Core Viewpoint - Jian Sheng Group has appointed Chen Chuaizhuang, a Vietnamese national, as Vice President, marking a significant milestone as she is the first Vietnamese executive in A-share history [1][3]. Group 1: Company Appointments - The company has appointed Yang Yong and Chen Chuaizhuang as Vice Presidents, with their terms lasting until the end of the sixth board of directors [1]. - Chen Chuaizhuang has a diverse background, including roles in various companies and has been the Executive Vice President of Jasan Socks (Vietnam) Co., Ltd. since 2014 [3][5]. Group 2: Financial Performance - In the 2024 annual report, Jian Sheng Group reported a revenue of 2.574 billion yuan, a year-on-year increase of 12.81%, and a net profit of 325 million yuan, up 20.15% [4]. - The company's sock business generated approximately 1.918 billion yuan in sales, reflecting a 15.85% increase, while seamless clothing sales grew by 25.11% [4]. - The overseas sales revenue reached 2.192 billion yuan, up 13.75%, while domestic sales were 351 million yuan, a 9.04% increase [4]. Group 3: International Expansion - Jian Sheng Group has been expanding its operations in Vietnam since 2013, establishing three production bases, with the Hai Phong base having an annual capacity of 180 million pairs of mid-to-high-end knitted socks [4]. - The company aims to leverage Vietnam's tax policies and reduce international trade barriers to enhance competitiveness [4]. Group 4: Growth in Vietnam Operations - The revenue from Jian Sheng Vietnam has shown significant growth, with 750 million yuan in 2023 and 884 million yuan in 2024, alongside profits of 63.48 million yuan and 82.83 million yuan, respectively [5]. - The appointment of Chen Chuaizhuang is seen as a strategic move to strengthen management over the Vietnam operations [5]. Group 5: Trade Relations - China is Vietnam's largest trading partner, with bilateral trade exceeding 200 billion USD for three consecutive years, and in the first nine months of 2024, it reached 190.38 billion USD, a 17.6% increase [7]. - The trade relationship is expected to continue growing due to various bilateral and multilateral trade agreements [7]. Group 6: Investment Trends - A-share listed companies are leading the investment trend in Vietnam, with numerous firms announcing plans to establish subsidiaries or factories in the country [8]. - Recent investments include companies like Yanjin Puzhi and Huaci Co., which are setting up operations in Vietnam to enhance their international competitiveness [9][10].