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Fountain Set

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uuid003djjo

Namestring
Fountain Set
Legal namestring
Fountain Set (Holdings) Limited
Websiteurl
fshl.com
Company typeenum
Public
Founded yearint
1969
Descriptiontext

Fountain Set (Holdings) Limited is a Hong Kong-headquartered, publicly listed (HKEX: 420) circular knitted fabric manufacturer with operations traceable to 1969 and a workforce of 10,000+ employees. The group operates through wholly-owned production subsidiaries at Shatin Lake Side (Hong Kong), Jiangyin Fuhui (mainland China) and Yancheng Fuhui (mainland China), and is investing in a $100 million, 200,000-square-metre greenfield textile complex in Egypt intended to serve European and African markets. Its core activity spans fabric knitting, dyeing, printing, and finishing — a low-margin, volume-driven segment of the textile value chain.

Fountain Set's product is circular knitted fabric sold on a B2B basis to apparel brands and textile converters. The company does not market branded software products or modules; its commercial surface is its manufacturing capacity and the certifications attached to it. It has built a sustainability-anchored operating profile, holding IAF Environmental Management System certification (Shatin Lake Side and Yancheng Fuhui) and IAF Energy Management System certification (Jiangyin Fuhui), and its Shatin Lake Side site received the WWF Low Carbon Manufacturing Programme Gold Label for 2015-2017. Fountain Set has published annual Environmental, Social and Governance reports every year from 2016 through 2025, and a Sustainability and Corporate Social Responsibility Committee has been in place since 2009.

Fountain Set runs a direct B2B sales model, with contract/quote-based pricing to enterprise buyers, and reaches customers in Asia, Europe, and Africa. Revenue contracted sharply from a 2021 peak through 2023, then stabilized in 2024-2025, while net income recovered from a 2022 loss to positive territory by 2025. The Egypt project is the most significant forward-looking capital deployment, representing both a geographic hedge away from concentrated China capacity and a stated platform for European and African market expansion.

Short descriptiontext

Fountain Set (Holdings) Limited is a Hong Kong-listed (HKEX: 420) circular knitted fabric manufacturer with 10,000+ employees and production sites in Hong Kong and mainland China, serving apparel and textile customers across Asia, Europe, and Africa.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersHong Kong, Hong Kong SAR China
HQ citystring
Hong Kong
HQ countrystring
Hong Kong SAR China
HQ regionstring
Asia
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
circular knitted fabric, textile manufacturing, fabric dyeing finishing, knitted fabric production, industrial textile supplier
NAICS code2 codes
  • Other Textile Product Mills3149
  • All Other Textile Product Mills31499
SIC code2 codes
  • Broadwoven Fabric Mills, Cotton2211
  • Broadwoven Fabric Mills, Man Made Fiber & Silk2221
Product category
Knitted Fabric Manufacturing
Social media profiles1 record
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Supply Chain, Personnel, Operations, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Fountain Set is a fabric manufacturer engaged in circular knitted fabric production, performing knitting, dyeing, printing, and finishing. The company operates large-scale production facilities in Hong Kong and Mainland China and serves garment and textile customers in European and African markets, with a stated focus on sustainability and low-carbon manufacturing.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Fountain Set (Holdings) Limited is a textile manufacturing company focused on transformation to becoming a worldwide circular knitted fabric manufacturer. The company operates production facilities across multiple locations and specializes in knitted fabric production for various markets. The company does not appear to offer distinct branded software products or modules; rather, it operates as a manufacturing enterprise with sustainability, corporate social responsibility, and investor relations as its primary operational domains.

Product and service1 record
1Circular Knitted Fabric
CategoryKnitted Fabric Manufacturing
Scale indicator4 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1Li & Fung
TypeOthers
Description

Hong Kong-listed global apparel supply-chain manager sourcing from Asian fabric and garment manufacturers including in mainland China. Comparable not as a producer but as the largest intermediated buyer of knitted fabric output from the same supplier base.

2Crystal International Group
TypeBroad incumbent
Description

Hong Kong-listed apparel manufacturer with extensive in-house knitted fabric production supplying global brands. Comparable as a large, vertically integrated apparel/fabric producer with sustainability investments similar to Fountain Set.

