Ever-Glory International (EVKG) 10-Q 13 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 13, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	Ever-Glory International Group, Inc.
Entity Central Index Key	0000943184
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	FL
Entity File Number	0-28806
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		14,801,770

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash and cash equivalents	$ 45,837	$ 47,012
Accounts receivable, net	83,863	86,527
Inventories	65,288	65,929
Advances on inventory purchases	9,358	6,420
Value added tax receivable	3,799	2,580
Other receivables and prepaid expenses	7,563	10,204
Amounts due from related parties	123	192
Total Current Assets	215,831	218,864
NONCURRENT ASSETS
Intangible assets, net	4,711	4,962
Property and equipment, net	27,615	28,445
Operating lease right-of-use assets	35,226
Deferred tax assets	1,862
Total Non-Current Assets	69,414	33,407
TOTAL ASSETS	285,245	252,271
CURRENT LIABILITIES
Bank loans	35,492	29,497
Accounts payable	77,172	78,412
Accounts payable and other payables - related parties	4,355	4,756
Other payables and accrued liabilities	15,230	21,958
Value added and other taxes payable	530	2,569
Income tax payable	2,249	1,569
Current operating lease liabilities	26,757
Total Current Liabilities	161,785	138,761
NONCURRENT LIABILITIES
Deferred tax liabilities		354
Non-current operating lease liabilities	8,504
TOTAL LIABILITIES	170,289	139,115
COMMITMENTS AND CONTINGENCIES
Stockholders' equity:
Preferred stock ($0.001 par value, authorized 5,000,000 shares, no shares issued and outstanding)
Common stock ($0.001 par value, authorized 50,000,000 shares, 14,801,770 and 14,798,198 shares issued and outstanding As of September 30, 2019 and December 31, 2018, respectively)	15	15
Additional paid-in capital	3,640	3,627
Retained earnings	106,173	105,914
Statutory reserve	19,083	19,083
Accumulated other comprehensive income	(5,822)	(3,578)
Amounts due from related party	(6,648)	(10,354)
Total equity attributable to stockholders of the Company	116,441	114,707
Noncontrolling interest	(1,485)	(1,551)
Total Equity	114,956	113,156
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 285,245	$ 252,271

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	14,801,770	14,798,198
Common stock, shares outstanding	14,801,770	14,798,198

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
NET SALES	$ 113,326	$ 125,480	$ 278,598	$ 306,806
COST OF SALES	88,967	95,419	195,895	210,858
GROSS PROFIT	24,359	30,061	82,703	95,948
OPERATING EXPENSES
Selling expenses	17,944	17,588	58,651	62,405
General and administrative expenses	7,584	8,519	22,450	25,015
Total Operating Expenses	25,528	26,107	81,101	87,420
(LOSS) INCOME FROM OPERATIONS	(1,169)	3,954	1,602	8,528
OTHER INCOME (EXPENSES)
Interest income	215	307	699	1,003
Interest expense	(265)	(278)	(1,036)	(1,202)
Other income	502	101	1,616	1,102
Total Other Income, Net	452	130	1,279	903
(LOSS) INCOME BEFORE INCOME TAX EXPENSE	(717)	4,084	2,881	9,431
Income tax expense	(387)	(908)	(2,667)	(2,949)
NET (LOSS) INCOME	(1,104)	3,176	214	6,482
Net loss attributable to the non-controlling interest	28	140	46	425
NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY	(1,076)	3,316	260	6,907
NET (LOSS) INCOME	(1,104)	3,176	214	6,482
Foreign currency translation (loss) gain	(3,729)	(3,674)	(2,244)	(5,742)
Unrealized loss of derivative contracts designated as cash flow hedge		(614)		(1,083)
COMPREHENSIVE (LOSS) INCOME	(4,833)	(1,112)	(2,030)	(343)
Comprehensive (loss) income attributable to the non-controlling interest	15	57	67	366
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY	$ (4,818)	$ (1,055)	$ (1,963)	$ 23
EARNINGS PER SHARE ATTRIBUTABLE TO THE COMPANY’S STOCKHOLDERS
Basic and diluted	$ (0.07)	$ 0.22	$ 0.02	$ 0.47
Weighted average number of shares outstanding Basic and diluted	14,801,770	14,798,198	14,801,770	14,796,527

Condensed Consolidated Statemen

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Common Stock	Additional paid-in capital	Retained Earnings Unrestricted	Retained Earnings Statutory reserve	Accumulated other Comprehensive income	Amounts due from related party	Total equity attributable to stockholders of the Company	Non-controlling Interest	Total
Balance at Dec. 31, 2017	$ 15	$ 3,620	$ 95,195	$ 17,794	$ 2,585	$ (15,449)	$ 103,760	$ (1,062)	$ 102,698
Balance, shares at Dec. 31, 2017	14,795,992
Net income (loss)			815				815	(228)	587
Net cash paid to related party under counter guarantee agreement						(8,479)	(8,479)		(8,479)
Foreign currency translation gain (loss)					4,023		4,023	(42)	3,981
Balance at Mar. 31, 2018	$ 15	3,620	96,010	17,794	6,608	(23,928)	100,119	(1,332)	98,787
Balance, shares at Mar. 31, 2018	14,795,992
Balance at Dec. 31, 2017	$ 15	3,620	95,195	17,794	2,585	(15,449)	103,760	(1,062)	102,698
Balance, shares at Dec. 31, 2017	14,795,992
Net income (loss)									6,482
Balance at Sep. 30, 2018	$ 15	3,627	102,102	17,794	(4,240)	(20,252)	99,046	(1,428)	97,618
Balance, shares at Sep. 30, 2018	14,798,198
Balance at Mar. 31, 2018	$ 15	3,620	96,010	17,794	6,608	(23,928)	100,119	(1,332)	98,787
Balance, shares at Mar. 31, 2018	14,795,992
Net income (loss)			2,776				2,776	(57)	2,719
Net cash advanced to related party under counter guarantee agreement						2,339	2,339		2,339
Foreign currency translation gain (loss)					(6,656)		(6,656)	70	(6,586)
Balance at Jun. 30, 2018	$ 15	3,620	98,786	17,794	(48)	(21,589)	98,578	(1,319)	97,259
Balance, shares at Jun. 30, 2018	14,795,992
Stock issued for compensation		7					7		7
Stock issued for compensation, shares	2,206
Net income (loss)			3,316				3,316	(140)	3,176
Net cash advanced to related party under counter guarantee agreement						1,337	1,337		1,337
Foreign currency translation gain (loss)					(4,192)		(4,192)	31	(4,161)
Balance at Sep. 30, 2018	$ 15	3,627	102,102	17,794	(4,240)	(20,252)	99,046	(1,428)	97,618
Balance, shares at Sep. 30, 2018	14,798,198
Balance at Dec. 31, 2018	$ 15	3,627	105,914	19,083	(3,578)	(10,354)	114,707	(1,551)	113,156
Balance, shares at Dec. 31, 2018	14,798,198
Stock issued for compensation	$ 4	8					8		8
Stock issued for compensation, shares	1,942
Net income (loss)			(521)				(521)	66	(455)
Net cash received from related party under counter guarantee agreement						1,101	1,101		1,101
Foreign currency translation gain (loss)					3,972		3,972	34	4,006
Balance at Mar. 31, 2019	$ 15	3,635	105,393	19,083	394	(9,253)	119,267	(1,451)	117,816
Balance, shares at Mar. 31, 2019	14,800,140
Balance at Dec. 31, 2018	$ 15	3,627	105,914	19,083	(3,578)	(10,354)	114,707	(1,551)	113,156
Balance, shares at Dec. 31, 2018	14,798,198
Net income (loss)									214
Balance at Sep. 30, 2019	$ 15	3,640	106,173	19,083	(5,822)	(6,648)	116,441	(1,485)	114,956
Balance, shares at Sep. 30, 2019	14,801,770
Balance at Mar. 31, 2019	$ 15	3,635	105,393	19,083	394	(9,253)	119,267	(1,451)	117,816
Balance, shares at Mar. 31, 2019	14,800,140
Net income (loss)			1,856				1,856	(83)	1,773
Net cash received from related party under counter guarantee agreement						1,390	1,390		1,390
Foreign currency translation gain (loss)					(2,487)		(2,487)	34	(2,453)
Balance at Jun. 30, 2019	$ 15	3,635	107,249	19,083	(2,093)	(7,863)	120,026	(1,500)	118,526
Balance, shares at Jun. 30, 2019	14,800,140
Stock issued for compensation	$ 2	5					5		5
Stock issued for compensation, shares	1,630
Net income (loss)			(1,076)				(1,076)	(28)	(1,104)
Net cash advanced to related party under counter guarantee agreement						1,215	1,215		1,215
Foreign currency translation gain (loss)					(3,729)		(3,729)	43	(3,686)
Balance at Sep. 30, 2019	$ 15	$ 3,640	$ 106,173	$ 19,083	$ (5,822)	$ (6,648)	$ 116,441	$ (1,485)	$ 114,956
Balance, shares at Sep. 30, 2019	14,801,770

