What Win Hanverky Holdings does

Win Hanverky Holdings Limited is a Cayman-incorporated holding company headquartered in Hong Kong and listed on the Main Board of the Hong Kong Stock Exchange (SEHK: 3322) since September 2006. The Group operates two reportable segments: a Manufacturing Business that produces sportswear, outdoor apparel, and functional outerwear under OEM arrangements with internationally recognized brands, and a Fashion Brands and Licensing Business that replaced the High-end Fashion Retailing Business in 2025 following a strategic restructuring. The Group employs more than 10,000 people and has more than 45 years of apparel industry experience.

The Manufacturing Business serves a roster of enterprise brand clients including adidas, Nike, REI, Under Armour, Fila, Lacoste, Descente, Kolon Sport, and Stone Island, with products exported primarily to Europe, the United States, Mainland China, and Hong Kong. Production is concentrated across seven main facilities in Vietnam, Cambodia, and Mainland China, with capability spanning fabric knitting, accessories manufacturing, embroidery, and printing. Underlying technology includes Industry 4.0 digitalization featuring Industrial Internet of Things (IIoT) infrastructure, smart sensors, RFID tracking, and machine-learning-driven real-time production planning. A pilot factory in Kunshan, Jiangsu (operating since Q3 2016) supports an e.dye non-hazardous textile technology partnership, and the Group has SBTi-approved near-term emissions reduction targets.

Revenue is generated primarily through OEM contract manufacturing (one-off production orders billed per shipment) supplemented by brand distribution royalties and licensing fees under the Fashion Brands and Licensing Business, which holds distribution rights for Y-3, Barbour, Champion, Thomas Sabo, and Tara Jarmon, licensed stores for DAKS and New Era, owned DIADORA Greater China trademarks, and self-owned brands including D-mop, J-01, Blues Heroes, Loveis, and Queen 11. Robotics subsidiary Winswin develops robotic mannequins. FY2025 sales were HK$3,418 million (gross profit HK$593 million) with a reported net loss of HK$189 million; interim H1 2025 sales were HK$1,737 million. Customer concentration is high and weighted toward top global sportswear brands, while recent leadership turnover (CEO change announced February 27, 2026 and multiple board committee changes in January and June 2026) coincides with active portfolio rationalization.

Name

Win Hanverky Holdings

Legal name

Win Hanverky Holdings Limited

Website

https://winhanverky.com

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Win Hanverky Holdings is a Hong Kong-listed OEM sportswear and apparel manufacturer serving global brands like adidas and Nike across seven Asian production facilities, with a secondary Fashion Brands and Licensing Business distributing premium and self-owned labels.

Ownership category

akta.pro rank

Product category

Apparel Manufacturing

NAICS

Apparel Accessories and Other Apparel Manufacturing (3159), Footwear Manufacturing (31621)

SIC

Sporting & Athletic Goods, Nec (3949), Wholesale-Apparel, Piece Goods & Notions (5130), Retail-Apparel & Accessory Stores (5600)

akta.pro primary industry

Apparel Sourcing, Buying Houses & Trading Companies (CRAAAAAN)

akta.pro secondary industry

Outerwear & Cold-Weather Apparel Manufacturers (CRAAAAAI)

Keywords

• OEM apparel manufacturing
• Sportswear OEM services
• Fashion retail distribution
• Apparel brand licensing
• Outdoor apparel manufacturing

