Zuoan Fashion Limited (NYSE:ZA) is a casual mens clothing designer in China. They are the second largest fashion company in China in terms of sales. Zuoan sells its clothes through retail stores operated by distributors with 1,044 stores across 27 of China's 32 provinces. These retail stores are required to sell only Zuoan's products. As of 2009, the company had 5.4% of the market share in terms of sales.
The market for men's fashion wear is growing rapidly in China. The emergence of China's middle class has increased the number of men who can afford and desire fashionable clothing. The market for men's clothing rose from 147.2B RMB in 2004 to 300.3B RMB in 2009. The market is estimated to rise to 627.1B RMB in 2014. This would correspond to a Compounded annual growth rate - CAGR of 15.8%. 
The company's initial public offering of stock on the NYSE occurred on February 14, 2011. The company offered 6M shares each for $7. This was well below the initial price range of $10.50-$12.50. This brought the total deal size to $42M. The lead underwriter of the IPO was Cowen & Company.
For the full year 2009, the company's total revenue was $104M, while the net income was $23M. For the first 9 months of 2010, Zuoan reported a total revenue of $92M. For the same period, the company reported a net income of $19M