
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 from fabric R&D, dyeing and finishing to garment sewing for global sportswear brands like Nike, Uniqlo, Adidas, and Puma. In 2025, Shenzhou achieved estimated revenue of RMB 32.5-34 billion, employing over 110,000 people across 13 large-scale integrated factories in Ningbo, Anhui, Vietnam, and Cambodia, producing approximately 550 million garments and 250,000 tons of fabric annually. Its top four clients contribute about 82% of revenue. Leveraging ultimate vertical integration efficiency and quick response capabilities, Shenzhou defines the manufacturing benchmark behind global brands.
Strengths: Shenzhou's core strength in Textile & Apparel lies in its extreme vertical integration model, controlling the entire value chain from fabric R&D, dyeing and finishing to garment sewing, building a triple moat of efficiency, quality, and cost in knitwear categories like performance T-shirts and yoga wear. Annual production scale of 550 million garments and 250,000 tons of fabric, combined with overseas capacity in Vietnam and Cambodia, makes it an irreplaceable core supplier for global brands like Nike and Uniqlo, with its share in client supply chains growing through shortened lead times and quick response capabilities.
Weaknesses: Shenzhou's main weaknesses stem from its business model's heavy reliance on its top four clients (Nike, Adidas, Uniqlo, Puma), with customer concentration reaching 82%, making performance highly susceptible to core brand order fluctuations. As a B2B manufacturer lacking end-consumer brand recognition, its gross margin is compressed by rising labor costs and initial depreciation of overseas new factories, slightly declining to 27.1% in H1 2025. It also faces uncertainty risks from cross-border raw material tariffs amid changing global trade environments.Read MoreShow Less
Strengths: Shenzhou's core strength in Textile & Apparel lies in its extreme vertical integration model, controlling the entire value chain from fabric R&D, dyeing and finishing to garment sewing, building a triple moat of efficiency, quality, and cost in knitwear categories like performance T-shirts and yoga wear. Annual production scale of 550 million garments and 250,000 tons of fabric, combined with overseas capacity in Vietnam and Cambodia, makes it an irreplaceable core supplier for global brands like Nike and Uniqlo, with its share in client supply chains growing through shortened lead times and quick response capabilities.
Weaknesses: Shenzhou's main weaknesses stem from its business model's heavy reliance on its top four clients (Nike, Adidas, Uniqlo, Puma), with customer concentration reaching 82%, making performance highly susceptible to core brand order fluctuations. As a B2B manufacturer lacking end-consumer brand recognition, its gross margin is compressed by rising labor costs and initial depreciation of overseas new factories, slightly declining to 27.1% in H1 2025. It also faces uncertainty risks from cross-border raw material tariffs amid changing global trade environments.
Listed market data
HK · HKEX · weeklyHistory →- Market cap
- $7.2 B
- Share price
- HKD 39.08
- 1Y change
- -43.3%
- Recent change
- +2.8%
- IPO price
- +976.6%
11-02 → 11-03
HKD 3.63 · from 2005-11-01
Financial history
Full market history- 2026-11HKD 39.08$7.2 B+2.0%
- 2026-10HKD 38.30$7 B+9.9%
- 2026-09HKD 34.84$6.4 B-0.7%
- 2026-08HKD 35.10$6.4 B-21.3%
- 2026-07HKD 44.58$8.2 B+13.3%
- 2026-06HKD 39.36$7.2 B-15.2%
- 2026-05HKD 46.42$8.5 B-0.8%
- 2026-04HKD 46.80$8.6 B+0.0%
- 2026-03HKD 46.78$8.6 B-26.2%
- 2026-02HKD 63.35$11.6 B+1.7%
- 2026-01HKD 62.30$11.4 B+2.2%
- 2025-12HKD 60.95$11.2 B—
Ownership & Control
Shareholding as of 2026-06-30- Controlling entity
- Publicly held — no controlling shareholder disclosed
- Company type
- Manufacturer
- Insiders
- 48.89%
- Institutions
- 42.54%(283 holders)
- Free float
- 83.24%
Percentages are of total shares outstanding, aggregated from 13F-style filings via Yahoo Finance. Institutional figures reflect US-filed positions and may undercount owners filing elsewhere. No figure is shown where none is disclosed.
In the press
All coverage →5 latest headlines1- Shenzhou International Group Holdings Stock Climbs 4.7% in Hong Kong - Moomoowww.moomoo.com2026-10-30
- At HK$36.58, Is It Time To Put Shenzhou International Group Holdings Limited (HKG:2313) On Your Watch List? - Simply Wall Stsimplywall.st2026-10-29
- Shenzhou International Group Holdings (SEHK:2313) Stock Still Looks Cheap Despite a 74% Five Year Fall - Yahoo Financefinance.yahoo.com2026-10-25
- Pzena cuts 1.5674 million shares in Shenzhou International stock - ad-hoc-news.dewww.ad-hoc-news.de2026-10-24
- Shenzhou International Group Holdings Limited Estimates – HKEX:2313 - TradingViewwww.tradingview.com2026-10-23
Quick Facts
Headquarters
Ningbo, Zhejiang, China (Global Headquarters and Core Base)
Founded
2005
Employees
110K+
Market cap
$7.2 B
Listing
HKEX: HKCategories
24 categories · scroll for more
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Data Sources & Methodology
This corporate profile is compiled from publicly available sources including company annual reports, SEC/regulatory filings, official press releases, and verified third-party industry databases. Financial figures reflect the most recent fiscal year disclosures and are cross-validated across multiple independent references.
VerityRank Score is calculated using a proprietary multi-dimensional model evaluating market presence, financial strength, operational scale, innovation capacity, and brand influence. Individual dimension scores are normalized against industry peers and updated quarterly.
Disclaimer: This profile is for informational purposes only. VerityRank makes no warranties regarding completeness or timeliness. This content does not constitute investment advice or endorsement.
Key references: SEHK : 2313
