Profile: Ever-Glory International Group Inc (EVK.OQ)

EVK.OQ on NASDAQ Stock Exchange Global Market

13 Dec 2019
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Ever-Glory International Group, Inc. (Ever-Glory), incorporated on October 19, 1994, through its subsidiaries, is a retailer of branded fashion apparel. Ever-Glory is also a global apparel supply chain solution provider with a focus on casual wear, outerwear and sportswear brands. The Company operates through two segments: Wholesale and Retail. The Company's wholesale business consists of wholesale-channel sales made principally to brands and department stores located across Europe, the United States, Japan and People's Republic of China (PRC). Ever-Glory's retail business consists of retail-channel sales directly to consumers through retail stores located across the PRC, as well as sales through online stores at Tmall and Dangdang mall, among others. Ever-Glory services various brands and retail stores by providing a range of services of supply chain management on fabric development and design, sampling, sourcing, quality control, manufacturing, logistics, customs clearance and distribution. Ever-Glory offers apparel to woman under its own brands La go go, Velwin, idole and Sea To Sky.

Wholesale Segment

Ever-Glory manufactures a range of products in various categories for the women's, men's and children's markets. Its women's clothing offerings include coats, jackets, slacks, skirts, shirts, trousers and jeans. Ever-Glory's men's clothing offerings include vests, jackets, trousers, skiwear, shirts, coats and jeans. Its children's clothing offerings include coats, vests, down jackets, trousers, knitwear and jeans. The Company manufactures garments for a range of retail chains and international brands. Ever-Glory purchases its raw materials, including fabric, fasteners, thread, buttons, labels and related materials, directly from various local fabric and accessories suppliers in China. The Company also purchases finished goods from contract manufacturers. The Company conducts its original design manufacturing (ODM) operations through approximately six subsidiaries, which are located in the Nanjing Jiangning Economic and Technological Development Zone and Shang Fang Town in the Jiangning District in Nanjing, Jiangsu province, China, Chuzhou, Anhui province, China and Samoa: Ever-Glory International Group Apparel Inc. (Ever-Glory Apparel), Goldenway Nanjing Garments Company Limited (Goldenway), Nanjing New-Tailun Garments Company Limited (New Tailun), Nanjing Catch-Luck Garments Co., Ltd. (Catch-Luck), Chuzhou Huirui Garments Co., Ltd. (Huirui), Nanjing Tai Xin Garments Trading Company Limited (Tai Xin) and Ever-Glory International Group (HK) Ltd. (Ever-Glory HK).

Retail Segment

The Company's retail business consists of stores and store-in-stores for the Company's own-brand products. It has approximately four retail brands. Sea To Sky focuses on females between the ages of 18 to 25. La Go Go seeks to appeal to fashionable urban females between the ages of 23 to 28. Velwin targets females between the ages of 28 to 33 while idole targets females between the ages of 28 to 35. It has over 1,159 retail stores in China selling its own brand clothing. It purchases the majority of its raw materials (including fabric, fasteners, thread, buttons, labels and related materials) directly from numerous local fabric and accessories suppliers. The Company conducts its retail operations through Shanghai LA GO GO Fashion Company Limited (Shanghai LA GO GO), Jiangsu LA GO GO Fashion Company Limited (Jiangsu LA GO GO), Tianjin LA GO GO Fashion Company Limited (Tianjin LA GO GO), Shanghai Ya Lan Fashion Company Limited (Ya Lan), Shanghai Yiduo Fashion Company Limited (Shanghai Yiduo) and Xizang He Meida Trading Company Limited (He Meida).

Company Address

Ever-Glory International Group Inc

Ever-Glory Commercial Center
509 Chengxin Road
Jiangning Development Zone
NANJING   JNG   211102
P: +8625.52096831

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