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 214	$ 6,482
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	6,824	6,523
Loss from sale of property and equipment	16	102
Provision of bad debt allowance	820
Provision for obsolete inventories	3,846	2,697
Deferred income tax	(2,388)	(1,706)
Stock-based compensation	12	7
Changes in operating assets and liabilities
Accounts receivable	312	(15,012)
Inventories	(4,979)	(32,831)
Value added tax receivable	(281)	430
Other receivables and prepaid expenses	3,738	(19,792)
Advances on inventory purchases	(3,214)	(8,199)
Amounts due from related parties	16	4
Accounts payable	6,253	29,547
Accounts payable and other payables- related parties	(692)	153
Other payables and accrued liabilities	(10,594)	14,054
Value added and other taxes payable	(4,120)	(3,892)
Income tax payable	746	311
Net cash used in operating activities	(3,471)	(21,122)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(6,555)	(9,144)
Net cash used in investing activities	(6,555)	(9,144)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from bank loans	42,570	39,872
Repayment of bank loans	(35,620)	(40,225)
Repayment of loans from related party	10,692	3,232
Advances to related party	(6,755)	(8,183)
Net cash used in financing activities	10,887	(5,304)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(650)	(2,827)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	211	(38,397)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	47,012	62,876
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	45,837	24,479
RESTRICTED CASH	1,386
Cash paid during the period for:
Interest	1,036	1,202
Income taxes	$ 4,196	$ 4,427

