Core Insights - The company South Mountain Zhishang has established a complete industrial chain from wool processing to high-end custom clothing production, showcasing the integration of wool apparel and new materials [1][2]. Group 1: Wool Apparel Industry Chain - South Mountain Zhishang produces 16 million meters of high-end worsted wool fabric and 750,000 suits annually [2]. - The company has seen a year-on-year increase in order volume since 2020, indicating a growing demand for customized clothing [2]. - Customized clothing, while having a higher overall cost and price, offers a relatively good profit margin compared to the generally low gross margins in the textile and apparel industry [2]. Group 2: New Materials Industry Chain - The company has achieved full production capacity of 3,600 tons of ultra-high molecular weight polyethylene fiber, with an 80,000-ton nylon project entering the market phase [2]. - The nylon fiber developed by the company is characterized by high strength, wear resistance, and comfort, making it suitable for various consumer applications [5]. - The integration of wool and nylon in the company's sportswear line combines durability and moisture-wicking properties, reflecting the synergy between the two industrial chains [5]. Group 3: Product Development and Market Reach - South Mountain Zhishang is exploring the feasibility of integrating ultra-high molecular weight polyethylene fibers into outdoor products, such as hiking shoes, which are gaining popularity due to their wear-resistant and cut-resistant features [5][7]. - The company focuses on health, comfort, personalized customization, and low-carbon environmental trends in its product development, with high-performance differentiated nylon products being exported to Southeast Asia, Europe, and the Americas [5][7]. - The ultra-high molecular weight polyethylene fiber is recognized as a third-generation high-performance fiber, with applications in special protection, marine ropes, and robotic transmission systems [7].

Core Viewpoint - The company Nanshan Zhishang Technology Co., Ltd. is developing two major industrial chains: wool clothing and new materials, showcasing a trend of integrated development in the textile industry [3]. Group 1: Wool Clothing Industry Chain - Nanshan Zhishang produces 16 million meters of high-end worsted wool fabric and 750,000 suits annually [3]. - The company has seen a year-on-year increase in order volume since 2020, indicating a growing demand for customized clothing [3]. - Customized clothing, while having a higher overall cost and price, offers a relatively good profit margin compared to the generally low gross margins in the textile and apparel industry [3]. Group 2: New Materials Industry Chain - The company has achieved full production capacity of 3,600 tons of ultra-high molecular weight polyethylene (UHMWPE) fiber, with an 80,000-ton nylon project entering the market phase [3]. - UHMWPE fiber is recognized as a third-generation high-performance fiber, following carbon and aramid fibers, and is used in high-value applications such as special protection and marine rope networks [7]. - The company is exploring the integration of UHMWPE in various products, including outdoor hiking shoes and jackets, to meet diverse market needs [5]. Group 3: Product Development and Market Reach - Nanshan Zhishang's wool sports series products utilize a wool-nylon blend, combining durability and moisture-wicking properties, reflecting the integration of its two main industrial chains [5]. - The company focuses on health, comfort, personalized customization, and low-carbon environmental trends in its product development [5]. - Nanshan Zhishang's high-performance differentiated nylon products are exported to over a dozen countries and regions, establishing long-term strategic partnerships with numerous domestic and international enterprises [5].