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01657 SG GROUP HLDGS

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  • 4.750
  • +0.020+0.42%
Market Closed Mar 28 16:08 CST
152.00MMarket Cap-6795P/E (TTM)

About SG GROUP HLDGS Company

We are a clothing design and procurement service provider for branded fashion retailers. Our clothing design and procurement services include: (i) design and development, involving: (a) providing an in-house design series for the exhibition to be selected by customers. (b) Tailor-made designs according to customer specifications and requirements; (c) providing design ideas and suggestions on initial designs provided by customers to improve products; (ii) identifying suppliers from approved supplier lists, which are responsible for procuring raw materials and producing clothing products for customers; (iii) production and logistics management, involving monitoring the production process of approved suppliers and arranging delivery of clothing products to customers; and (iv) quality certification, involving external inspection agencies to test clothing products and sample inspection at various stages of production. Our customers mainly include internationally renowned brands (i) fashion retailers such as Monsoon, East, Dunnes, Crew, and Long Tall Sally; and (ii) online fashion retailers, namely ASOS, Lamoda, and Zalando. Most of our major customers have confirmed that we are one of their biggest suppliers. The director believes that the description of one of the leading or largest suppliers refers to the largest supplier of women's clothing in Asia or in terms of customer procurement costs (note). We deal directly with customers and do not operate our business through any purchasing agents. During the performance period, the clothing products we purchased for our customers were women's clothing or children's clothing, and most of the revenue came from sales to UK customers, accounting for about 91.5% and 92.3% of total revenue, respectively. For the years ended April 30, 2015 and April 30, 2016, revenue was approximately HK$140.3 million and HK$158.8 million respectively, an increase of approximately 13.2%. For the years ended April 30, 2015 and April 30, 2016, profit was approximately HK$7.6 million and HK$17.5 million respectively, an increase of approximately 131.0%. We believe opening our showroom in the UK and expanding our Hong Kong showroom during our track record period will help drive our growth. Customers usually visit our showroom regularly to check out our new clothing products. Specifically, the British exhibition hall makes it easier for British customers to view the latest fashion designs, and also speeds up the overall design discussion process with customers. For example, one of our UK clients successfully launched their bridal collection, and the style was selected from our in-house designed bridal collection displayed in our UK showroom. In order to concentrate resources to provide fashion design and procurement services and reduce manufacturing and labor costs, we outsource capital and labor-intensive production processes to approved suppliers. During the track record period and until the last practical date, we have established close and stable relationships with major Chinese approved suppliers of apparel products. The directors believe that compared to manufacturers in other developing countries in Asia, Chinese manufacturers as a whole are capable of manufacturing sophisticated and high-value-added products, and Hong Kong's proximity to mainland China allows us to closely monitor the overall production process for which authorized suppliers are responsible. We have established internal guidelines and policies to manage the process of evaluating and selecting new suppliers and to monitor the continued performance of approved suppliers.

Company Profile

Symbol01657
Company NameSG GROUP HLDGS
ISINKYG8061B1077
Listing Date03/20/2020
Founded10/08/2015
RegistrationCayman Islands
ChairmanJingting Cai
SecretaryPeiqi Zhu
Audit InstitutionDeber & Berg Certified Public Accountants Ltd
Company CategoryOther
Registered Office4th Floor, Harbour Place 103 South Church Street P.O. Box 10240 Grand Cayman, KY1-1002 Cayman Islands
Head Office and Principal Place of BusinessUnit B, 9th floor, Mayfair Industrial Building, 1-7 Wah Sing Street, Kwai Chung, New Territories, Hong Kong
Fiscal Year Ends04-30
Employees44
MarketHong Kong motherboard
Phone(+ 852)2756 8980
Emailcharleschoi@jcfash.com
Business Huaxin Holdings Co., Ltd. is an investment holding company mainly engaged in clothing design and procurement. The company operates through two divisions. The Apparel Products Supply segment supplies apparel products and provides design and procurement services to fashion retailers. The Advisory Services segment provides advisory services to manufacturers, including assisting them in meeting the requirements of corporate social responsibility standards, providing predictive analysis of fashion trends, design specifications, and introducing potential customers. The company's apparel products include women's, children's and men's clothing.

Company Executives

  • Name
  • Position
  • Salary
  • Jingting Cai
  • CEO,Remuneration Committee Member,Chairman,Compliance Officer,Executive Director,Authorized Representative,Nomination Committee Chairman
  • 980.00K
  • Qingcheng Cai
  • Executive Director,Head of Design and Development Team
  • 126.00K
  • Guohong Li
  • Audit Committee Chairman,Chairman of the Risk Management Committee,Independent Non-Executive Director
  • 120.00K
  • Cunzhou Yang
  • Risk Management Committee Member,Nomination Committee Member,Remuneration Committee Chairman,Audit Committee Member,Independent Non-Executive Director
  • 120.00K
  • Cüneyt Bülent Bilaloglu
  • Nomination Committee Member,Remuneration Committee Member,Independent Non-Executive Director,Audit Committee Member,Risk Management Committee Member
  • 120.00K
  • Yanxia Ma
  • Procurement and Resources Manager
  • --
  • Huiqing Liu
  • financial management,The Group's Accounting Manager
  • --
  • Limei Li
  • Administration and Human Resources Manager
  • --
  • Xuming Yu
  • Quality Assurance Manager
  • --
  • Peiqi Zhu
  • Company Secretary,Authorized Representative
  • --

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