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	NOTE 1 BASIS OF PRESENTATION Ever-Glory International Group, Inc. (the "Company"), together with its subsidiaries, is an apparel manufacturer, supplier and retailer in The People's Republic of China ("China" or "PRC"), with a wholesale segment and a retail segment. The Company's wholesale business consists of recognized brands for department and specialty stores located in China, Europe, Japan and the United States. The Company's retail business consists of flagship stores and store-in-stores for the Company's own-brand products. The Company's wholesale operations are provided primarily through the Company's wholly-owned PRC subsidiaries, Goldenway Nanjing Garments Co. Ltd. ("Goldenway"), Nanjing Catch-Luck Garments Co. Ltd. ("Catch-Luck"), Nanjing New-Tailun Garments Co. Ltd ("New-Tailun"), Ever-Glory International Group Apparel Inc. ("Ever-Glory Apparel"), Chuzhou Huirui Garments Co. Ltd. ("Huirui"), Nanjing Tai Xin Garments Trading Company Limited ("Tai Xin") and Haian Tai Xin Garments Trading Company Limited ("Haian Taixin"), and the Company's wholly-owned Samoa subsidiary, Ever-Glory International Group (HK) Ltd. ("Ever-Glory HK") and Ever-Glory Supply Chain Service Co., Limited ("Ever-Glory Supply Chain"). The Company's retail operations are provided through its wholly- owned subsidiaries, Shanghai LA GO Fashion Company Limited ("Shanghai LA GO GO"), Jiangsu LA GO Fashion Company Limited ("Jiangsu LA GO GO"), Tianjin LA GO Fashion Company Limited ("Tianjin LA GO GO"), Shanghai Ya Lan Fashion Company Limited ("Ya Lan"), Shanghai Yiduo Fashion Company Limited ("Shanghai Yiduo") and Xizang He Meida Trading Company Limited ("He Meida"). In March 2019, the Company incorporated Haian Tai Xin Garments Trading Company Limited ("Haian Tai Xin") and it is the Company's wholly-owned PRC subsidiary. Haian Tai Xin is engaged in the business of garments manufacturing. In the opinion of management, the accompanying unaudited condensed consolidated financial statements of the Company and its subsidiaries contain all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the condensed consolidated balance sheet as of September 30, 2019, the condensed consolidated statements of income and comprehensive income (loss) and condensed consolidated statements of equity for the three and nine months ended September 30, 2019 and 2018, and cash flows for the nine months ended September 30, 2019 and 2018. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the instructions to Rule 8-03 of Regulation S-X of the Securities and Exchange Commission (the "SEC"). Accordingly, they have been condensed and do not include all of the information and footnotes required by GAAP for complete financial statements. Wholesale revenues are generally higher in the third and fourth fiscal quarters, while retail revenues are generally higher in the first and fourth fiscal quarters. The results of operations for the nine months ended September 30, 2019 are not necessarily indicative of the results of operations to be expected for the full fiscal year. These financial statements should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2018.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 SIGNIFICANT ACCOUNTING POLICIES Revenue Recognition We recognize wholesale revenue from product sales, net of value-added taxes, upon delivery for local sales and upon shipment of the products for export sales, at such time title passes to the customer. We recognize wholesale revenue from manufacturing fees charged to buyers for the assembly of garments from materials provided by the buyers upon completion of the manufacturing process and shipment of the products for export sales. Retail sales are recorded net of promotional discounts, rebates, and return allowances. Retail store sales are recognized at the time of the register receipt. Retail online sales are recognized when products are shipped and customers receive the products because we retain a portion of the risk of loss on these sales during transit. Our revenue recognition policy is in compliance with ASC 606, Revenue from Contracts with Customers (i) identification of the promised goods and services in the contract; (ii) determination of whether the promised goods and services are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. We only apply the five-step model to contracts when it is probable that we will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, we review the contract to determine which performance obligations we must deliver and which of these performance obligations are distinct. We recognize as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Generally, our performance obligations are transferred to customers at a point in time, typically upon delivery for local sales and upon shipment of the products for export sale. For all reporting periods, we have not disclosed the value of unsatisfied performance obligations for all product revenue contracts with an original expected length of one year or less, which is an optional exemption that is permitted under the adopted rules. Derivatives financial instruments From time to time, the Company uses derivative financial instruments to manage its exposure to foreign currency risks arising from operational activities or on certain existing assets and liabilities. The Company does not hold or issue derivative instruments for trading purposes. The Company may enter into forward foreign exchange contracts, foreign exchange options, or foreign exchange currency swap contracts to manage exposure to certain foreign currency operating transactions. These instruments may offset a portion of the foreign currency re-measurement gains or losses, or changes in fair value. The Company may also enter into above similar derivative instruments to hedge the exposure to variability in the expected cash flows of forecasted transactions such as international sales or purchases that the Company expects to receive or commit to remit foreign currencies. In these cases, the Company designates these instruments as the cash flow hedges. Derivative financial instruments are recognized initially at fair value and transaction costs are expensed immediately. Subsequent to initial recognition, derivative financial instruments are stated at fair value. The gain or loss on re-measurement to fair value is recognized immediately in earnings when such instruments are designated as fair value hedges or ineffective portion of cash flow hedges. The accumulated gain or loss from effective portions of cash flow hedges are recorded in accumulated other comprehensive income/(loss) (“AOCI”) until the hedged item is recognized in earnings. If the hedging instrument no longer meets the criteria for hedge accounting, expires or is sold, terminated or exercised, then hedge accounting is discontinued prospectively. Accounts Receivable, net The Company extends unsecured credit to its customers in the ordinary course of business but mitigates the associated risks by performing credit checks and actively pursuing past due accounts. An allowance for doubtful accounts is established and recorded based on management’s assessment of the credit history of its customers and current relationships with them. The Company writes off accounts receivable when amounts are deemed uncollectible. Fair Value Accounting Accounting Standards Codification (“ASC”) 820 “ Fair Value Measurements and Disclosures Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). The fair value of forward exchange contracts is based on broker quotes, if available. If broker quotes are not available, then fair value is estimated by discounting the difference between the contractual forward price and the current forward price at the reporting date for the residual maturity of the contract using a risk-free interest rate based on government bonds. As of September 30, 2019 and 2018, the Company’s financial assets (all Level 1) consist of cash placed with financial institutions that management considers to be of a high quality. As of September 30, 2019, the Company has one derivative liability subjects to recurring fair value measurement (Level 2) with the change in fair value recognized in earnings (Note 5). Management has estimated that the carrying amounts of non-related party financial instruments approximate their fair values due to their short-term maturities. The fair value of amounts due from (to) related parties is not practicable to estimate due to the related party nature of the underlying transactions. The Company has adopted ASC 825-10 “ Financial Instruments Foreign Currency Translation and Other Comprehensive Income The reporting currency of the Company is the U.S. dollar. The functional currency of Ever-Glory, Perfect Dream, Ever-Glory HK and Ever-Glory Supply Chain is the U.S. dollar. The functional currency of Goldenway, New Tailun, Catch-luck, Ever-Glory Apparel, Shanghai LA GO GO, Jiangsu LA GO GO, Tianjin LA GO GO, Shanghai Yiduo, Ya Lan, He Meida, Huirui, Taixin and Haian Taixin is the Chinese RMB. For subsidiaries whose functional currency is the RMB, all assets and liabilities were translated at the exchange rate at the balance sheet date; equity was translated at historical rates and items in the statement of comprehensive income were translated at the average rate for the period. Translation adjustments resulting from this process are included in accumulated other comprehensive income. The resulting translation gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Items in the cash flow statement are translated at the average exchange rate for the period. Income Taxes ASC 740 states “Deferred tax assets are recognized in full and then reduced by a valuation allowance if it is more likely than not that some or all of the deferred tax assets will not be recognized.” A deferred tax asset is a tax reduction whose recognition is delayed due to deductible temporary differences and loss carryforwards. This can result in a change in taxes payable or refundable in future periods. A business should create a valuation allowance for a deferred tax asset if there is a more than 50% probability that the company will not realize some portion of the asset. Any changes to this allowance are to be recorded within income from continuing operations on the income statement. The need for a valuation allowance is especially likely if a business has a history of letting various loss carryforwards expire unused, or it expects to incur losses in the next few years. Lease The Company determines if an arrangement contains a lease at inception. The Company elected the practical expedient, for all asset classes, to account for each lease component of a contract and its associated non-lease components as a single lease component, rather than allocating a standalone value to each component of a lease. For purposes of calculating operating lease obligations under the standard, the Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such option. The Company’s leases do not contain material residual value guarantees or material restrictive covenants. Operating lease expense is recognized on a straight-line basis over the lease terms. The discount rate used to measure a lease obligation is usually the rate implicit in the lease; however, the Company’s operating leases generally do not provide an implicit rate. Accordingly, the Company uses its incremental borrowing rate at lease commencement to determine the present value of lease payments. The incremental borrowing rate is an entity-specific rate which represents the rate of interest a lessee would pay to borrow on a collateralized basis over a similar term with similar payments. Significant assumptions and judgments made as part of the adoption of this new lease standard include determining (i) whether a contract contains a lease, (ii) whether a contract involves an identified asset, and (iii) which party to the contract directs the use of the asset. The discount rates used to calculate the present value of lease payments were determined based on hypothetical borrowing rates available to the Company over terms similar to the lease terms. Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13 “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” In October 2018, the FASB issued ASU No. 2018-17 “Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities” In April 2019, the FASB issued ASU No. 2019-04 “Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments” The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company’s condensed consolidated financial statements.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 3 INVENTORIES Inventories at September 30, 2019 and December 31, 2018 consisted of the following: September 30, December 31, (In thousands of Raw materials $ 995 $ 6,805 Work-in-progress 13,542 3,308 Finished goods 50,751 55,816 Total inventories $ 65,288 $ 65,929

