Feida Hat Industry's new factory in Cambodia will start production in June next year, expecting a 30% increase in order volume this year
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Feida Hat Industry Vice Chairman Yan Baoling stated that the company's new factory in Cambodia will start production in June next year, with an expected order volume growth of 30% this year. The initial investment in the new factory is about 100 million yuan, with a goal of breaking even within three years. The company has established factories in Mexico, Bangladesh, and Shenzhen to diversify risks. The zero-tariff advantage in Cambodia will help expand overseas markets. Feida Holdings expects a profit of no less than 100 million yuan for the fiscal year 2025, with growth of no less than 75%
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