GLORIOUS SUN ENTERPRISES LIMITED
    旭日企業
    ONE PEKING
    北京道一號

Apparel Business
  Glorious Sun Group is one of the biggest apparel manufacturers and exporters in Southeast Asia. The apparel business of the Group consists of retail, production and trading of casual wear. The business is very much vertically integrated with its production facilities located in various provinces in Mainland China, Bangladesh, Cambodia and Vietnam, etc.

  The product range covers jeans, pants, shorts, T-shirt, shirt, sweater, skirt, jacket, vest etc. Apart from exporting its products to the U.S. and Canada, the Group also retails its products in Mainland China, Southeast Asia, Australia, and New Zealand under its brand name of "Jeanswest". The Group is the largest foreign owned casual wear retailer in Mainland China and the second largest in terms of the number of casual wear chain-stores in Australia.

  In September 1996, the Group floated all its apparel business under the corporate structure of "Glorious Sun Enterprises Limited" (“GSE”) in the security market and was listed as a public company in the Hong Kong Stock Exchange, with the trading number 0393. In mid-1997, GSE was selected as one of the Hong Kong Component Stocks in the Dow-Jones Industrial Index. In 1998, it was selected as one of the 50 listed companies to comprise the new Hang Seng Medium Enterprise Index. GSE was further named one of the World's 300 Best Small Companies by "Forbes" in November 1999. In the same year, GSE was also admitted as one of the companies of the Powerhouse Hall of Fame by the Hong Kong Productivity Council.

Retailing

  The Group runs over 1,600 retail stores in Australia, New Zealand, Middle East and various provinces in Mainland China, and retails its products directly to its customers under its own brand "Jeanswest". Most of the retail stores are directly managed with some franchised ones. All the retail stores are linked up by POS for efficient and uniform operation and logistics management.

  In 2003, the Group established joint ventures with US-listed board-rider wear leader Quiksilver, Inc. to further expand its business into Mainland China, Hong Kong and Macau. At present, this joint venture operates 27 stores in these territories. Another joint venture was formed with one of the Hong Kong’s top-selling fashion chains, I.T Group, to expand its retail business in Mainland China and Taiwan. As at end of March 2007, this joint venture operates 194 stores in these territories.

Trading
  The Group exports private label apparel products to a number of internationally renowned brands in the U.S. and Canadian markets. These brand owners have been the Group's customers for many years and their products are mostly manufactured by the Group and its associate companies on OEM basis.

 

Production
  The Group has over thirty years of production experience in knitted, woven and woolen products covering weaving, bleaching, dyeing, sewing and finishing processes. The Group puts emphasis on customer services and quality management. All fabrics are tested before they are cut. Furthermore, the Group is renowned for its product quality as well as production time. All factories under the Group's direct management have obtained ISO9000 accreditation.

Property Business
   In expanding and diversifying its business, the Group started to invest in real estate in 1985 when Hong Kong's property market was bottoming out. Beginning with the acquisition of properties meant only for leasing, the Group gradually undertook various business activities of project-planning, land acquisition, construction, sale, leasing and property management. The Group owns various properties in Hong Kong, Mainland China, Singapore, Australia, Canada and US.

   As of February 2007, the Group has a total area for leasing and land reserve of about 7.29 million square feet. The value of this property portfolio is about HK$15 billion. The returns from its property operations in recent years are encouraging.。

 

Property Business-In Hong Kong
   The Group owns commercial, industrial, and residential buildings for leasing and other different plots of land for development. The major ones are:

   One Peking - located at 1, Peking Road in Tsim Sha Tsui which was solely developed by the Group, and;
   One Kowloon – a top grade commercial building located in Kowloon East.

   One Peking is a commercial building which gained most recognitions and awards in Hong Kong, including Quality Building Award 2004, HKIE Joint Structural Division Special Award 2004, HKIA Medal of the year 2003, 2003 HK-BEAM Certificate of Assessment: Excellent and Considerate Contractors Site Award Scheme.

 

Property Business-In Mainland China
   Real estate investment in the Mainland is on private residential estate development and industrial buildings. "City Garden" is a renowned project in Huizhou, Guangdong, which gained the "National City Real Estate Management-Excellent Sample Residential Quarter" award given by the Ministry of Construction. "City Garden" has adopted a modern European style. It provides a comfortable and elegant environment with over 70 percent of the estate landscaped. It is a model residential quarter praised by residents of Huizhou and its neighbouring areas.

 

Property Business-In Overseas
  Overseas investment properties include office buildings, residential blocks, hotels, etc. They are located in New York, Dallas, Los Angeles, Seattle, as well as in other countries like Canada, Australia and Singapore.