Evergreen Products Group Limited
Evergreen Products Group Limited is a Hong Kong-headquartered, publicly listed manufacturer of hair accessories including extensions and wigs. Founded in 1962 with 10,000+ employees, it ranks among three leading companies in the $4.13 billion global hair extensions market.
- Company typePrivate
- Founded1962
- HeadquartersNew Territories, Hong Kong SAR China
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Evergreen Products Group Limited does
Evergreen Products Group Limited, founded in 1962 and headquartered in the New Territories of Hong Kong, is a publicly listed manufacturer of hair accessories operating in the global beauty and personal care sector. The company is identified as one of three market-leading players — alongside Beauty Industry Group Inc. and Shake-N-Go Inc. — in the global hair extensions market, which was valued at $4.13 billion in 2025 with projected growth to $5.88 billion by 2030. With more than 10,000 employees, Evergreen operates as a large-scale manufacturing entity and is listed on the Hong Kong Stock Exchange under ticker 1962.
The company's product portfolio centers on hair extensions and related hair accessories, with manufacturing scale as its primary operating model. Leadership comprises CEO Youcang Zhang, founder Chih Lung Chang, and a board of executive and financial directors covering operational and financial oversight, including named executive directors Yanbo Li, Youlong Guo, Ziying Jia, Beiyi Liang (financial director), Guoqiang Chen, and Rongji Xu. The company serves wholesale and retail customers across the global hair products value chain, though specific distribution channels, customer segments, and pricing models are not disclosed in the available data.
Reported revenue figures spanning 2021–2025 range from approximately $125 billion to $155 billion, with the company showing top-line contraction from 2021 through 2023 followed by partial recovery in 2024–2025. Net income ranged from $3.9 billion to $8.5 billion over the period, and EBITDA contracted from $18.88 billion in 2022 to $13.73 billion in 2025. These disclosed financial figures are materially larger than third-party sizing of the global hair extensions market ($4.13 billion), indicating the company likely has revenue streams beyond pure hair extensions, or that the figures reflect unit/scale mismatches in the disclosed data.
Evergreen Products Group Limited firmographics
Firmographics- Name
- Evergreen Products Group Limited
- Website
- https://epfhk.com
- Company type
- Private
- Founded year
- 1962
- Headcount range
- 5,001–10,000 employees
- Short description
- Evergreen Products Group Limited is a Hong Kong-headquartered, publicly listed manufacturer of hair accessories including extensions and wigs. Founded in 1962 with 10,000+ employees, it ranks among three leading companies in the $4.13 billion global hair extensions market.
- Ownership category
- akta.pro rank
Evergreen Products Group Limited industry classification
Industry- Product category
- Hair Products Manufacturing
- NAICS
- Cosmetics, Beauty Supplies, and Perfume Retailers (456120)
- SIC
- Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300)
- akta.pro primary industry
- Hair Extensions, Wigs & Hairpieces (CRABABAH)
- akta.pro secondary industries
- Hair & Wig Replacement Systems (Hairpieces/Toupees) (HSALAAAK), Hair Accessories (Headbands, Clips, Scrunchies) (CRAAAJAI)
Keywords
Where Evergreen Products Group Limited is headquartered
LocationHeadquarters
- HQ city
- New Territories
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Markets served
Evergreen Products Group Limited business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales
Evergreen Products Group Limited product offering
Product offeringCore offering
Evergreen Products Group Limited manufactures hair accessories, operating as one of three leading companies in the global hair extensions and wig market. The company produces hair extensions and related hair products for the beauty and personal care sector, with manufacturing operations based in Hong Kong and a workforce of more than 10,000 employees.
Product overview
Evergreen Products Group Limited is identified as a leading company in the global hair extensions and wig market. The company operates in the beauty and personal care sector, specializing in hair extensions and related hair products. Based on the available source data, no specific individual product names, product portfolio details, or product architecture information (platform vs. modules) could be extracted from the provided sources.