Bank Loans

Bank Loans	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
BANK LOANS	NOTE 4 BANK LOANS Bank loans represent amounts due to various banks and are generally due on demand or within one year. These loans can be renewed with the banks. Short term bank loans consisted of the following as of September 30, 2019 and December 31, 2018. September 30, December 31, Bank (In thousands of Industrial and Commercial Bank of China $ 18,382 $ 14,540 Nanjing Bank 9,191 5,089 China Minsheng Bank 2,828 2,908 Bank of Communications 2,814 2,893 Shanghai Pudong Development Bank - 2,613 China Everbright Bank - 1,454 HSBC 2,277 - $ 35,492 $ 29,497 In December 2016, Goldenway entered into a line of credit agreement with Industrial and Commercial Bank of China, which allows the Company to borrow up to approximately $8.5 million (RMB60.0 million). These loans are collateralized by the Company's property and equipment. As of September 30, 2019, Goldenway had borrowed $5.7 million (RMB 40.0 million) under this line of credit with an annual interest rate of 3.92% and due on November 2019. As of September 30, 2019, approximately $2.8 million was unused and available under this line of credit. In November 2018, Ever-Glory Apparel entered into a line of credit agreement for approximately $14.1 million (RMB100.0 million) with Industrial and Commercial Bank of China and collateralized by assets of Jiangsu Ever-Glory's equity investee, Nanjing Knitting, under a collateral agreement executed among Ever-Glory Apparel, Nanjing Knitting and the bank. As of September 30, 2019, Ever-Glory Apparel had borrowed $12.7 million (RMB 90.0 million) under this line of credit with annual interest rates ranging from 4.57% to 4.70% and due on various dates from October 2019 to May 2020. As of September 30, 2019, approximately $1.4 million was unused and available under this line of credit. In August 2018, Goldenway entered into a line of credit agreement with Nanjing Bank, which allows the Company to borrow up to approximately $7.1 million (RMB50.0 million). These loans are guaranteed by Jiangsu Ever-Glory International Group Corp. ("Jiangsu Ever-Glory"), an entity controlled by Mr. Kang, the Company's Chairman and Chief Executive Officer. These loans are also collateralized by the Company's property and equipment. As of September 30, 2019, approximately $7.1 million was unused and available under this line of credit. In August 2018, Ever-Glory Apparel entered into a line of credit agreement for approximately $8.5 million (RMB60.0 million) with Nanjing Bank and guaranteed by Jiangsu Ever-Glory, Mr. Kang and Goldenway. As of September 30, 2019, Ever-Glory Apparel had borrowed $7.1 million (RMB50.0 million) from Nanjing Bank with an annual interest rate 5.0% and due on various dates from December 2019 to June 2020. As of September 30, 2019, approximately $1.4 million was unused and available under this line of credit. In May 2018, LA GO GO entered into a revolving line of credit agreement with Nanjing Bank, which allows the Company to borrow up to approximately $2.8 million (RMB20.0 million). The line of credit is guaranteed by Mr. Kang and Goldenway. As of September 30, 2019, LA GO GO had borrowed $2.1 million (RMB15.0 million) from Nanjing Bank with an annual interest rate 5.2% and due on June 2020. As of September 30, 2019, approximately $0.7 million was unused and available under this line of credit. In June 2018, LA GO GO entered into a line of credit agreement for approximately $2.8 million (RMB20.0 million) with China Minsheng Bank and guaranteed by Ever-Glory Apparel and Mr. Kang. As of September 30, 2019, LA GO GO had borrowed $2.8 million (RMB20.0 million) from China Minsheng Bank with an annual interest rate of 4.79% and due in October 2019. In November 2018, LA GO GO entered into a line of credit agreement for approximately $2.8 million (RMB19.9 million) with the Bank of Communications and guaranteed by Jiangsu Ever-Glory, Ever-Glory Apparel and Jiangsu LAGOGO. As of September 30, 2019, LA GO GO had borrowed $2.8 million (RMB19.9 million) from the Bank of Communications with an annual interest rate 4.57% and due on variable dates from November 2019 to January 2020. In July 2018, Ever-Glory Apparel entered into a line of credit agreement for approximately $2.8 million (RMB20.0 million) with the Shanghai Pudong Development Bank and guaranteed by Goldenway. As of September 30, 2019, approximately $2.8 million was unused and available under this line of credit. In March 2019, Ever-Glory Apparel and Goldenway collectively entered into a secured banking facility agreement for a combined revolving import facility, letter of credit, invoice financing facilities and a credit line for treasury products of up to $2.5 million with the Nanjing Branch of HSBC (China) Company Limited ("HSBC"). This agreement is guaranteed by the Company and Mr. Kang. As of September 2019, Ever-Glory Apparel had collateralized approximately $2.3 million of accounts receivable from our wholesale customers. These bank loans are to be repaid upon receipt of payments from customers. As of September 30, 2019, approximately $0.2 million was unused and available under this line of credit. All loans have been repaid before or at maturity date. Total interest expense on bank loans amounted to $1.0 million and $1.2 million for the nine months ended September 30, 2019 and 2018, respectively, and $0.2 million and $0.2 million for the three months ended September 30, 2019 and 2018, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2019
Derivative Financial Instruments
Derivative Financial Instruments	NOTE 5 Derivative Financial Instruments Foreign currency swap contracts During 2018, the Company had entered into four foreign currency swap contracts with three banks. Due to the increased demand of effective control on financial management for daily operations, Ever-Glory Apparel had entered into different foreign currency swap contracts to exchange $6.0 million for equivalent RMB with Bank of China in May, entered into a foreign currency swap contract to exchange $3.0 million for equivalent RMB with Industrial and Commercial Bank of China in June and entered into a foreign currency swap contract to exchange $6.0 million and $4.0 million for equivalent RMB with Shanghai Pudong Development Bank in July. The terms of the three foreign currency contracts are both six months and the contract of $4.0 million with Shanghai Pudong Development Bank is three months. Ever-Glory Apparel and the banks swapped two currencies by same pre-determined exchange rate at the beginning and end of the contracts. During the period, the Company pays annual interest of 1.43% for the RMB received and receives 0 interest for the USD exchanged with the Bank of China and Industrial and Commercial Bank of China. The company pays annual interest of 0.98% for the RMB received and receives 0.0001% interest for the USD exchanged with Shanghai Pudong Development Bank. If the Company failed to execute the exchange at the expiration of contracts, the banks would sell the USD at the market rate then the difference in RMB will be converted into bank loan for the Company. As of December 31, 2018, the fair value of principal amounts are included in other receivable ($4.0 million plus unrealized gain) and other payables (equivalent RMB payables) in the consolidated balance sheets, and unrealized gain of $0.2 million for the year ended December 31, 2018 is recognized in the income from operations. In September 2019, Ever-Glory Apparel entered into a 15-day foreign currency swap contract with Industrial and Commercial Bank of China. The Company agreed to exchanged $4.9 million for EUR on September 26 and then to re-exchange these currencies on the swap maturity date of October 8, 2019. As of September 30, 2019, the unrealized foreign currency exchange gain of the asset was $2.6 thousands. The final realized gain is $4.1 thousands in October 2019. Forward foreign exchange contracts To avoid foreign currency fluctuation on forecasted international sales and secure the profits on such revenues, the Company entered several forward foreign exchange contracts with banks from time to time. According to ASC 815-20-25, the Company designated above contracts as cash flow hedges. At December 31, 2018, the Company did not have any outstanding derivative contracts. As of September 30, 2019, the Company had one outstanding forward foreign exchange contracts (sell USD dollars for RMB), with total notional amount of $8.0 million. The unrealized income of this contract at September 30, 2019 was $58.6 thousands.