3Texhong Textile Group
TypeDirect peer
Description

Hong Kong-listed textile group specializing in yarn, knitted, and woven fabric production with manufacturing across China, Vietnam, and other Asian countries. Direct competitor in the upstream fabric manufacturing layer serving global garment brands.

4Youngor Group
TypeBroad incumbent
Description

Major Chinese textile and apparel conglomerate with significant fabric manufacturing capacity. Comparable as a large vertically integrated Chinese textile/apparel group with comparable scale and category breadth.

5Eclat Textile
TypeBroad incumbent
Description

Taiwan-listed manufacturer of performance knitwear and knitted fabrics serving premium global sportswear and apparel brands. Comparable as a vertically integrated knitter with strong sustainability positioning and brand-direct relationships.

6Pacific Textiles Holdings
TypeDirect peer
Description

Hong Kong-listed textile manufacturer producing knitted fabrics for global apparel brands, with production concentrated in China and Southeast Asia. Direct comparable in circular knitted fabric supply for international garment buyers.

7Far Eastern Textile
TypeBroad incumbent
Description

Taiwan-listed textile conglomerate covering yarn, knitted/woven fabric, and apparel production. Comparable as a large, diversified fabric and garment group with international footprint and sustainability initiatives.

8Ruyi Technologies (China Ruyi Holdings)
TypeBroad incumbent
Description

Chinese textile/apparel conglomerate with knitted fabric and apparel manufacturing operations and interests in international brands. Comparable as a large, listed Chinese fabric-and-apparel platform pursuing international brand and capacity exposure.

9Teejay Lanka
TypeEmerging player
Description

Sri Lanka-listed circular knitted fabric manufacturer serving European and U.S. apparel brands, with sustainability-certified operations. Comparable as a specialized, ESG-forward circular knitter competing for the same European brand-fabric allocations Fountain Set targets.

10Shenzhou International Group Holdings
TypeBroad incumbent
Description

Largest vertically integrated knitted garment/fabric manufacturer in China, also listed in Hong Kong. Closest large-cap comparable for circular knitted fabric and finished knitwear exposure to global apparel brands, with greater scale and brand-direct relationships.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries3 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance4 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Fountain Set

Knitted Fabric Manufacturingfshl.com

Fountain Set (Holdings) Limited is a Hong Kong-listed (HKEX: 420) circular knitted fabric manufacturer with 10,000+ employees and production sites in Hong Kong and mainland China, serving apparel and textile customers across Asia, Europe, and Africa.

What Fountain Set does

Fountain Set (Holdings) Limited is a Hong Kong-headquartered, publicly listed (HKEX: 420) circular knitted fabric manufacturer with operations traceable to 1969 and a workforce of 10,000+ employees. The group operates through wholly-owned production subsidiaries at Shatin Lake Side (Hong Kong), Jiangyin Fuhui (mainland China) and Yancheng Fuhui (mainland China), and is investing in a $100 million, 200,000-square-metre greenfield textile complex in Egypt intended to serve European and African markets. Its core activity spans fabric knitting, dyeing, printing, and finishing — a low-margin, volume-driven segment of the textile value chain.

Fountain Set's product is circular knitted fabric sold on a B2B basis to apparel brands and textile converters. The company does not market branded software products or modules; its commercial surface is its manufacturing capacity and the certifications attached to it. It has built a sustainability-anchored operating profile, holding IAF Environmental Management System certification (Shatin Lake Side and Yancheng Fuhui) and IAF Energy Management System certification (Jiangyin Fuhui), and its Shatin Lake Side site received the WWF Low Carbon Manufacturing Programme Gold Label for 2015-2017. Fountain Set has published annual Environmental, Social and Governance reports every year from 2016 through 2025, and a Sustainability and Corporate Social Responsibility Committee has been in place since 2009.

Fountain Set runs a direct B2B sales model, with contract/quote-based pricing to enterprise buyers, and reaches customers in Asia, Europe, and Africa. Revenue contracted sharply from a 2021 peak through 2023, then stabilized in 2024-2025, while net income recovered from a 2022 loss to positive territory by 2025. The Egypt project is the most significant forward-looking capital deployment, representing both a geographic hedge away from concentrated China capacity and a stated platform for European and African market expansion.

