Reported 8 months ago
Both industrial sewing machine giant Goman (1531) and the world's largest household sewing machine manufacturer Shenn Hsing (1558) expressed optimism for their operations and shipments surpassing last year at their shareholders meeting on June 21, 2024, with Goman expecting a possible double-digit growth in the second half of the year. Despite the textile and garment industry being affected by the economic downturn last year, leading to decreased demand for industrial sewing machines, Goman's operations were impacted, but they anticipate improved performance this year.
Source: YAHOO