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Chinese fashion house that designs and retails its own apparel brands, led by flagship womenswear label JNBY.
Chinese fashion house that designs and retails its own apparel brands, led by flagship womenswear label JNBY.
Designs its apparel in-house and has others make it, then sells through its own stores, department-store counters and online, and through distributors who run stores on its behalf, so sell-through at stores and discipline over discounting decide profit. Founders Wu Jian and Li Lin remain the controlling shareholders.
In one line: A Chinese Anthropologie/Eileen Fisher-style designer apparel group.
Moat: narrow (brand). Distinctive designer branding builds loyalty, but competes in a crowded, fashion-cyclical apparel market.
Headquarters: Hangzhou, China · Founded: 1994 · Employees: 1,777
Size JNBY Design (3306.HK) is a Hong Kong Consumer Discretionary company (Apparel/Footwear) with a market value of $1.47B, the 496th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$22.54 on 6 Nov 2026.
Performance Over six months the shares gained 6.6%, against -5.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 12.5% over the last twelve months (peer median +6.5%); the operating margin is 19.8% (peer median 8.5%).
Valuation It trades at 9.4× forward earnings against a peer median of 12.8× (6th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 38.5 points above its cost of capital (8.7% WACC).
Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | HK$6.74B | HK$6.75B | HK$5.99B | HK$5.74B | HK$5.03B |
| Revenue growth | — | +13% | +4% | +14% | — |
| Gross profit | HK$4.00B | HK$4.36B | HK$3.79B | HK$3.64B | HK$2.82B |
| EBITDA | HK$1.82B | HK$1.83B | HK$1.69B | HK$1.68B | HK$1.34B |
| Net income | HK$1.11B | HK$1.11B | HK$964M | HK$917M | HK$700M |
| Free cash flow | HK$1.50B | HK$1.47B | HK$1.11B | HK$1.63B | HK$926M |
| Capital expenditure | HK$230M | HK$226M | HK$174M | HK$159M | HK$175M |
| Total debt | n/a | HK$859M | HK$639M | HK$646M | HK$886M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| JNBY Design 3306.HK | $1.47B | +7% | +12% | 20% | 9.4× | -7.4% |
| Anta Sports 2020.HK | $28.2B | +2% | +17% | 21% | 12.5× | -0.7% |
| Shenzhen Ellassay Fashion 603808.SS | $401M | -35% | 0% | 10% | 13.1× | -15.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 3306.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.6% | +2.3% | 10th highest of 21 |
| 6-month return | +6.6% | -5.9% | 5th highest of 21 |
| Distance from 52-week high | -4.7% | -30.6% | highest of 21 |
| Revenue growth (TTM) | +12.5% | +6.5% | 5th highest of 21 |
| Operating margin | 19.8% | 8.5% | 2nd highest of 21 |
| Forward P/E | 9.4× | 12.8× | 6th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -7.4% | -3.7% | 7th least demanding of 15 |
| Growth delivered (Del g) | +6.9% | +7.5% | 7th lowest of 15 |
| Hurdle (Req g minus delivered) | -14.4 pp | -14.9 pp | 7th most demanding of 15 |
| ROIC minus cost of capital | +38.5 pp | +3.8 pp | highest of 21 |
| EV / EBITDA | 5.8× | 8.9× | 7th cheapest of 17 |
| Net debt / EBITDA | -0.6× | -0.4× | 8th least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| JNBY Design 3306.HK | Hong Kong | $1.47B | +7% | +12% | 20% | 9.4× | -7.4% | +6.9% |
| Stella International 1836.HK | Hong Kong | $1.47B | -10% | +2% | 8% | 11.8× | -9.5% | +6.8% |
| Misto 081660.KS | South Korea | $1.51B | -5% | +8% | 13% | 6.4× | -13.9% | +7.4% |
| YoungoneHoldings 009970.KS | South Korea | $1.42B | -11% | +14% | 15% | 6.5× | n/a | n/a |
| Makalot Industrial 1477.TW | Taiwan | $1.59B | +1% | -2% | 14% | 12.8× | -8.0% | +6.7% |
| New Wave NEWA-B.ST | Sweden | $1.36B | +4% | +9% | 11% | 14.4× | n/a | n/a |
| G-III Apparel GIII | United States | $1.35B | -1% | -9% | 8% | 13.0× | -9.5% | +7.5% |
| 361 Degrees International 1361.HK | Hong Kong | $1.34B | -11% | +13% | 14% | 6.1× | -20.3% | +16.0% |
| Pearl Global Industries PGIL.NS | India | $1.31B | +51% | +14% | 8% | 36.9× | 25.0% | +27.5% |
| Xtep International 1368.HK | Hong Kong | $1.27B | -16% | +10% | 10% | 7.7× | -10.3% | +10.8% |
| Tayho Advanced Materials 002254.SZ | China | $1.26B | -13% | +6% | -2% | 70.6× | 10.1% | +8.1% |
| Wolverine World Wide WWW | United States | $1.75B | +28% | +7% | 9% | 12.1× | 9.1% | +0.9% |
| Salvatore Ferragamo SFER.MI | Italy | $1.22B | -19% | -2% | 3% | 202.8× | 22.5% | +2.2% |
| Wacoal 3591.T | Japan | $1.21B | -21% | +2% | -1% | 36.5× | 35.7% | +2.4% |
| F&F 383220.KS | South Korea | $1.80B | -3% | +7% | 25% | 5.1× | n/a | n/a |
| Toread 300005.SZ | China | $1.21B | -45% | +22% | -1% | 60.7× | n/a | n/a |
| Lancy 002612.SZ | China | $1.19B | +11% | +9% | 10% | 22.4× | -1.2% | +15.9% |
| Vestis VSTS | United States | $1.88B | +54% | 0% | 4% | 20.0× | 15.8% | +1.3% |
| Goldwin 8111.T | Japan | $1.93B | -1% | +4% | 18% | 12.7× | -6.3% | +8.7% |
| Guangdong Golden Dragon Development 000712.SZ | China | $1.12B | -20% | -3% | -20% | n/a | n/a | n/a |
| Lai Yih Footwear 6890.TW | Taiwan | $1.11B | -7% | -11% | 8% | 12.0× | n/a | n/a |