Crystal Knitwear Group
Founder : Kenneth Lo
Executive Summery
One of the best companies in the world that manufacture clothes is Crystal International Group Limited. The firm is famous in the industry for offering premium quality clothing products for a number of fashion brands across the globe. Based in Hong Kong, Crystal International Group is able to blend its experience and expertise in garment making with environmental considerations. The range of diverse product categories manufactured by the company, such as lifestyle wear, denim wear, intimate wear, and sportswear, makes it resistant in the highly competitive market environment.
Company Overview
Crystal International Group Limited is one of the world's top manufacturers of clothes located in Hong Kong and providing garments to a number of prominent fashion companies. Founded back in 1970, the company concentrates its activity on making clothing of different types such as lifestyle wear, denim, sportswear, intimate apparel, and knitted textiles. Having created a worldwide reputation thanks to an innovative approach and quality services, Crystal International continues operating successfully in the fashion market today.
Industry Overview
Crystal International Group Limited is a major international manufacturer of clothing, operating out of Hong Kong, that provides various internationally renowned fashion brands. Founded in 1970, Crystal International manufactures a range of lifestyle wear, denim, sports garments, intimate wear, and knitwear. Being backed by an impressive global manufacturing infrastructure and driven by its principles of innovation, quality, and sustainability, Crystal International enjoys an impeccable reputation in the fashion industry.
Financial Performance
Particular | 2025 US$’000 | 2024 US$’000 |
Revenue | 2641179 | 2469629 |
Less : Cost Of Sale | (2115482) | (1983406) |
Gross Profit | 525697 | 486223 |
Other Income Gain Or Losses | 21585 | 30360 |
Impairment Losses Reversed | 4742 | (3255) |
Selling And Distribution Exp | (43807) | (39209) |
Administrative Exp | (183515) | (181390) |
Research And Development Exp | (34560) | (32441) |
Finance Cost | (12477) | (11238) |
Share Of Result Of Associates | 854 | (940) |
Profit Before Tax | 278519 | 248110 |
Income Tax Exp | (53684) | (47282) |
Profit For The Year | 224835 | 200828 |
Other Comprehensive Exp Or Income | ||
Exchange Difference Arise | (1848) | (13667) |
Fair Value Change On Trade Receivable | 173 | (978) |
Impairment Loss On trade receivable at fair value through other comprehensive income | 4 | 55 |
(1671) | (14590) | |
Item will not be classified to profit or loss | ||
Surplus on revaluation on properties | 3611 | 10718 |
Deferred Tax Expenses | (773) | (2586) |
Other comprehensive income (Expenses) for the Year | 1167 | (6458) |
Total comprehensive Income For the Year | 226002 | 194370 |
Graphs
Chart
Key Financial Ratio
Particular | 2025 | 2024 |
Gross Profit Margin | 19.90% | 19.69% |
Pre Tax Profit Margin | 10.55% | 10.05% |
Net Profit Margin | 8.51% | 8.13% |
Cost Of Sale Ratio | 80.10% | 80.31% |
Finance Cost Ratio | 0.48% | 0.45% |
R & D Exp Ratio | 1.87% | 1.70% |
SWOT Analysis
Strengths: Crystal International enjoys advantages due to its international presence, wide selection of apparel goods, as well as cooperation with prominent international fashion companies. The company’s efficiency in production and its sustainable approach add more value to its competitive strengths.
Weaknesses: This business is heavily dependent on global consumers’ behavior; moreover, it experiences problems associated with rising labor costs, as well as increasing prices of raw materials.
Opportunities: Rising popularity of sustainable clothing, emergence of new markets in developing nations, and introduction of advanced technologies make further progress predictable.
Threats : Threats may be associated with competition in the market, global instability, consumer trends, geopolitical risks, and so forth.
Conclusion
Crystal International Group is known for remaining an innovative and trustworthy leader in the garment manufacturing industry worldwide. Having a good reputation in the market, diverse product portfolio, and environmental sustainability initiatives can be considered among several other reasons that help the company grow in the long run.
Reference
- Annual Report Crystal Knitwear Group
- Official Report Crystal Knitwear Group