Zhejiang Jasan Holding Group Co., Ltd.

Zhejiang Jasan Holding Group Co., Ltd. is a globally leading vertically integrated knitwear manufacturer specializing in sports apparel production. Headquartered in Hangzhou, Zhejiang, China, the company operates production bases in China (Zhejiang, Guizhou) and Vietnam, with Vietnam now accounting for over 50% of capacity. Trading on the Shanghai Stock Exchange (stock code: 603558), Jasan Group operates exclusively as a B2B manufacturer, providing OEM/ODM services to over 30 international brands including Decathlon, PUMA, Under Armour, GAP, and Bonds. The company employs approximately 10,000 people globally and serves markets across North America, Europe, and Asia.

In fiscal year 2024, Jasan Group achieved annual sales of 2.318 billion RMB, representing 6.84% year-over-year growth, with net profit of 261 million RMB (up 20.60%). A significant milestone was reached as seamless sports apparel revenue (1.347 billion RMB, 58.1% of total) surpassed cotton socks (971 million RMB) for the first time, marking the company's successful transition toward higher-margin products. This shift toward seamless manufacturing, which offers greater technical barriers and profitability, demonstrates Jasan's strategic evolution from a traditional "cotton socks manufacturer" to a high-tech seamless apparel producer.

Jasan Group's competitive advantages lie in its full vertical integration—from yarn spinning to finishing—and its dual-production base strategy that leverages China's R&D and high-value manufacturing capabilities alongside Vietnam's cost-competitive, large-scale production. The company has cultivated over decade-long strategic partnerships with major international brands, ensuring stable order flow and high customer retention. Despite its limited brand recognition among consumers, the company is regarded as an industry benchmark and a "hidden champion" in the global sports apparel supply chain.

Looking ahead to 2025 and beyond, Jasan Group plans to deepen its seamless apparel business by advancing toward ODM/JDM models with greater design involvement, expanding automation and "smart factory" capabilities, and strengthening ESG initiatives including sustainable materials. The company is also exploring new production locations in Southeast Asia and targeting new customer segments such as emerging sports brands and outdoor companies, while maintaining its core business focus.