwear & Hosiery Uniqlo AIRism underwear, functional compression socks Children's & Infant Apparel Gap infant bodysuits, Adidas children's sportswear sets Sustainable Fashion Recycled material sportswear manufactured for Nike, etc.

Industry Rankings

Corporate Report

Shenzhou International Group Holdings Limited is a Hong Kong-listed vertically integrated knitwear manufacturer headquartered in Ningbo, Zhejiang Province, China. Widely regarded as the world's largest vertically integrated knitwear manufacturer, the company serves as a strategic production partner to premier global sportswear and apparel brands including Nike, Adidas, Uniqlo, and Puma. With annual revenues exceeding 30 billion RMB and a workforce of over 110,000 employees across three production countries, Shenzhou exemplifies operational excellence in the high-volume textile manufacturing sector.

Core Business

Shenzhou International operates as an original design manufacturer (ODM) and original equipment manufacturer (OEM), providing end-to-end production services spanning fabric development, knitting, dyeing, printing, embroidery, cutting, and garment assembly. The company's core product portfolio centers on performance sportswear, encompassing athletic T-shirts and polo shirts, sportswear sets, training and fitness apparel, functional outerwear, and innerwear basics—including the widely recognized Uniqlo Airism series. Shenzhou's competitive advantage lies in its ability to handle the entire production lifecycle under one operational umbrella, enabling rapid product development cycles and stringent quality control that few competitors can match. The company has also expanded into sustainable fashion, serving as a primary supplier of recycled polyester fiber products for major brands' eco-conscious product lines.

Global Presence

Shenzhou International maintains manufacturing operations across three countries with its primary production hub in Ningbo, Zhejiang Province, China, supplemented by major facilities in Vietnam and Cambodia. The company operates more than 13 large-scale integrated factories strategically positioned to balance labor costs, trade logistics, and geopolitical risk diversification. As of mid-2025, the workforce totaled approximately 110,930 employees, with annual production capacity reaching approximately 550 million garments and 250,000 tons of fabric per year. Key markets served include the United States, Europe, Japan, and China, where major brand clients drive the bulk of revenue through established distribution networks. Notably, Shenzhou's top four customers—Nike, Adidas, Uniqlo, and Puma—collectively account for approximately 82% of total revenue, reflecting deep-rooted supply chain partnerships built over decades.

Key Strengths

Shenzhou International's dominant market position stems from its unparalleled vertical integration model, which creates formidable barriers to entry for competitors. The company's investment in proprietary fabric research and development enables it to co-develop proprietary materials with brand partners, strengthening customer lock-in and premium pricing power. Its aggressive overseas expansion strategy—particularly the recent full operationalization of Cambodian facilities and ramping up of Vietnamese fabric production capacity—positions Shenzhou to navigate evolving global trade dynamics while maintaining cost competitiveness.

VerityRank Score

95/ 100

Based on market presence, financial scale, operational capacity, and brand strength.

Quick Facts

Headquarters

Ningbo, Zhejiang, China (Global Headquarters and Core Base)

Founded

2005

Employees

110K+

Listing

HKEX: HK