reddogcasinonodepositbonus2022| Shenzhou International employee recruitment and production capacity growth: accelerated production capacity and recovery of orders drive profit expectations

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Macquarie predicts that Shenzhou International's production capacity growth will accelerate, and the number of employees is expected to reach 9.9 by the end of the year.reddogcasinonodepositbonus2022.90,000 people, revenue growth is stable, and the forecast will increase the profit forecast and target price.

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The Macquarie report pointed out that Shenzhou International expects to enjoy the benefits of restocking by brand customers in the first half of the year. Due to the low base last year, production capacity growth is expected to accelerate. To this end, China and Vietnam are expanding recruitment efforts, and the total number of employees is expected to rise to 9.5 percent by the end of the yearreddogcasinonodepositbonus2022.90,000 people. New customers such as lululemon and Polo currently contribute approximately 5% of revenue, while business diversification from existing customers also providesreddogcasinonodepositbonus2022Long-term growth potential.

Macquarie pointed out that Shenzhou International's recovery process is phased, and the group is still focusing on improving capacity utilization. Once capacity utilization approaches its limit, it is expected that the product mix will be optimized, and although revenue growth will remain stable, gross profit margins will increase. forreddogcasinonodepositbonus2022In order to maintain the stability of the Chinese employee team after the resumption of orders, the company plans to increase the salary of front-line employees in Ningbo by 10-15%.

Based on positive expectations for revenue growth, Macquarie raised Shenzhou International's 2024 - 25 fiscal year profit forecast by 2%, and raised its target price from HK$89 to HK$91, maintaining its "outperform" rating.