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Textile Producers Report Mixed September Results: Guanxing Hits Record Highs
Consumer Non-Durables · Apparel/Footwear · economic_daily · 2026-10-08
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Textile manufacturers Guanxing-KY and Zhenda Global released September revenue, with Guanxing achieving record quarterly highs while Zhenda maintains strong margins.
What Happened
Revenue Performance: Textile manufacturers Guanxing-KY and Zhenda Global reported their September revenue figures, with Guanxing reaching 859 million TWD, a 37.85% year-on-year increase, marking a record quarterly high. Zhenda Global reported 650 million TWD for September, a 20.66% year-on-year decline, though its third-quarter revenue still set a new record for the same period.
Client Dynamics: Guanxing has seen a shift in its top-three client list, with the GAP Group becoming its largest customer alongside growing shipments to new US-based clients. To support future order growth, the company is expanding its Vietnam production capacity and integrating downstream garment manufacturing.
Profitability Outlook: Zhenda Global's third-quarter revenue reached 2.442 billion TWD, up 8.16% year-on-year, with the company prioritizing operational quality and profit margins. Management expects third-quarter gross margins to exceed those of the second quarter, reflecting improved operational efficiency.
Strategic Direction: Guanxing is focused on expanding its order capacity and production footprint to maintain its market position. Zhenda Global continues to target stable revenue growth and improved profitability, demonstrating resilience during the peak season.