Organity estimates to discontinuity or causes 17 million losses to Ningbo's jacket production capacity, accounting for 3% of the whole year, involving Nike, Adidas, Hummer and other customer orders, need to gradually make up by work through overtime.

After a week, Shenzhou International Group Holdings Co., Ltd. (hereinafter referred to as "Shenzhou International", 02313.HK) began to resume production.

On January 10, Shenzhou International Release Announcement, benefiting from the epidemic situation in Beilun District, Ningbo, has been effectively controlled, from 11 o'clock in the morning of January 8, the company's clothing five and the anti-communkets The control area is adjusted to the control area by the previous sealing zone. At present, the three parts of the garment and some employee dormitory are still in the sealing area.

Since January 10, 2022, in addition to the garment factory in the epidemic management area and the sealing area, the dyeing and finishing factories are still suspended, and the Shenzhou International is located in the factory in the epidemic prevention zone including the weaving plant, dyeing and finishing factories. The mooring plant outside the printed factory and the accessories and the prevention and control area began to resume production operations.

On January 3, a week, Shenzhou International issued an announcement that in view of the recent epidemic in the region where the Group Ningbo production base is located, in order to prevent the spread of the epidemic and aggravation, the local government has adopted epidemic control measures in the first time, and announced The Group is located in some production areas of Beilun District, Ningbo.

Affected by the news, after the opening of the day, the Shenzhou International Shares fell 10% and the minimum number of HK $ 134.6. Carananic report believes that Nashi International has been discontinued from the epidemic from the region where the Ningbo production base is located, according to past records, stock prices or adjustments, but Citi believes that fluctuations will not be large. Even if you are suspending, it is just something in the short term.

Anshiza International is known as the textile and manufacturing of Foxconn, which is the largest knitted garment export company in China, and the world's largest knitting manufacturer, including Nike, Adidas, Hummer and Uniqlo. In recent years, Shenzhou International has also begun to gradually expand domestic customers, such as Anta, Li Ning, special step. The company's 2015 -2019 income annual compound growth is 15.7%, which is higher than 6.2% of the global sports shoes market. Under the 2020 epidemic, the company's income increased by 1.7% to 2.306 billion yuan.

Nashi International official website showed that its main production base is located in Ningbo Economic and Technological Development Zone, and also has a fabric base in Xining, Vietnam, and strategically in Anqing City, China, Ho Chi Minh City and Xining Province and Cambodia There is a garment plant, and in Shanghai, Osaka has a sales office or representative office.

In 2021, the report showed that the company's operating income was 11.369 billion yuan, an increase of 11.1% year-on-year, and the net profit of return was 2.226 billion yuan, a year-on-year decreased by 11.4%. The company explained that the decline in profitability is mainly due to the decrease in government awards and the increase in exchange losses.

Disclosed, the company's domestic jacket production can account for about 60% of the total production capacity of global garments, including 20% of Anhui base and 40% of Ningbo base, and 3 departments in the sealing area in Ningbo capacity account for 20%.

Sky Breeze Securities is estimated, stopped production, or caused 17 million losses to Ningbo's garment production capacity, accounting for 3% of the whole company's garment capacity, involving Nike, Adidas, Hummer and other customer orders, need to gradually pass through overtime after year make up.

The reporter noticed that before, it was also affected by the epidemic, and the factory in Cambodia and Vietnam was also suspended. At present, the company's overseas production capacity is basically recovery.

Sky Breeze Securities is an optimistic release and recruitment of recruitment of Shenzhou International Ming. The agency said that the current capacity of Vietnam and Cambodia has returned to normal. Deli's clothing worker is restored to 80% + Deli fabric and the World Tong's garment factory have returned to 95% +, and 2022 is expected to be better.