2024 Annual Report of Nanshan Fashion: Steady Growth with Breakthroughs in New Materials

On the evening of March 12,Nanshan Fashion released its 2024 annual report.During the reporting period,the company recorded a revenue of 1.616 billion yuan and a net income attributable to shareholders of 191 million yuan.The report highlights that while maintaining stable growth in the textile and apparel sector,the company successfully expanded into the new materials market.By creating an industrial synergy between classic wool apparel and advanced new materials,Nanshan Fashion has established a fully integrated industry-wide development framework.

The ultra-high molecular weight polyethylene fiber project generated 176 million yuan in revenue in 2024,reflecting a 94.75%year-on-year increase.The project has reached its designed capacity of 3,600 tons,with a first-grade product rate exceeding 95%,positioning its total capacity among the leading levels in China.

Meanwhile,the 80,000-ton high-performance differential nylon filament project began trial production on some production lines in November 2024.

Additionally,Nanshan Fashion plans to establish a joint venture with PT TIDEZEN NEW TEXTILE MATERIALS to launch a new apparel production and processing project in Indonesia.This initiative aims to leverage the region's abundant labor resources and favorable tax and tariff policies to build an apparel processing hub that integrates efficient production and modern management.The overseas capacity expansion plan is expected to enhance the company's competitiveness and unlock broader growth opportunities.