Morningstar - Shenzhou International Group Holdings Limited (02313) Shenzhou benefits from entrenched relationships to remain as the top supplier for sportswear giants.

Report

Morningstar

Ivan Su

EUR 100.00 For Business Accounts Only

Shenzhou benefits from entrenched relationships to remain as the top supplier for sportswear giants.

Shenzhouâ€™s net profit narrowly missed forecast as result of currency headwind in the first half of 2018. The companyâ€™s outlook is within our expectations, with business expansion mainly driven by sales volume growth of 15%. However, 4% setback in average selling price (ASP) as a result of a strong CNY during the first half brings total revenue growth to 11% for the period. We are maintaining our HKD 76 fair value estimate on Shenzhou and view company shares as overvalued at current levels.
Whil...

27/08/2018 12 EN

Underlying

Shenzhou International Group Holdings Limited

Shenzhou International Group Holdings is an investment holding company. Through its subsidiaries, Co. is principally engaged in the manufacturing of knitwear on an Original Equipment Manufacturer basis. Co. focuses on producing sport wear and casual wear with major international clients including UNIQLO, ADIDAS NIKE, and PUMA. In addition, Co. is involved in property leasing in Hong Kong; import and export of commodities in China and Hong Kong; property management in China; trading company in Macau, Japan and China; and retail in China.

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KYG8087W1015 Hong Kong Stock Exchange Cayman Islands

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Ivan Su

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Shenzhou benefits from entrenched relationships to remain as the top supplier for sportswear giants.

Shenzhou International (2313 HK): 1H25: Better-than-expected topline but gross margin remains a concern.

Greater China Daily: Thursday, August 28, 2025

Shenzhou International Group Holdings: 1 director

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Sasol Provides Full-Year Production Update

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