Want to see HK:2313 full AI Analyst Report?
Top Page
Shenzhou International Group Holdings
(2313)
Select Model
Select Model
Rating:62Neutral
Price Target:
HK$40.00
▼(-6.06% Downside)
Action:Downgraded
Date:08/27/26
The score is supported primarily by solid financial quality (strong profitability and a healthy, moderately levered balance sheet) and attractive valuation (low P/E and high dividend yield). These positives are tempered by weakening cash flow conversion and a clearly bearish technical setup (price below all key moving averages with negative MACD and oversold momentum).
Positive Factors
Vertical Integration
Vertical integration lets Shenzhou control more production stages, support quality and delivery, and capture value beyond basic assembly. This operating model can reinforce efficiency and customer retention across apparel cycles.
Negative Factors
Uneven Revenue and Margins
The repeated swings in revenue and the latest margin compression point to less consistent earnings momentum. This may limit operating leverage and make near-term profitability more dependent on order recovery and cost control.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertical Integration
Vertical integration lets Shenzhou control more production stages, support quality and delivery, and capture value beyond basic assembly. This operating model can reinforce efficiency and customer retention across apparel cycles.
Read all positive factors
Shenzhou International Group Holdings (2313) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$57.03B
Dividend Yield6.12%
Average Volume (3M)6.28M
Price to Earnings (P/E)10.5
Beta (1Y)0.87
Revenue Growth1.86%
EPS Growth-27.58%
CountryHK
Employees108,680
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)3.87
Shares Outstanding1,503,222,400
10 Day Avg. Volume5,298,385
30 Day Avg. Volume6,279,985
Financial Highlights & Ratios
PEG Ratio-2.18
Price to Book (P/B)2.20
Price to Sales (P/S)2.67
P/FCF Ratio29.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$55.08Price Target Upside29.35% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
EPS Forecast (FY)3.5
Revenue Forecast (FY)HK$31.45B
Shenzhou International Group Holdings Business Overview & Revenue Model
Company Description
Shenzhou International Group Holdings Limited, an investment holding company, manufactures and sells knitwear products in Mainland China, the European Union, the United States, Japan, and internationally. It offers knitted sportswear, casual wear,...
How the Company Makes Money
Shenzhou International makes money primarily by manufacturing knitwear products for major apparel brands on a contract basis and charging for the production and related value-added services it provides. Its revenue model is centered on (1) OEM/ODM...
Shenzhou International Group Holdings Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 30.99B | 28.66B | 24.97B | 27.78B | 23.85B |
| Gross Profit | 8.17B | 8.05B | 6.06B | 6.13B | 5.79B |
| EBITDA | 7.19B | 9.06B | 5.36B | 5.28B | 4.66B |
| Net Income | 5.83B | 6.24B | 4.56B | 4.56B | 3.37B |
Balance Sheet | |||||
| Total Assets | 56.97B | 53.11B | 48.61B | 43.49B | 42.13B |
| Cash, Cash Equivalents and Short-Term Investments | 28.06B | 25.04B | 16.87B | 13.73B | 12.16B |
| Total Debt | 14.88B | 12.93B | 12.26B | 9.31B | 10.72B |
| Total Liabilities | 19.46B | 17.25B | 15.74B | 12.73B | 14.35B |
| Stockholders Equity | 37.51B | 35.85B | 32.87B | 30.75B | 27.77B |
Cash Flow | |||||
| Free Cash Flow | 2.81B | 3.40B | 4.14B | 3.39B | 1.41B |
| Operating Cash Flow | 5.55B | 5.27B | 5.23B | 4.63B | 3.59B |
| Investing Cash Flow | 912.38M | -3.47B | -1.38B | -371.33M | -6.41B |
| Financing Cash Flow | -1.56B | -2.65B | 333.22M | -3.91B | 1.32B |
Shenzhou International Group Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$20.13B | 10.94 | 14.47% | 5.87% | 4.21% | 9.77% | |
64 Neutral | HK$3.18B | 11.57 | 9.33% | 4.00% | -1.56% | 53.99% | |
62 Neutral | HK$57.03B | 10.51 | 12.10% | 6.06% | 1.86% | -27.58% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$1.47B | 8.68 | 3.28% | 8.85% | -7.87% | 38.45% | |
58 Neutral | HK$341.26M | 9.57 | 2.87% | ― | 0.41% | ― | |
53 Neutral | HK$1.31B | 16.11 | 2.83% | 10.10% | -0.86% | -50.37% |
* Consumer Cyclical Sector Average
HK:2313
Shenzhou International Group Holdings
36.94
-18.31
-33.14%
HK:1382
Pacific Textiles Holdings
0.96
-0.43
-31.03%
HK:0321
Texwinca Holdings
1.01
0.29
40.67%
HK:0311
Luen Thai Holdings Limited
0.33
0.12
55.66%
HK:2199
Regina Miracle International (Holdings) Limited
2.66
0.95
55.92%
HK:2232
Crystal International Group Limited
7.09
0.69
10.81%
Shenzhou International Group Holdings Corporate Events
Shenzhou International Profit Slumps as Sportswear Weakens, Dividend Cut
Aug 25, 2026
Shenzhou International reported interim revenue of RMB14.18 billion for the six months ended 30 June 2026, down 5.3% year on year, as sportswear sales declined 10.7% and their share of total sales fell to 63.8%, while casual wear and lingerie grew...
Shenzhou International Declares Interim Dividend of HKD 0.88 per Share
Aug 25, 2026
Shenzhou International Group Holdings Limited has declared an interim ordinary cash dividend of HKD 0.88 per share for the six-month period ended 30 June 2026, for the financial year ending 31 December 2026. The announcement underlines the company...
Shenzhou International Warns of Up to 43% Drop in First-Half Profit on FX and Cost Pressures
Aug 7, 2026
Shenzhou International Group Holdings has issued a profit warning, saying profit attributable to owners for the six months ended 30 June 2026 is expected to drop by about 38% to 43% from roughly RMB3.18 billion a year earlier. The decline is mainl...
Shenzhou International Sets August Board Meeting for Interim Results and Dividend Plan
Jul 20, 2026
Shenzhou International Group Holdings Limited, a Cayman Islands-incorporated textile and garment manufacturer listed on the Hong Kong Stock Exchange, serves global apparel brands through an established board of five executive and four independent ...
Shenzhou International Shareholders Approve AGM Resolutions and Final Dividend
May 27, 2026
Shareholders of Shenzhou International Group Holdings approved all resolutions at the annual general meeting held on 27 May 2026, with poll voting covering financial statements for the year ended 31 December 2025, the re-election of key executive ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.