Shenzhou International Group Holdings Limited
2313Company Overview
Shenzhou International Group Holdings Co., Ltd. (“Shenzhou International”) and its subsidiaries (collectively, the “Group”) is one of the world's largest vertically integrated knitwear manufacturers, and mainly manufactures high-quality knitwear for customers through a combination of OEM (OEM) and contract design (ODM). The Group's fabric production base is located in the Ningbo Economic and Technological Development Zone in China and Xining Province, Vietnam, and strategically has garment factories in Ningbo City and Anqing City in China, Ho Chi Minh City and Xining Province in Vietnam, and Phnom Penh, Cambodia, and has sales offices or representative offices in Shanghai, Hong Kong and Osaka. Currently, the Group has about 94,340 employees, and the plant covers an area of over 6.44 million square meters, a construction area of over 4.66 million square meters, and produces about 500 million pieces of knitwear of all kinds. The Group mainly produces knitted sporting goods, casual wear and underwear. The main customers include well-known international brand customers such as NIKE, UNIQLO, ADIDAS and PUMA. The product market covers mainland China, Japan, Asia Pacific, Europe and the US. To achieve the goal of being the world's most competitive enterprise in knitwear production, Shenzhou International successfully listed on the main board of the Hong Kong Stock Exchange Limited (“Stock Exchange”) in November 2005. The Company's stock code is 2313 and has been included in the Hang Seng Composite Index, Hang Seng Composite Industry Index (Consumer Goods) and Hang Seng Composite Mid-Cap Index since March 8, 2010. Since June 1, 2013, Shenzhou International has been included in the MSCI MSCI Index. At the same time, it has been included in the Hang Seng Sustainability Enterprise Benchmark Index series since September 2015. Furthermore, the Group was officially included as a constituent stock of the Hang Seng China Enterprise Index on March 5, 2018, and officially included as a constituent stock of the Hang Seng Index on September 10 of the same year. In April 2018, the Group was selected by China Trading Services Limited (“China Trading Services”) as one of the constituent companies of the China Trading Services Belt and Road Index in recognition of the Group's contribution to the Belt and Road Initiative. Since March 2021, Shenzhou International has been included in the Hang Seng Hong Kong Stock Connect High Shareholding 50 Index. Shenzhou International was selected as one of the “Best Small and Medium Listed Companies” by Forbes Asia in 2010. Shenzhou International was selected by Caihua News and Tencent as one of the top 100 listed companies in Hong Kong in 2012, 2015 and 2016. Furthermore, in November 2015, Shenzhou International was selected by Dagongbao as one of the best listed companies for corporate governance in 2015, and in 2017, Shenzhou International was also selected by Dagongbao as one of the 2017 Best Listed Companies for Investor Relations Management. Meanwhile, in 2015 and 2018, Shenzhou International was selected by Asia Weekly as the largest private enterprise by market capitalization in the Hong Kong Stock Market Ranking of the Mainland China Enterprises Group. Furthermore, Shenzhou International was selected as the 2016 Outstanding Enterprise Award in the 2016 DHL/South China Morning Post Hong Kong Business Awards. In 2017, 2019, 2020 and 2021, Shenzhou International won the “Best Investor Relations Company (Large Cap Category)” award at the 3rd, 5th, 6th, 7th and 8th Hong Kong Investor Relations Awards organized by the Hong Kong Investor Relations Association. Also, in 2018, Shenzhou International was selected by “Forbes Asia” as one of the “2018 Top 50 Listed Companies in Asia”. Meanwhile, in 2018, Shenzhou International was selected as the “2018 Listed Company Award (Apparel Category)” by Hong Kong Business magazine. Additionally, Shenzhou International won the “AM 730” and the “Outstanding Listed Company Award 2018” from Asia PR and Lucent in 2018. Shenzhou International was selected by the Hong Kong Chamber of Commerce for Listed Companies in 2018 as the “2018 Hong Kong Corporate Governance Excellence Award: Sustainable Development Excellence Award”; it also won the “2018 Hong Kong Stock Listed Company Golden Lion Award: Best Listed Company” from Sina Finance; and the “8th China Securities Golden Bauhinia Award: Most Valuable Listed Company” from Dagung Pao. Furthermore, Shenzhou International was awarded the blue-chip “Hong Kong Outstanding Enterprise 2020” award by Economic Week in 2020. In 2019, 2020, 2021 and 2022, Shenzhou International was selected as the “Listed Company Excellence Award” by “Xinbao Financial News” respectively.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Name | Shenzhou International Group Holdings Limited |
Ticker | 2313 |
Main Business | Textile Manufacturing |
Type | Common Stock |
Industry | Textile Manufacturing |
Country | HK |
Market Cap | $15.46 B |
Shariah Analysis Breakdown
Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
---|---|---|---|
Sportswear | $20,869,553,000.0 | $0.0 | - |
Casual wear | $5,751,836,000.0 | $0.0 | - |
Lingerie wear | $819,133,000.0 | $0.0 | - |
Other knitwear | $340,890,000.0 | $0.0 | - |
Government grants | $172,632,000.0 | $0.0 | - |
Interest income | $278,126,000.0 | $278,126,000.0 | - |
Rental income | $33,651,000.0 | $0.0 | - |
Dividend income from equity investments at fair value through other comprehensive income | $109,000.0 | $0.0 | - |
Total | $28,265,930,000.0 | $278,126,000.0 | 0.98% (passed) |
Liability Item | Value ($M) | % of Market Cap |
---|---|---|
bank loans and overdrafts | $1,428,571,428.6 | 9.24% |
long term bank loan | $266,106,442.6 | 1.72% |
Total Interest-Bearing Debt | $1,694,677,871.1 | 10.96% |
Market Capitalization | $15,461,538,461.5 | 100.00% |
Compliance Status | Threshold: 33% | passed |