In the six months ended June 30, 2017, Shenzhou International's net profit of China's largest market value apparel company increased by 24.1% year-on-year to 1.798 billion yuan, sales increased by 18.9% year-on-year to 8.263 billion yuan, and gross profit margin was approximately 31.7%. . In the first half of the year, the company's sales reached 8.263 billion yuan, an increase of 18.9% over the same period of the previous year. After the results announcement, Shenzhou International's share price gapped higher, is now reported at 62.90 Hong Kong dollars, up 9.97%, the market turnover of the day was 4.5211 million shares, the latest total market value of 93.9 billion Hong Kong dollars.

The Group said in its earnings report that the increase in sales revenue was mainly due to the expansion of the production base in Vietnam, which increased the production capacity of the group, the increase in employee productivity and the increase in customer order demand, but was offset by factors such as labor costs and rising raw material prices. . Among them, the Group's sports products accounted for 66.8% of total sales, which was approximately 5.519 billion yuan, up nearly 23%, and sales of leisure products increased by 17%, but sales of underwear products fell by about 5%.

Shenzhou International is the largest vertical integrated knitting manufacturer in China, integrating four complete processes of weaving, dyeing and finishing, printing and embroidering, cutting and sewing. Core customers include Nike, Adidas, Uniqlo, Puma and other international premium brands. The sales of the top four customers in 2016 accounted for 85% of the company's total. According to the Forbes real-time rich list, the chairman of Shenzhou International, Ma Jianrong, is currently worth $5 billion.

Looking back at the development of Shenzhou International over the years, it can be seen that in recent years, its investment in research and development accounted for about 2% of the company's annual revenue. According to data released by the China Intellectual Property Office, since 2009, Shenzhou International has added 188 patents, 91 patents belong to product research and development (fabric development), and 97 items are related to productivity improvement (technical reform and equipment research and development). ). In 2013 and 2014, the peak period of its patent application for patents, in 2015 and 2016, the patent application for technology transformation and equipment research and development, which led to the company's product development and production efficiency. Over the years, Shenzhou International has higher fabric research and development capabilities than its peers, and its products have high added value.

It is worth mentioning that Shenzhou International has previously undertaken all orders for the production of Flyknit upper technology based on its own production technology advantages. It is understood that by the first half of last year, Flyknit's contribution to Shenzhou International's revenue has reached 6%, and it still accounts for more than 70% of Flyknit uppers. According to the financial report, the production base of Shenzhou International is currently distributed in Ningbo, Vietnam, Cambodia and other places, with an annual production capacity of 310 million pieces.