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
LEASES	NOTE 6 LEASES The Company recognized operating lease liabilities and operating lease right-of-use assets on its balance sheets. ROU assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. The company has leases with fixed payments for land-use-rights, warehouses and logistics centers, flagship stores, and leases with variable payments for stores within shopping malls (“shopping mall stores”) in the PRC, which are classified as operating leases. Options to extend or renew are recognized as part of the lease liabilities and recognized as right of use assets. There are no residual value guarantees and no restrictions or covenants imposed by the leases. The followings are lists of leases: (i) the terms of Shanghai LAGOGO land use right and buildings are 34 years; (ii) the terms of Kunshan logistics center and Chuzhou logistics center are 5 years; (iii) the terms of flagship stores are 3 years. The lease term for shopping mall stores is commonly one year with options to extend or renew, and the rent is predetermined with a percentage of sales. The Company estimates the next 12 months rent for the shopping mall stores by annualizing current period rent calculated with the percentage of sales. Thus, the ROU assets and lease liabilities may vary significantly at different period ends. In the nine months ended September 30, 2019, the costs of the leases recognized in cost of revenues and general administrative expenses are $5.9 and $0.6 million, respectively. Cash paid for the operating leases including in the operating cash flows was $6.5 million. As of September 30, 2019, the Company has $35.2 million of right-of-use assets, $26.8 million in current operating lease liabilities and $8.4 million in non-current operating lease liabilities as of September 30, 2019.

Income Tax

Income Tax	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
INCOME TAX	NOTE 7 INCOME TAX The Company's operating subsidiaries are governed by the Income Tax Law of the PRC concerning Foreign Investment Enterprises and Foreign Enterprises and various local income tax laws (the "Income Tax Laws"). All PRC subsidiaries, except for He Meida, are subject to income tax at the 25% statutory rate. He Meida incorporated in Xizang (Tibet) Autonomous Region is subject to income tax at 15% statutory rate. The local government has implemented an income tax reduction from 15% to 9% valid through December 31, 2019. Perfect Dream was incorporated in the British Virgin Islands (BVI), and under the current laws of the BVI, dividends and capital gains arising from the Company's investments in the BVI are not subject to income taxes. Ever-Glory HK was incorporated in Samoa, and under the current laws of Samoa, has no liabilities for income taxes. Ever-Glory Supply Chain Service Co., Limited was incorporated in Hong Kong, and under the current laws of Hong Kong, are subject to income tax at the 16.5% statutory rate. The PRC's Enterprise Income Tax Law imposes a 10% withholding income tax for dividends distributed by a foreign invested enterprise in PRC to its immediate holding company outside China; such distributions were exempted under the previous income tax law and regulations. A lower withholding tax rate will be applied if there is a tax treaty arrangement between mainland China and the jurisdiction of the foreign holding company. The foreign invested enterprise became subject to the withholding tax starting from January 1, 2008. Given that the undistributed profits of the Company's subsidiaries in China are intended to be retained in China for business development and expansion purposes, no withholding tax accrual has been made. After the tax assets and liabilities adjustment resulted from the reevaluation of the Company's tax position (resulting in the company allocating substantially all of the earnings of the Samoan subsidiary to the PRC and reporting such earnings as taxable in the PRC), pre-tax income (loss) for the three and nine months ended September 30, 2019 and 2018 was taxable in the following jurisdictions: Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 (In thousands of U.S. Dollars) PRC $ (714 ) $ 4,084 $ 2,891 $ 9,445 Others (3 ) - (10 ) (14 ) 　 $ (717 ) $ 4,084 $ 2,881 $ 9,431 The following table reconciles the PRC statutory rates to the Company's effective tax rate for the three and nine months ended September 30, 2019 and 2018: Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 PRC statutory rate 25.0 % 25.0 % 25.0 % 25.0 % Net operating losses for which no deferred tax assets was recognized 0.2 18.5 78.0 8.1 Other (79.1 ) (21.3 ) (10.5 ) (1.8 ) Effective income tax rate (53.9 )% 22.2 % 92.5 % 31.3 % Income tax expense for the three and nine months ended September 30, 2019 and 2018 is as follows: Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 Current $ 387 $ 1,853 $ 2,377 $ 4,737 Deferred - (945 ) 290 (1,788 ) Income tax expense $ 387 $ 908 $ 2,667 $ 2,949 The Company's deferred tax liabilities arise from differences between US GAAP and PRC tax accounting for certain revenue and expense items, including timing of deduction of losses from allowances. The Company has not recorded U.S. deferred income taxes on approximately $104.3 million of its non-U.S. subsidiaries' undistributed earnings because such amounts are intended to be reinvested outside the United States indefinitely. The U.S. Tax Reform signed into law on December 22, 2017 significantly modified the U.S. Internal Revenue Code by, among other things, reducing the statutory U.S. federal corporate income tax rate from 35% to 21% for taxable years beginning after December 31, 2017; limiting and/or eliminating many business deductions; migrating the U.S. to a territorial tax system with a one-time transition tax on a mandatory deemed repatriation of previously deferred foreign earnings of certain foreign subsidiaries; subject to certain limitations, generally eliminating U.S. corporate income tax on dividends from foreign subsidiaries; and providing for new taxes on certain foreign earnings. The Company measured the current and deferred taxes based on the provisions of the Tax legislation. After the Company's measurement, no deferred tax expense (income) relating to the Tax Act changed for the three and nine months ended September 30, 2019.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 8 EARNINGS PER SHARE The following demonstrates the calculation for earnings per share for the three and nine months ended September 30, 2019 and 2018: Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 Weighted average number of common shares – Basic and diluted 14,801,770 14,798,198 14,801,770 14,796,527 Earnings per share – Basic and diluted $ (0.07 ) $ 0.22 $ 0.02 $ 0.47

