Sports goods OEM giant Shenzhou International Group Holdings Co., Ltd

Sports goods OEM giant Shenzhou International Group Holdings Co., Ltd announced its 2022 results recently. The financial report shows that in 2022, Shenzhou International achieved sales revenue of 27.781 billion yuan, a year-on-year increase of about 16.5%, hitting a historic high. The profit attributable to the owners of the parent company is about 4.563 billion yuan, a year-on-year increase of 35.3%.

The company believes that the growth of sales revenue in 2022 is affected by the increase in demand from major customers in international markets such as Europe and the United States. On the other hand, due to the relaxation of epidemic control by the local government in the overseas production bases of the Group, the capacity utilization has returned to normal level, and new capacity has continued to expand. In addition, the average selling price of products during the reporting period increased due to the impact of rising costs and the appreciation of the US dollar.