Headquarters

HQ city

Sham Shui Po

HQ country

Hong Kong SAR China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Manufacturing Business (OEM): Operates through OEM arrangements with internationally renowned sports and outdoor brands. Products are exported and sold to Europe, the United States, Mainland China and other countries. Over 45 years of manufacturing experience with seven main production facilities.
2. High-end Fashion Retailing Business: Fashion retail networks through D-mop and J-01 stores selling self-owned brands and imported brands, with distribution rights for brands including Y-3 and Barbour. Operates licensed stores for DAKS and New Era. Total of 72 stores across Mainland China (14), Hong Kong and Macau (9), and Taiwan and other regions (9).
3. Distribution Rights: Distribution rights for brands including Y-3 and Barbour, and licensed stores for DAKS and New Era in various regions.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Win Hanverky Holdings operates an Original Equipment Manufacturing (OEM) business producing sportswear, outdoor apparel, and functional outerwear for internationally renowned brands such as adidas, Nike, REI, Under Armour, Fila, Lacoste, Descente, Kolon Sport, and Stone Island. The company runs seven strategically located production facilities across Vietnam, Cambodia, and Mainland China, exporting to Europe, the United States, Mainland China, and other countries. Through its Fashion Brands and Licensing Business, it operates D-mop and J-01 retail networks across Mainland China, Hong Kong, Macau, and Taiwan, holds distribution rights for brands such as Y-3, Barbour, Champion, Thomas Sabo, and Tara Jarmon, and operates licensed stores for DAKS and New Era.

Product overview

Win Hanverky Holdings operates two main business segments: (1) Manufacturing Business - an OEM manufacturing operation with over 45 years of experience producing sportswear and apparel for international brands such as adidas, Nike, REI, Under Armour, Fila, Lacoste, Descente, Kolon, and Stone Island, with seven production facilities across Vietnam, Cambodia, and Mainland China; (2) High-end Fashion Retailing Business - retail networks through D-mop and J-01 stores (72 total stores across Asia-Pacific) selling self-owned brands (Blues Heroes, Loveis, Queen 11) and distributed/licensed brands (Y-3, Barbour, DAKS, New Era, Champion, Thomas Sabo, Tara Jarmon, DIADORA). The company also has a robotics subsidiary, Winswin, developing robotic mannequins.

Differentiator

Problem solved

Functional benefit

Brands

• D-mop: Fashion retail stores selling self-owned brands and imported brands
• J-01
• Blues Heroes
• Loveis
• Queen 11
• Winswin

Products and services

• Manufacturing Business (OEM) Original Equipment Manufacturing services producing sportswear, outdoor apparel, and functional outerwear for internationally renowned brands including adidas, Nike, REI, Under Armour, Fila, Lacoste, Descente, Kolon Sport, and Stone Island. Includes vertically integrated capabilities such as fabric knitting, accessories manufacturing, embroidery, and printing services. Products exported and sold to Europe, the United States, Mainland China and other countries.
• D-mop Retail Network Multi-brand high-end fashion retail store network selling self-owned brands (Blues Heroes, Loveis, Queen 11) and imported international brands across Asia-Pacific regions.
• J-01 Retail Network Fashion retail store network selling self-owned brands and imported brands, operating in Hong Kong and Mainland China.
• Winswin Robotic Mannequin Technology Subsidiary company developing robotic mannequins with a team of professional engineers specializing in mechanical engineering, prototyping, electronics, robotics, software, and motors, with own manufacturing facilities in China.

Quantifiable outcome

• 45+ years of manufacturing experience with 7 strategically located production facilities
• +1 more outcomes

Named customers13 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eight partnerships are on record, tiered strategic, minor and core.

