Yangtzekiang Garment Co. Ltd.
HHKEX:2941.12
HKD
+0.12
(+12.00%)
Yangtzekiang Garment Co. Ltd.
HKEX:294
(Hong Kong Exchange)
Recent
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1.12
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yld
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ROIC.AI
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- Business
- Yangtzekiang Garment Limited (0294.HK) manufactures and sells garments and textile products on an original equipment manufacturer (OEM) and original design manufacturer (ODM) basis. The company operates through three segments, including the manufacture and sale of garments and textiles such as men's and ladies' shirts, trousers, shorts, polo shirts, T-shirts, jackets, knitted outerwear, blouses, skirts, suits, sport shirts, casual shirts, boxers, briefs, woven and knitted pyjamas, ladies' night dresses, underwear, loungewear, other coordinates, and yarn; interests in joint ventures primarily focused on textile yarn production; and property leasing of commercial and industrial premises. It also provides garment processing services, knitting and dyeing of fabrics, and maintains production alliances with factories overseas. The company serves diversified customers in target markets spanning Europe (United Kingdom, Italy, Spain, Germany, and other countries), North America (United States and Canada), Mainland China, and other international regions, with sales offices and representatives in the U.K., Singapore, and China, as well as factories and partnerships in Hong Kong, Mainland China (Panyu, Wuxi, Guigang, Hangzhou office), Bangladesh, Myanmar, Vietnam, Indonesia, Cambodia, and historically other locations. Founded in 1949 by Dr. S.K. Chan and listed on the Hong Kong Stock Exchange in 1970, Yangtzekiang Garment Limited is headquartered at 22 Tai Yau Street, San Po Kong, Hong Kong, and employs approximately 210 staff excluding joint ventures. In recent developments, the company reported a net loss of HK$59.9 million for the fiscal year ended March 31, 2025, attributable to losses from its 49% joint venture in Wuxi No. 1 Cotton Investment Co., Ltd. (textile yarn production impacted by weak export markets, slow domestic demand, and rising costs), fair value losses of HK$6.8 million on investment properties amid Hong Kong's depressed property market, downsizing at its Panyu factory (Exquisite Knitters (Guangzhou) Limited) due to reduced orders and U.S. tariffs imposed in early 2025, and a small operating loss in its core garment segment. Revenue declined to HK$186.4 million from HK$234.3 million in the prior year, with garment sales dropping amid U.S. tariff challenges prompting order relocations to Vietnam and Indonesia, though the company maintains a healthy cash position of HK$332.1 million with no borrowings. It continues connected transactions under garment master agreements, issued a supplemental announcement to its 2023/24 annual report detailing such transactions with related entity YGM Trading Limited (formerly its spun-off retail division in 1987, now independently listed), and proposed a final dividend of HK$0.02 per share for approval at its September 26, 2025 annual general meeting.