隐秘巨头,把代工做成了“神话”

投资界
09 Jun

有这么一家神奇的公司。它身处市场极度饱和、竞争极其激烈的服装代工,是低成本、低价值、低利润的典型产业,却凭借一己之力,把这门公认的“苦差事”做成了“三高”生意——营收高、利润高、利润率高,成为港股中的千亿*。虽是一家代工厂,这家代工厂的净利润率却高于它代工的所有知名品牌。以2023年为例,优衣库、耐克和安踏的净利润率分别为15.6%、9.96%和16.4%,而它的净利润率却能达到18.2%。...

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