D Capital-invested Wiseman Listed on NEEQ
Recently, JD Capital-invested Zhuhai Wiseman Fashion Co., Ltd. (Wiseman, 833957) was officially listed on the National Equities and Exchange Quotations (NEEQ).
The leading fashion sweater producer in China
Since its founding in 1998, Wiseman has been devoted to fashion sweater businesses as an original design manufacturer (ODM) and the chain business of its ladies fashion self-brands. Now it has more than 130 such chain stores.
At present, the company has led the industry in the R&D, design, and production of fashion sweaters and become the only R&D base of fashion sweaters in China. Equipped with more than 400 advanced computer flat knitting machines, it can make a rapid delivery within 15 to 25 days, the annual sweater production volume exceeding 7 million. It is now the strategic supplier for well-known brands home and abroad, including ZARA, O'STIN, VERO MODA, ONLY, SELECTED, JACK&JONES, E-LAND and CABBEEN.
Toward an intelligent fashion producer in China
With the fast growth of China’s economy and the increasing of household income, the apparel industry enjoys a rapid development and an increasingly enlarged clothing consumption market. As of now, China has become the largest consumer of textile worldwide. According to the National Bureau of Statistics, the revenue of textiles and apparels has increased from 580.2 billion yuan in 2006 to 2076.983 billion yuan in 2014, the compound annual growth rate reaching 17.28%.
In the future, based on the advantageous resources of Wiseman and through M&A, equity participation and restructuring of related industries, JD Capital will assist Wiseman in becoming an “intelligent fashion producer” and completing the transformation and upgrading within three to five years.
As of now, 43 of JD Capital-invested companies have been listed on the NEEQ.