A-share subscription | Bundle with UNIQLO, GU! International fast fashion core fabric supplier Fugeen (001312.SZ) opens subscription

On April 10th, Fountain Group (001312.SZ) started its IPO, with an issue price of 18.38 yuan/share, a maximum subscription limit of 23,000 shares, a P/E ratio of 16.83 times, listed on the Shenzhen Stock Exchange, with CITIC SEC as its sponsoring institution. The prospectus discloses that Fountain Group is a global ecological environmental protection fabric supplier with sustainable development as its core. It has evolved into a large enterprise integrating fabric design, research and development, spinning, weaving, printing and dyeing, finishing, and sales. Fountain Group's important brand customers include H&M, Uniqlo, GU, ZARA, Ningbo Peacebird Fashion, and Liang. Important direct customers include Pinghu Huacheng Maolu Garment Co., Ltd., Zhejiang Fenghuangzhuang Fashion Technology Group Co., Ltd., Makalot Industrial CO., LTD., Chenfeng (Jiangsu) Textile Co., Ltd., ALLIANCE STITCHES LTD, TALISMAN LTD, and others. The company is the leading supplier of recycled polyester-viscose blended fabrics for H&M, Uniqlo, and GU. The company holds a high brand position in the recycled fabric industry. During the reporting period, the company's main business income showed an overall upward trend, with sales of recycled fabrics accounting for 75.61%, 80.13%, 83.20%, and 86.63% of the main business income, respectively, with a relatively high proportion and annual growth. According to the international consulting firm Statistic's statistics and research on the global apparel retail market, the global apparel retail total is expected to reach $1.8 trillion by 2024. With the global economic recovery and reduced trade uncertainties, it is expected to continue to grow in the coming years, reaching $2 trillion by 2029. As global demand for low-carbon environmental protection sustainable development increases, the textile and apparel industry's focus on ecological environmental protection fabrics continues to rise, and recycled fabrics have become one of the mainstream products in the apparel fabric industry. According to the research report on the global market for recycled fiber fabrics for clothing published by Wise Guy Reports, the global market for recycled fiber fabrics for clothing is expected to reach $25.4 billion by 2032, with a compound annual growth rate of approximately 9.19% from 2025 to 2032. Financially, in 2022, 2023, and 2024, the company achieved operating income of approximately 1.764 billion, 1.517 billion, and 1.813 billion yuan, respectively, with net profits of approximately 277 million, 229 million, and 275 million yuan during the same period.