According to the Qichacha APP, recently, Ningbo Shuyu Clothing Co., Ltd. was established with a registered capital of 10 million yuan. Its business scope includes: wholesale of sports goods and equipment; retail of sports goods and equipment; enterprise management consulting; sales of outdoor products, etc. Qichacha's equity penetration shows that the company is wholly owned by SHANSHAN, which is 19.37% owned by SHANSHAN Co., Ltd