Fountain Set firmographics

Firmographics
Name
Fountain Set
Legal name
Fountain Set (Holdings) Limited
Website
https://fshl.com
Company type
Public
Founded year
1969
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
Fountain Set (Holdings) Limited is a Hong Kong-listed (HKEX: 420) circular knitted fabric manufacturer with 10,000+ employees and production sites in Hong Kong and mainland China, serving apparel and textile customers across Asia, Europe, and Africa.
Ownership category
akta.pro rank

Where Fountain Set is headquartered

Location

Headquarters

HQ city
Hong Kong
HQ country
Hong Kong SAR China
HQ region
Asia

Offices4 records

Markets served

Fountain Set business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Personnel, Operations, Infrastructure

Distribution channels1 record

Marketing channels1 record

Fountain Set product offering

Product offering

Core offering

Fountain Set is a fabric manufacturer engaged in circular knitted fabric production, performing knitting, dyeing, printing, and finishing. The company operates large-scale production facilities in Hong Kong and Mainland China and serves garment and textile customers in European and African markets, with a stated focus on sustainability and low-carbon manufacturing.

Product overview

Fountain Set (Holdings) Limited is a textile manufacturing company focused on transformation to becoming a worldwide circular knitted fabric manufacturer. The company operates production facilities across multiple locations and specializes in knitted fabric production for various markets. The company does not appear to offer distinct branded software products or modules; rather, it operates as a manufacturing enterprise with sustainability, corporate social responsibility, and investor relations as its primary operational domains.

Differentiator

Problem solved

Functional benefit

Products and services

  • Circular Knitted Fabric

Companies that use Fountain Set

Customer profile

Segments1 record

Ideal customer profiles1 record

Fountain Set technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Fountain Set partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Fountain Set competitors and assessment

Company assessment

Others

  • Li & Fung: Hong Kong-listed global apparel supply-chain manager sourcing from Asian fabric and garment manufacturers including in mainland China. Comparable not as a producer but as the largest intermediated buyer of knitted fabric output from the same supplier base.

Broad incumbents

  • Crystal International Group: Hong Kong-listed apparel manufacturer with extensive in-house knitted fabric production supplying global brands. Comparable as a large, vertically integrated apparel/fabric producer with sustainability investments similar to Fountain Set.
  • Youngor Group: Major Chinese textile and apparel conglomerate with significant fabric manufacturing capacity. Comparable as a large vertically integrated Chinese textile/apparel group with comparable scale and category breadth.
  • Eclat Textile: Taiwan-listed manufacturer of performance knitwear and knitted fabrics serving premium global sportswear and apparel brands. Comparable as a vertically integrated knitter with strong sustainability positioning and brand-direct relationships.
  • Far Eastern Textile: Taiwan-listed textile conglomerate covering yarn, knitted/woven fabric, and apparel production. Comparable as a large, diversified fabric and garment group with international footprint and sustainability initiatives.
  • Ruyi Technologies (China Ruyi Holdings): Chinese textile/apparel conglomerate with knitted fabric and apparel manufacturing operations and interests in international brands. Comparable as a large, listed Chinese fabric-and-apparel platform pursuing international brand and capacity exposure.
  • Shenzhou International Group Holdings: Largest vertically integrated knitted garment/fabric manufacturer in China, also listed in Hong Kong. Closest large-cap comparable for circular knitted fabric and finished knitwear exposure to global apparel brands, with greater scale and brand-direct relationships.

Direct peers

  • Texhong Textile Group: Hong Kong-listed textile group specializing in yarn, knitted, and woven fabric production with manufacturing across China, Vietnam, and other Asian countries. Direct competitor in the upstream fabric manufacturing layer serving global garment brands.
  • Pacific Textiles Holdings: Hong Kong-listed textile manufacturer producing knitted fabrics for global apparel brands, with production concentrated in China and Southeast Asia. Direct comparable in circular knitted fabric supply for international garment buyers.

