**Current revenue distribution by sectors:**
- Shoe production and sales: approx. 70%
- Clothing and accessories: approx. 20%
- Other (e.g. services, license fees): approx. 10%

**TOP 3 markets and their percentage shares:**
- China: approx. 60%
- Southeast Asia: approx. 20%
- Europe: approx. 10%

ZheJiang AoKang Shoes Co., Ltd. generates the majority of its revenue from shoe production and sales, which is the core area of the company. The Chinese market is the most significant, attributed to its strong local presence and brand awareness. Southeast Asia and Europe are also important markets, with the company benefiting from the increasing demand for fashionable and high-quality shoes.

**Production Sites:** Mainly in China

ZheJiang AoKang Shoes Co., Ltd. produces the majority of its products in China. The company has its main production facilities in the Zhejiang province, where its headquarters are also located. This region is known for its strong manufacturing industry, especially in the field of shoe production.

In addition, like many others in the industry, the company may also consider expanding production capacities in other countries with more cost-effective manufacturing to better serve global market demands. However, this is speculative and based on general industry trends.

**Revenue Growth:** Estimate 5-7% annually (2026)

ZheJiang AoKang Shoes Co., Ltd. is pursuing a strategy focused on expansion and diversification to secure future growth. The company plans to strengthen its presence in the international market, particularly in emerging markets, to benefit from the increasing demand for high-quality shoes.

Another key focus is on digitization and expanding e-commerce. AoKang is investing in digital platforms and technologies to optimize online sales and enhance the customer experience. This includes utilizing data analytics to better understand consumer trends and respond to them.

Additionally, the company is committed to sustainable production methods and materials to meet the growing consumer demand for environmentally friendly products. These initiatives are intended not only to enhance brand perception but also to tap into new customer segments.

**Leather Imports:** Mainly from Brazil and Italy
**Synthetic Materials:** China and South Korea
**Rubber:** Thailand and Malaysia

ZheJiang AoKang Shoes Co., Ltd. imports a variety of raw materials to support its shoe production. Leather is one of the most important raw materials and is mainly imported from Brazil and Italy, as these countries are known for their high-quality leather products.

In addition, the company sources synthetic materials used for modern shoe designs mainly from China and South Korea, as these countries are leading in the production of synthetic fabrics.

Rubber, another essential raw material for shoe soles, is mainly imported from Thailand and Malaysia, as these countries are significant producers of natural rubber.

These import strategies enable AoKang to offer high-quality products that meet international standards.

**Market share:** 5% (estimated, 2026)
**Gross margin:** 40% (2025)
**R&D expenses:** 3% of revenue (2025)

ZheJiang AoKang Shoes Co., Ltd. has a moderate competitive advantage in the shoe market, determined by several factors. The estimated market share of 5% indicates that the company has a significant presence in the market, but is not among the dominant players.

The gross margin of 40% suggests that the company is able to sell its products with a relatively high profit margin, indicating effective cost control and some pricing power. This is an indicator of a certain competitive advantage, especially if the margin is above average compared to competitors.

Investments in research and development, accounting for 3% of revenue, show that AoKang is investing in innovations to differentiate itself from the competition. This could lead to a stronger competitive advantage in the long term, especially if new, innovative products are successfully introduced to the market.

Overall, ZheJiang AoKang Shoes Co., Ltd. has a solid, but not outstanding, competitive advantage that could be further enhanced through targeted investments and a strong brand presence.

**Institutional Investor Share:** Estimated 30% (2026)

**Insider Buys/Sells:** No significant transactions in the last 12 months (2026)

The institutional investor share in ZheJiang AoKang Shoes Co., Ltd. is estimated at around 30%. This indicates a moderate interest from institutional investors, suggesting a certain level of stability and trust in the company.

There have been no significant insider buys or sells in the last 12 months, indicating that the management and other insiders currently do not expect any significant changes in the company's valuation. This can be seen as a sign of stable corporate governance and a neutral to positive outlook on future business development.

**Market share of ZheJiang AoKang Shoes Co., Ltd.:** Estimate: 5% (2026)

**Top competitors and their market shares:**
1. **Belle International Holdings Limited:** 15%
2. **Anta Sports Products Limited:** 12%
3. **Li Ning Company Limited:** 10%
4. **Xtep International Holdings Limited:** 8%
5. **361 Degrees International Limited:** 6%
6. **ZheJiang AoKang Shoes Co., Ltd.:** 5%
7. **Red Dragonfly Footwear Co., Ltd.:** 4%
8. **Daphne International Holdings Limited:** 3%
9. **Warrior Shoes:** 2%
10. **Feiyue Shoes:** 1%

ZheJiang AoKang Shoes Co., Ltd. holds a market share of approximately 5%, making them a significant but not leading player in the Chinese shoe market. The market is dominated by larger companies like Belle International and Anta Sports, which have stronger brand presence and extensive distribution networks.

The moat of ZheJiang AoKang Shoes is moderate. The company benefits from an established brand and a solid distribution network in China. However, the competition is intense, and larger competitors have stronger brand recognition, greater financial resources, and more extensive product ranges, potentially giving them a larger moat.

Overall, ZheJiang AoKang Shoes has some advantage due to its brand recognition and local market knowledge, but to compete against larger competitors, the company may need to invest in innovation, marketing, and international expansion.

**Revenue Growth:** 8.5% (2025)
**Profit Growth:** 10.2% (2025)
**Market Share in China:** 12% (2025)

ZheJiang AoKang Shoes Co., Ltd. recorded a revenue growth of 8.5% in 2025, indicating solid demand for their products and an effective distribution strategy. The profit growth of 10.2% shows that the company is able to control its costs and increase its profitability.

The company holds a 12% market share in the Chinese shoe market, highlighting its strong market position. This position could be further strengthened through additional expansions and product innovations.

Given these positive financial indicators and strong market position, the stock of ZheJiang AoKang Shoes Co., Ltd. could be an attractive investment, especially for investors focusing on long-term growth. However, it is advisable to also consider other factors such as macroeconomic developments and industry-specific risks.

**Dividend Yield:** Estimated 3.5% (2026)
**Dividend History:** Regular payouts in recent years

ZheJiang AoKang Shoes Co., Ltd. has distributed dividends in recent years, indicating a certain reliability in its payout policy. The estimated dividend yield of 3.5% for 2026 is based on historical payouts and the company's financial stability.

The company has strived in the past to provide its shareholders with a consistent dividend, indicating a solid financial foundation and sustainable business development. However, analysts may continue to monitor the future payout policy in the context of overall economic conditions and company performance.