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 9 STOCKHOLDERS' EQUITY On July 26, 2018, the Company issued 2,206 shares of Company's common stock to two of the Company's independent directors as compensation for their services rendered during the fourth quarter of 2017, and the first and second quarters of 2018 as directors. The shares issued in 2018 were valued at $3.39 per share, which was the average market price of the common stock for the five days before the grant date. On January 31, 2019, the Company issued 1,942 shares of Company's common stock to two of the Company's independent directors as compensation for their services rendered during the third and fourth quarter of 2018. The shares issued in 2019 were valued at $3.8 per share, which was the average market price of the common stock for the five days before the grant date. On July 26, 2019, the Company issued 1,630 shares of Company's common stock to two of the Company's independent directors as compensation for their services rendered during the first and second quarter of 2019. The shares issued in 2019 were valued at $3.04 per share, which was the average market price of the common stock for the five days before the grant date.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 10 RELATED PARTY TRANSACTIONS Mr. Kang is the Company's Chairman and Chief Executive Officer. Ever-Glory Enterprises (HK) Ltd. (Ever-Glory Enterprises) is the Company's major shareholder. Mr. Xiaodong Yan was Ever-Glory Enterprises' sole shareholder and sole director. Mr. Huake Kang, Mr. Kang's son, acquired 83% interest of Ever-Glory Enterprises and became its sole director in 2014. All transactions associated with the following companies controlled by Mr. Kang or his son are considered to be related party transactions, and it is possible that the terms of these transactions may not be the same as those that would result from transactions between unrelated parties. All related party outstanding balances are short-term in nature and are expected to be settled in cash. Other income from Related Parties Jiangsu Wubijia Trading Company Limited ("Wubijia") is an entity engaged in high-grade home goods sales and is controlled by Mr. Kang. Wubijia has sold their home goods on consignment in certain Company's retail stores since the third quarter of 2014. During the three and nine months ended September 30, 2019 and 2018, the Company received $10,868, $56,523, $17,961 and $69,502 from the customers and paid $10,935, $50,021, $18,077 and $57,395 to Wubijia through the consignment, respectively. The net income (loss) of ($67), $6,503, ($117) and $12,106 was recorded as other income (expenses) during the three and nine months ended September 30, 2019 and 2018, respectively. Other expenses due to Related Parties Included in other expenses for the three and nine months ended September 30, 2019 and 2018 are rent costs due to entities controlled by Mr. Kang under operating lease agreements as follows: Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 (In thousands of U.S. Dollars) Chuzhou Huarui 52 48 140 157 Kunshan Enjin 22 11 66 38 Total $ 74 $ 59 $ 206 $ 195 The Company leases Chuzhou Huarui and Kunshan Enjin's warehouse spaces because the locations are convenient for transportation and distribution. Purchases from and Sub-contracts with Related Parties In addition, sub-contracts with related parties included in cost of sales for the three and nine months ended September 30, 2019 and 2018 are as follows: Three Months Ended Nine Months Ended 2019 2018 2019 2018 (In thousands of U.S. Dollars) Chuzhou Huarui $ 1,197 $ 653 $ 4,664 $ 2,526 Fengyang Huarui 1,071 911 1,619 1,962 Nanjing Ever-Kyowa 342 392 1,097 1,067 Ever-Glory Vietnam 4,689 6,754 9,737 11,928 Nanjing Knitting 339 - 939 - EsCeLav 28 10 129 31 Jiangsu Ever-Glory 345 664 815 685 $ 8,011 $ 9,384 $ 19,000 $ 18,199 Accounts Payable – Related Parties The accounts payable to related parties at September 30, 2019 and December 31, 2018 are as follows: 2019 2018 (In thousands of Ever-Glory Vietnam $ 1,920 1,863 Fengyang Huarui 388 622 Nanjing Ever-Kyowa 279 580 Chuzhou Huarui 1,142 888 Nanjing Knitting 146 171 Jiangsu Ever-Glory 480 632 Total $ 4,355 $ 4,756 Amounts Due From Related Parties-current assets The amounts due from related parties at September 30, 2019 and December 31, 2018 are as follows: 2019 2018 (In thousands of Jiangsu Ever-Glory $ 123 $ 122 Esc'elav - 70 Total $ 123 $ 192 Jiangsu Ever-Glory is an entity engaged in importing/exporting, apparel-manufacture, real-estate development, car sales and other activities. Jiangsu Ever-Glory is controlled by Mr. Kang. During three and nine months ended September 30, 2019 and 2018, the Company and Jiangsu Ever-Glory purchased raw materials on behalf of each other in order to obtain cheaper purchase prices. The Company purchased raw materials on Jiangsu Ever-Glory's behalf and sold to Jiangsu Ever-Glory at a cost of $0.8 million, $0.8 million, $0.4 million and $0.7 million during the three and nine months period ended September 30, 2019 and 2018, respectively. Jiangsu Ever-Glory purchased raw materials on the Company's behalf and sold to the Company at a cost of $0 million, $0.1 million, $0.3 million and $0.4 million during the three and nine months ended September 30, 2019 and 2018, respectively. Amounts Due From Related Party under Counter Guarantee Agreement In March 2012, in consideration of the guarantees and collateral provided by Jiangsu Ever-Glory and Nanjing Knitting, the Company agreed to provide Jiangsu Ever-Glory a counter guarantee in the form of cash of not less than 70% of the maximum aggregate lines of credit obtained by the Company. Jiangsu Ever-Glory is obligated to return the full amount of the counter-guarantee funds provided upon expiration or termination of the underlying lines of credit and is to pay annual interest at the rate of 6.0% of amounts provided. As of September 30, 2019 and December 31, 2018, Jiangsu Ever-Glory has provided guarantees for approximately $32.5 million (RMB 230 million) and $33.4 million (RMB 230 million) of lines of credit obtained by the Company, respectively. Jiangsu Ever-Glory and Nanjing Knitting have also provided their assets as collateral for certain of these lines of credit. The value of the collateral, as per appraisals obtained by the banks in connection with these lines of credit is approximately $29.1 million (RMB 205.5 million) and $29.9 million (RMB 205.5 million) as of September 30, 2019 and December 31, 2018, respectively. Mr. Kang has also provided a personal guarantee for $16.4 million (RMB 117.7 million) and $14.5 million (RMB 100.0 million) as of September 30, 2019 and December 31, 2018, respectively. At December 31, 2018, $9.9 million (RMB 68.2 million) was outstanding due from Jiangsu Ever-Glory under the counter guarantee agreement. During the nine months ended September 30, 2019, an additional $6.8 million (RMB 46.3 million) was provided to and $10.7 million (RMB 73.3 million) was received from Jiangsu Ever-Glory under the counter-guarantee. As of September 30, 2019, the amount of the counter-guarantee was $5.8 million (RMB 41.3 million) (the difference represents currency exchange adjustment of $0.1 million), which was 17.9% of the aggregate amount of lines of credit. The increase of the percentage in this quarter was mainly due to China's credit tightening policy. Obtaining bank loan requires a higher guarantee deposit in this quarter. This amount plus accrued interest of $0.6 million have been classified as a reduction of equity, consistent with the guidance of SEC Staff Accounting Bulletins 4E and 4G. At September 30, 2019 and December 31, 2018, the amount classified as a reduction of equity was $6.6 million and $10.4 million, respectively. Interest of 0.5% is charged on net amounts due from Jiangsu Ever-Glory at each month end. Since January 1, 2019, interest rate has changed to 0.3625% as the bank benchmark interest rate decreased. Interest income for the three and nine months ended September 30, 2019 and 2018 was approximately $0.05 million, $0.2 million, $0.3 million and $1.0 million, respectively.

