- Business
- Shandong Ruyi Woolen Garment Group Co., Ltd. (002193.SZ) designs, manufactures, and sells worsted woolen fabrics and apparel in China and internationally. Founded in 1972 as Jining Wool Textile Factory and headquartered in Jining, Shandong Province, the company, formerly known as Shandong Jining Ruyi Woolen Textile Co., Ltd., changed its name in June 2017 and listed on the Shenzhen Stock Exchange in December 2007. Its core products include worsted woolen fabrics such as summit series, harmony series, and creative energy series; professional suits and outfits; wool yarn; and ancillary items like raw materials processing, dyeing, weaving, and finishing services, primarily serving apparel manufacturing with brands like English Romance and Three-dimensional Pleats. Operations span China, with exports to markets including Germany, Japan, and others, supported by a fully integrated vertical production chain from wool sourcing to garment making. Recent developments include achieving profitability for fiscal year 2024 with net income forecast at CNY 6.2 million to 9.1 million, reversing prior losses; earning honors such as the 2023 Enterprise Standard Leader award, Good Laboratory recognition for fluff fiber testing, and 2024-2026 National Manufacturing Individual Champion status for pure wool fabrics; alongside periodic financial reporting corrections in 2024 and an ongoing securities regulator investigation into suspected information disclosure violations.