• e.dyestrategicTechnology or Integration · 1 January 2016Partnership with a partner possessing innovative textile technology under the e.dye trademark to develop a revolutionary production process for non-hazardous textiles. A pilot factory in Kunshan, Jiangsu province of Mainland China was established and commenced operation in Q3 2016.
• WinswinminorStrategic or Co-development Partner · 1 January 2014Established under Win Hanverky Group, Winswin is a Hong Kong-based robotic mannequin company with own manufacturing facilities in China, and a team of professional engineers who are experts in mechanical engineering, prototyping and electronics to robotics, software and motors.
• Shine Gold GroupstrategicStrategic or Co-development Partner · 1 January 2012Subscribed convertible bonds in Shine Gold Group to extend retail network to high-end fashion retail business, including self-owned retail brands like D-mop and J-01, and self-owned product brands like Blues Heroes, Loveis and Queen 11.
• DiadoracoreStrategic or Co-development Partner · 1 January 2010Joint venture formed in 2010 to assert ownership of DIADORA trademarks in Mainland China, Hong Kong and Macau, and to manufacture, design, promote, distribute and sell products carrying the DIADORA trademarks in the Territory. In 2014, acquired the DIADORA trademarks at a consideration of US$9.2 million.
• Manchester United Football ClubcoreStrategic or Co-development Partner · 1 January 2007Joint venture formed in 2007 to distribute related products under the brand names of Manchester United Football Club, Barcelona Football Club, Juventus Football Club and Paris Saint-Germain Football Club in Greater China.
• Barcelona Football ClubcoreStrategic or Co-development Partner · 1 January 2007Joint venture formed in 2007 to distribute related products under the brand names of Manchester United Football Club, Barcelona Football Club, Juventus Football Club and Paris Saint-Germain Football Club in Greater China.
• Juventus Football ClubcoreStrategic or Co-development Partner · 1 January 2007Joint venture formed in 2007 to distribute related products under the brand names of Manchester United Football Club, Barcelona Football Club, Juventus Football Club and Paris Saint-Germain Football Club in Greater China.
• Paris Saint-Germain Football ClubcoreStrategic or Co-development Partner · 1 January 2007Joint venture formed in 2007 to distribute related products under the brand names of Manchester United Football Club, Barcelona Football Club, Juventus Football Club and Paris Saint-Germain Football Club in Greater China.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Eclat Textile Corporation: Taiwan-listed apparel OEM (TW:1476) producing performance and athletic wear for brands such as Nike, Under Armour, Lululemon. Highly comparable vertical integration (knitting through finished apparel) and brand customer overlap with Win Hanverky.
• Regina Miracle International Holdings: Hong Kong-listed (HK:2199) intimate wear, sportswear and bra cup manufacturer serving global intimate apparel and sportswear brands. Comparable vertically integrated OEM with multi-country production and global brand customers.
• Pou Sheng International Holdings: Hong Kong-listed (HK:3813) sportswear and footwear retailer/distributor in Greater China, holding distribution rights for Nike, adidas, Puma, etc. Comparable as an Asia-based apparel/sportswear distribution and retail platform alongside manufacturing.
• Texhong Textile Group: Hong Kong-listed (HK:2678) vertically integrated textile manufacturer supplying yarn, fabric, and apparel to global brands. Comparable as a vertically integrated Asia-based apparel/textile platform serving international customers.
• Yue Yuen International Holdings: World's largest footwear OEM by volume (HK:0551), manufacturing athletic and casual footwear for Nike, adidas, Asics and others. Comparable as a vertically integrated OEM serving global sportswear brands with manufacturing concentrated in China, Vietnam, Cambodia, and Indonesia.
• Crystal International Group: Hong Kong-listed apparel OEM (HK:2232) producing for many of the same global sportswear and lifestyle brands (e.g., adidas, Nike, Uniqlo) with multi-country production in Asia. Closest direct comparable in scale, customer base, and OEM operating model.

Regional players

• Li Ning Company: Leading Chinese sportswear brand (HK:2331). Adjacent in market exposure to Win Hanverky's Greater China distribution business and relevant for OEM supply dynamics, though operating as brand owner rather than manufacturer.

Broad incumbents

• Hanesbrands Inc. U.S. apparel manufacturer (NYSE:HBI) operating Champion and other innerwear/activewear brands with global sourcing. Comparable as an apparel manufacturer-retailer with global brand portfolio, though much larger and U.S.-centric.
• Anta Sports Products: Largest Chinese sportswear brand owner (HK:2020) with FILA, Descente, Kolon Sport, and Salomon. Comparable end markets and distribution relationships (Descente, Kolon Sport are shared OEM customers) but operates as brand owner rather than OEM.

Others

• Pacific Textiles Holdings: Hong Kong-listed (HK:1382) knit fabric manufacturer supplying leading apparel brands including Uniqlo. Adjacent as a textile upstream peer within the Asia apparel OEM ecosystem, relevant for fabric sourcing and capacity dynamics.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/win-hanverky-holdings-ltd

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Win Hanverky Holdings