JiangSu Kingfield Co.,Ltd is a listed company invested by foreign capital which is original from NanTong Kingfield Co., Ltd since 8th Jan 2007.
As one of the biggest manufacturers (OMD & OBM) for US medium and high class women’s fashion in China with an annual output around 190,000,000 pcs in 2007. The proportion of ODM export to American is nearly 100%, in recently years, by right our powerful fabric development ability, excellent oversea customers, strict quality management system, acute and quick response to the market and Scalization manufactory. Our company established steady cooperation relations with JonesApparel Inc (World TOP 500) Itemeyes Inc, E-lo sports wear LLc, Zaralo Llcand and so on, the outstanding achievement increases rapidly and steadily. According to Annual Report on China’s International Trade in Textiles and Clothing (2005\2006) and Annual Report on China’s International Trade in Textiles and Clothing (2006\2007) the amount of exports to US of our company(production-oriented enterprise) gets the fourth all over the country both in 2005 and 2006.
In June 2007, our company purchased American garment enterprise Lanco Apparel LLc and Lanco trademark LLc,Lanco. Holding the right of three American garment brands (“NINA LEONARD” “NINA LEONARD DRESS” and “LENNIE FOR NINA LEONARD”) and has already established steady sale channel with JC PENNY WAL-MART and MACY. Also have long term cooperation with QVC. The amount of OBM took up 11.38% in 2007’s Revenue. Through the purchase of Lanco and transfer our business from ODM to OBM steps by step. We are going to create an integrated line from brand, fashion design to manufacture and build a strategy of brandlization, Scalization and internationalization, trying to be a highly competitive company in the international market.
In recently years, our company is developing quickly. The income from 2005 to 2007 are 329,387,692.10RMB, 529,176,964.93RMB and 716,106,765.81RMB and increased by 42.84%, 61.14% and 35.32% within the same period., the retained profits are 32.958.434.56RMB,47,359,166.24RMB, and 61,166,722.46RMB and increased by 88.10%, 43.69% and 29.15% within the same period.
Our company came into the market in the ShenZhen stock exchange in 22nd, May 2008 and issue 34000 thousands stocks and the stock code is 002239.
Thanks to the advantage of capital market and long-range management strategy. We will build our competitiveness in design, brand and fabric development, channel of sale and scalization. And we will try to upgrade our annual output to 50000 thousands pcs in the recent two or three years and annual sales revenue reaches 15-20 billion yuan.
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