Concentrations and Risks

Concentrations and Risks	9 Months Ended
	Sep. 30, 2019
Risks and Uncertainties [Abstract]
CONCENTRATIONS AND RISKS	NOTE 11 CONCENTRATIONS AND RISKS The Company extends unsecured credit to its customers in the normal course of business and generally does not require collateral. As a result, management performs ongoing credit evaluations, and the Company maintains an allowance for potential credit losses based upon its loss history and its aging analysis. Based on management's assessment of the amount of probable credit losses, if any, in existing accounts receivable, the allowance for doubtful accounts at September 30, 2019 and December 31, 2018 was $4.5 million and $5.9 million, respectively. Management reviews the allowance for doubtful accounts each reporting period based on a detailed analysis of accounts receivable. In the analysis, management primarily considers the age of the customer's receivable and also considers the credit worthiness of the customer, the economic conditions of the customer's industry, and general economic conditions and trends, among other factors. If any of these factors change, the Company may also change its original estimates, which could impact the level of the Company's future allowance for doubtful accounts. If judgments regarding the collectability of accounts receivables are incorrect, adjustments to the allowance may be required, which would reduce profitability. For the nine months ended September 30, 2019, the Company had one wholesale customer that represented approximately 17%of the Company's revenues. For the three months ended September 30, 2019, the Company had one wholesale customer that represented approximately 10% of the Company's revenues. For the nine-months ended September 30, 2018, the Company had two wholesale customers that represented more than 11% and 12% of the Company's revenues. For the three-month period ended September 30, 2018, the Company had two wholesale customers that represented approximately 7% and 7% of the Company's revenues. For the wholesale business, the Company did not rely on any raw material supplier that represented more than 10% of the total raw material purchases during the three and nine months ended September 30, 2019 and 2018. For the retail business, the Company relied on four raw material suppliers that represented approximately 28%, 27%, 18% and 15% of raw material purchases during the nine months ended September 30, 2019. For the Company's retail business, the Company had two suppliers that represented approximately 22% and 19% of raw materials purchases during the three months ended September 30, 2018. For the wholesale business, the Company did not rely on any finished goods supplier that represented more than 10% of the total raw material purchases during the three and nine months ended September 30, 2019 and 2018. For the retail business, the Company did not rely on any supplier that represented more than 10% of the total finished goods purchases during the three and nine months ended September 30, 2019 and 2018. The Company's revenues for the three and nine months ended September 30, 2019 and 2018 were earned in the following geographic areas: Three months ended Nine months ended 2019 2018 2019 2018 (In thousands of U.S. Dollars) The People's Republic of China $ 23,241 $ 25,853 $ 40,486 $ 39,195 Hong Kong China 14,574 18,427 22,291 30,982 Germany 981 2,750 2,708 5,515 United Kingdom 10,555 8,254 13,393 13,353 Europe-Other 12,523 19,707 21,977 29,993 Japan 10,056 2,371 16,304 6,689 United States 9,807 8,321 29,931 24,026 Total wholesale business 81,737 85,683 147,090 149,753 Retail business 31,589 39,797 131,508 157,053 Total $ 113,326 $ 125,480 $ 278,598 $ 306,806

Segments

Segments	9 Months Ended
	Sep. 30, 2019
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
SEGMENTS	NOTE 12 SEGMENTS The Company reports financial and operating information in the following two segments: (a) Wholesale segment (b) Retail segment Wholesale Retail Total (In thousands of U.S. Dollars) Nine months ended September 30, 2019 Segment profit or loss: Net revenue from external customers $ 147,090 131,508 278,598 Income from operations $ 6,925 (5,323 ) 1,602 Interest income $ 673 26 699 Interest expense $ 775 261 1,036 Depreciation and amortization $ 1,179 5,645 6,824 Income tax expense $ 1,617 1,050 2,667 Segment assets: Additions to property, plant and equipment 1,069 5,486 6,555 Total assets 114,789 170,456 285,245 Nine months ended September 30, 2018 Segment profit or loss: Net revenue from external customers $ 149,753 157,053 306,806 Income from operations $ 6,935 1,593 8,528 Interest income $ 968 35 1,003 Interest expense $ 976 226 1,202 Depreciation and amortization $ 834 5,689 6,523 Income tax expense $ 1,800 1,149 2,949 Segment assets: Additions to property, plant and equipment 1,322 7,822 9,144 Total assets 121,951 150,334 272,285 Wholesale Retail Total (In thousands of U.S. Dollars) Three months ended September 30, 2019 Segment profit or loss: Net revenue from external customers $ 81,737 31,589 113,326 Income from operations $ 4,551 (5,720 ) (1,169 ) Interest income $ 206 9 215 Interest expense $ 203 62 265 Depreciation and amortization $ 706 1,628 2,334 Income tax expense $ 143 244 388 Three months ended September 30, 2018 Segment profit or loss: Net revenue from external customers $ 85,683 39,797 125,480 Income from operations $ 4,302 (348 ) 3,954 Interest income $ 304 3 307 Interest expense $ 194 84 278 Depreciation and amortization $ 233 1,387 1,620 Income tax expense $ 1,085 (177 ) 908