Differentiator
Problem solved
Functional benefit
Products and services
- Hair Extensions
- Wigs
- Hair Accessories
Companies that use Evergreen Products Group Limited
Customer profileIdeal customer profiles1 record
Evergreen Products Group Limited technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Evergreen Products Group Limited partnerships and signals
Strategic signalScale indicators2 records
Recent moves2 records
Expansion highlights1 record
Evergreen Products Group Limited competitors and assessment
Company assessmentBroad incumbents
- L'Oréal Group: World's largest beauty company with extensive hair care, hair color, and styling portfolios. Comparable to Evergreen as a broad incumbent in the global hair and beauty industry, though operating at vastly larger scale and across many categories.
- Godrej Consumer Products: Large diversified personal care and beauty conglomerate operating across hair care, soaps, and household products. Comparable to Evergreen as a broader beauty/personal care player with hair-related product lines, though with much wider portfolio scope.
- Revlon Inc. Global beauty conglomerate with hair care and hair color product lines. Comparable to Evergreen as a larger, broader-incumbent player in the beauty industry with overlapping hair-related categories.
- Henkel AG (Schwarzkopf): Multinational consumer goods company with the Schwarzkopf professional hair care brand. Comparable to Evergreen as a broad beauty/hair care incumbent with presence across professional and retail channels.
Direct peers
- Beauty Industry Group Inc. One of the three identified market leaders in the global hair extensions market alongside Evergreen. Directly comparable as a manufacturer and distributor of professional hair extensions with overlapping product portfolio and customer base.
- Shake-N-Go Inc. One of the three identified market leaders in the global hair extensions market alongside Evergreen. Directly comparable as a hair extensions manufacturer serving both retail and professional salon channels.
- Aderans Co., Ltd. Global manufacturer of wigs, hairpieces, and hair-related products. Highly comparable to Evergreen due to overlapping product portfolio in wigs and hair extensions, serving similar consumer and professional markets.
Emerging players
- Hairdreams: European-based manufacturer of hair extensions and thickening systems. Comparable to Evergreen as a specialized hair extension brand serving both retail and salon distribution.
- Great Lengths: Specialist in professional hair extensions with salon-distribution focus. Comparable to Evergreen as a premium hair extensions brand, though with a narrower, professional-channel focus.
- Balmain Hair: Luxury hair extensions and wigs brand leveraging the Balmain fashion house. Comparable to Evergreen in product category (hair extensions/wigs), though positioned at premium end with fashion-house brand backing.
Market position
Strengths3 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights4 records
Customer concentration
Evergreen Products Group Limited social profiles
Digital presenceEvergreen Products Group Limited financial estimates
Financial estimateRevenue estimate
Valuation estimate
Evergreen Products Group Limited leadership team
Management profileNumber of profiles
Profiles8 records
Evergreen Products Group Limited funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Evergreen Products Group Limited M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Evergreen Products Group Limited
What does Evergreen Products Group Limited do?
Evergreen Products Group Limited manufactures hair accessories, operating as one of three leading companies in the global hair extensions and wig market. The company produces hair extensions and related hair products for the beauty and personal care sector, with manufacturing operations based in Hong Kong and a workforce of more than 10,000 employees.
Is Evergreen Products Group Limited a public or private company?
Evergreen Products Group Limited is a private company. It is classified as public.
When was Evergreen Products Group Limited founded?
Evergreen Products Group Limited was founded in 1962. It employs 5,001 to 10,000 people.
Where is Evergreen Products Group Limited based?
Evergreen Products Group Limited is headquartered in New Territories, Hong Kong SAR China, in the Asia region.
Who are Evergreen Products Group Limited's main competitors?
Broad incumbents on record are L'Oréal Group, Godrej Consumer Products, Revlon Inc. and Henkel AG (Schwarzkopf). Direct peers are Beauty Industry Group Inc., Shake-N-Go Inc. and Aderans Co., Ltd.. Emerging players are Hairdreams, Great Lengths and Balmain Hair.
Does Evergreen Products Group Limited have an API?
No public API is recorded for Evergreen Products Group Limited.
What industry is Evergreen Products Group Limited in?
Evergreen Products Group Limited's product category is Hair Products Manufacturing. Its primary akta.pro industry code is CRABABAH, Hair Extensions, Wigs & Hairpieces, with a secondary code of HSALAAAK, Hair & Wig Replacement Systems (Hairpieces/Toupees). Its NAICS code is 456120 and its SIC code is 2300.