Venture(US:VEMLY) 智通财经网·2025-06-20 13:51Industry Overview - Xiangkang Holdings is a major technical apparel manufacturer, collaborating with international high-end luxury sports and fashion brands to develop and manufacture technical apparel products [3] - The outdoor and sports technical apparel manufacturing industry in Asia is highly competitive, with over 50,000 enterprises, making it a significant production base for global technical apparel [3] - By 2029, the market size of Asia's outdoor and sports technical apparel manufacturing industry is expected to reach $67.7 billion, maintaining a stable compound annual growth rate (CAGR) of 6.2% from 2025 to 2029 [3] Company Performance - In the fiscal years 2023 and 2024, Xiangkang Holdings reported revenues of approximately RMB 1.276 billion and RMB 1.233 billion, respectively [4][5] - The gross profit for the same periods was approximately RMB 149 million and RMB 178 million, with net profits of RMB 8.26 million and RMB 41.47 million [4][5] - Xiangkang Holdings is the third-largest technical apparel manufacturer in Asia based on production value for 2024, having established long-term business relationships with over 10 international high-end luxury sports and fashion brands [3]