Emerging players

  • Teejay Lanka: Sri Lanka-listed circular knitted fabric manufacturer serving European and U.S. apparel brands, with sustainability-certified operations. Comparable as a specialized, ESG-forward circular knitter competing for the same European brand-fabric allocations Fountain Set targets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Fountain Set social profiles

Digital presence

Fountain Set compliance and trust

Trust signal

Compliance4 records

Fountain Set financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Fountain Set leadership team

Management profile

Number of profiles

Fountain Set subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

Fountain Set funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Fountain Set M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fountain Set

What does Fountain Set do?

Fountain Set is a fabric manufacturer engaged in circular knitted fabric production, performing knitting, dyeing, printing, and finishing. The company operates large-scale production facilities in Hong Kong and Mainland China and serves garment and textile customers in European and African markets, with a stated focus on sustainability and low-carbon manufacturing.

Is Fountain Set a public or private company?

Fountain Set is a public company. It is classified as public and is currently operating.

When was Fountain Set founded?

Fountain Set was founded in 1969. It employs 5,001 to 10,000 people.

Where is Fountain Set based?

Fountain Set is headquartered in Hong Kong, Hong Kong SAR China, in the Asia region.

Who are Fountain Set's main competitors?

Li & Fung is listed as an others. Broad incumbents are Crystal International Group, Youngor Group, Eclat Textile, Far Eastern Textile, Ruyi Technologies (China Ruyi Holdings) and Shenzhou International Group Holdings. Direct peers are Texhong Textile Group and Pacific Textiles Holdings. Teejay Lanka is listed as an emerging player.

Does Fountain Set have an API?

No public API is recorded for Fountain Set.

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Live signals
Simply Wall StFountain Set (Holdings) (SEHK:420) Stock Hints At Value After Profit JumpFountain Set (Holdings) reported H1 2026 earnings with revenue of HK$1,984.4m and net income more than doubling to HK$63.8m compared to the previous year. The company's trailing net profit margin improved from 1.3% to 2.5%, resulting in a trailing P/E ratio of 8.3x which sits below industry averages. Despite these operational improvements, the stock price has declined slightly over the past week amid broader sector caution regarding textile cycle risks.AInvestFountain set - expected HY profit improvement mainly due to enhanced efficiency and cost controlFountain Set (00420.HK) has issued a positive profit forecast for fiscal year 2025, projecting profit attributable to shareholders to rise to approximately HKD 70 million from HKD 14.26 million in 2024. The group's overall profit is expected to increase from HKD 34.58 million to around HKD 80 million. This growth is primarily driven by enhanced operational efficiency and cost control measures, including procurement and sales synergies, improved gross margins, and lower transportation and labor costs through refined management practices and information systems optimization.AInvestFountain set - sees prelim profit attributable to owners for six months ended June 30, 2026 HK$63.8 mlnFountain set has reported preliminary profit attributable to owners of HK$63.8 million for the six months ended June 30, 2026. The announcement was made by Ainvest on August 4, 2026. The article contains no additional context regarding comparison to prior periods, market expectations, or business performance drivers.Egypt IndependentEgypt targets $100 million Chinese textile investment to boost jobs and exportsEgypt, through the General Authority for Investment and Free Zones (GAFI), is in talks with Chinese textile firm Fountain Set Limited to establish a $100 million spinning and weaving complex spanning 200,000 square meters. The facility, planned under a free-zone or special economic zone model, would create approximately 1,500 direct jobs and serve as a regional hub exporting fabric to Europe and Africa. Chinese investors have expressed strong interest in Egypt's investment climate and aim to begin implementation soon, with additional plans to expand Elegance Apparel Garments' capacity in Shebin al-Kom.DailynewsegyptChina’s Fountain set to invest $100m in new textile complex in EgyptFountain Set Limited, one of China’s largest textile manufacturers, has announced plans to invest approximately $100 million in Egypt to establish a new spinning and weaving complex spanning 200,000 square metres. The project is expected to generate around 1,500 direct jobs and serve as a hub for producing and exporting textiles to European and African markets. During the meeting, GAFI Chairperson Hossam Heiba highlighted Egypt’s investment incentives, strategic geographic position, and free trade agreements as key advantages for export-oriented textile industries.