Commitment and Contingencies

Commitment and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENT AND CONTINGENCIES	NOTE 13 COMMITMENT AND CONTINGENCIES On March 2019, Shanghai La Go Go Fashion Company Limited ("LA GO GO") filed a complaint against Shanghai Chijing Investment Management Co., Ltd. ("Shanghai Chijing") for unpaid rent of RMB2.45 million ($0.36 million) in the Shanghai People's Court (the "Court"). On July 2019, Shanghai Chijing filed a counterclaim against LA GO GO for RMB15.38 million ($2.17 million), alleging that LA GO GO had not fulfilled its corresponding obligations as a landlord. As a result, the Court has frozen the bank accounts of both Shanghai Chijing and LA GO GO. As of September 30, 2019, a total balance of RMB9.79 million ($1.4 million) was frozen in the bank accounts of LA GO GO. LA GO GO believes that Shanghai Chijing's counterclaim is frivolous and without merit, and intends to rigorously defend against the counterclaim. As of September 30, 2019, the company had booked this restricted cash in other receivables.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	NOTE 14 SUBSEQUENT EVENTS The Company has performed an evaluation of subsequent events through the time of filing this quarterly report on Form 10-Q with the SEC. During this period the Company did not have any additional material recognizable subsequent events.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Revenue Recognition	Revenue Recognition We recognize wholesale revenue from product sales, net of value-added taxes, upon delivery for local sales and upon shipment of the products for export sales, at such time title passes to the customer. We recognize wholesale revenue from manufacturing fees charged to buyers for the assembly of garments from materials provided by the buyers upon completion of the manufacturing process and shipment of the products for export sales. Retail sales are recorded net of promotional discounts, rebates, and return allowances. Retail store sales are recognized at the time of the register receipt. Retail online sales are recognized when products are shipped and customers receive the products because we retain a portion of the risk of loss on these sales during transit. Our revenue recognition policy is in compliance with ASC 606, Revenue from Contracts with Customers (i) identification of the promised goods and services in the contract; (ii) determination of whether the promised goods and services are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. We only apply the five-step model to contracts when it is probable that we will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, we review the contract to determine which performance obligations we must deliver and which of these performance obligations are distinct. We recognize as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Generally, our performance obligations are transferred to customers at a point in time, typically upon delivery for local sales and upon shipment of the products for export sale. For all reporting periods, we have not disclosed the value of unsatisfied performance obligations for all product revenue contracts with an original expected length of one year or less, which is an optional exemption that is permitted under the adopted rules.
Derivatives financial instruments	Derivatives financial instruments From time to time, the Company uses derivative financial instruments to manage its exposure to foreign currency risks arising from operational activities or on certain existing assets and liabilities. The Company does not hold or issue derivative instruments for trading purposes. The Company may enter into forward foreign exchange contracts, foreign exchange options, or foreign exchange currency swap contracts to manage exposure to certain foreign currency operating transactions. These instruments may offset a portion of the foreign currency re-measurement gains or losses, or changes in fair value. The Company may also enter into above similar derivative instruments to hedge the exposure to variability in the expected cash flows of forecasted transactions such as international sales or purchases that the Company expects to receive or commit to remit foreign currencies. In these cases, the Company designates these instruments as the cash flow hedges. Derivative financial instruments are recognized initially at fair value and transaction costs are expensed immediately. Subsequent to initial recognition, derivative financial instruments are stated at fair value. The gain or loss on re-measurement to fair value is recognized immediately in earnings when such instruments are designated as fair value hedges or ineffective portion of cash flow hedges. The accumulated gain or loss from effective portions of cash flow hedges are recorded in accumulated other comprehensive income/(loss) ("AOCI") until the hedged item is recognized in earnings. If the hedging instrument no longer meets the criteria for hedge accounting, expires or is sold, terminated or exercised, then hedge accounting is discontinued prospectively.
Accounts Receivable, net	Accounts Receivable, net The Company extends unsecured credit to its customers in the ordinary course of business but mitigates the associated risks by performing credit checks and actively pursuing past due accounts. An allowance for doubtful accounts is established and recorded based on management's assessment of the credit history of its customers and current relationships with them. The Company writes off accounts receivable when amounts are deemed uncollectible.
Fair Value Accounting	Fair Value Accounting Accounting Standards Codification ("ASC") 820 " Fair Value Measurements and Disclosures Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). The fair value of forward exchange contracts is based on broker quotes, if available. If broker quotes are not available, then fair value is estimated by discounting the difference between the contractual forward price and the current forward price at the reporting date for the residual maturity of the contract using a risk-free interest rate based on government bonds. As of September 30, 2019 and 2018, the Company's financial assets (all Level 1) consist of cash placed with financial institutions that management considers to be of a high quality. As of September 30, 2019, the Company has one derivative liability subjects to recurring fair value measurement (Level 2) with the change in fair value recognized in earnings (Note 5). Management has estimated that the carrying amounts of non-related party financial instruments approximate their fair values due to their short-term maturities. The fair value of amounts due from (to) related parties is not practicable to estimate due to the related party nature of the underlying transactions. The Company has adopted ASC 825-10 " Financial Instruments
Foreign Currency Translation and Other Comprehensive Income	Foreign Currency Translation and Other Comprehensive Income The reporting currency of the Company is the U.S. dollar. The functional currency of Ever-Glory, Perfect Dream, Ever-Glory HK and Ever-Glory Supply Chain is the U.S. dollar. The functional currency of Goldenway, New Tailun, Catch-luck, Ever-Glory Apparel, Shanghai LA GO GO, Jiangsu LA GO GO, Tianjin LA GO GO, Shanghai Yiduo, Ya Lan, He Meida, Huirui, Taixin and Haian Taixin is the Chinese RMB. For subsidiaries whose functional currency is the RMB, all assets and liabilities were translated at the exchange rate at the balance sheet date; equity was translated at historical rates and items in the statement of comprehensive income were translated at the average rate for the period. Translation adjustments resulting from this process are included in accumulated other comprehensive income. The resulting translation gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Items in the cash flow statement are translated at the average exchange rate for the period.
Income Tax	Income Taxes ASC 740 states “Deferred tax assets are recognized in full and then reduced by a valuation allowance if it is more likely than not that some or all of the deferred tax assets will not be recognized.” A deferred tax asset is a tax reduction whose recognition is delayed due to deductible temporary differences and loss carryforwards. This can result in a change in taxes payable or refundable in future periods. A business should create a valuation allowance for a deferred tax asset if there is a more than 50% probability that the company will not realize some portion of the asset. Any changes to this allowance are to be recorded within income from continuing operations on the income statement. The need for a valuation allowance is especially likely if a business has a history of letting various loss carryforwards expire unused, or it expects to incur losses in the next few years.
Lease	Lease The Company determines if an arrangement contains a lease at inception. The Company elected the practical expedient, for all asset classes, to account for each lease component of a contract and its associated non-lease components as a single lease component, rather than allocating a standalone value to each component of a lease. For purposes of calculating operating lease obligations under the standard, the Company's lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such option. The Company's leases do not contain material residual value guarantees or material restrictive covenants. Operating lease expense is recognized on a straight-line basis over the lease terms. The discount rate used to measure a lease obligation is usually the rate implicit in the lease; however, the Company's operating leases generally do not provide an implicit rate. Accordingly, the Company uses its incremental borrowing rate at lease commencement to determine the present value of lease payments. The incremental borrowing rate is an entity-specific rate which represents the rate of interest a lessee would pay to borrow on a collateralized basis over a similar term with similar payments. Significant assumptions and judgments made as part of the adoption of this new lease standard include determining (i) whether a contract contains a lease, (ii) whether a contract involves an identified asset, and (iii) which party to the contract directs the use of the asset. The discount rates used to calculate the present value of lease payments were determined based on hypothetical borrowing rates available to the Company over terms similar to the lease terms.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13 "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" In October 2018, the FASB issued ASU No. 2018-17 "Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities" In April 2019, the FASB issued ASU No. 2019-04 "Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments" The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company's condensed consolidated financial statements.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Schedule of inventories	September 30, December 31, (In thousands of Raw materials $ 995 $ 6,805 Work-in-progress 13,542 3,308 Finished goods 50,751 55,816 Total inventories $ 65,288 $ 65,929

Bank Loans (Tables)

Bank Loans (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of short-term bank loans	September 30, December 31, Bank (In thousands of Industrial and Commercial Bank of China $ 18,382 $ 14,540 Nanjing Bank 9,191 5,089 China Minsheng Bank 2,828 2,908 Bank of Communications 2,814 2,893 Shanghai Pudong Development Bank - 2,613 China Everbright Bank - 1,454 HSBC 2,277 - $ 35,492 $ 29,497

Income Tax (Tables)

Income Tax (Tables)	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Summary of pre-tax income in jurisdictions	Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 (In thousands of U.S. Dollars) PRC $ (714 ) $ 4,084 $ 2,891 $ 9,445 Others (3 ) - (10 ) (14 ) 　 $ (717 ) $ 4,084 $ 2,881 $ 9,431
Summary of reconciliation of PRC statutory rates to the Company's effective tax rate	Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 PRC statutory rate 25.0 % 25.0 % 25.0 % 25.0 % Net operating losses for which no deferred tax assets was recognized 0.2 18.5 78.0 8.1 Other (79.1 ) (21.3 ) (10.5 ) (1.8 ) Effective income tax rate (53.9 )% 22.2 % 92.5 % 31.3 %
Schedule of income tax expense	Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 Current $ 387 $ 1,853 $ 2,377 $ 4,737 Deferred - (945 ) 290 (1,788 ) Income tax expense $ 387 $ 908 $ 2,667 $ 2,949

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of earnings per share	Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 Weighted average number of common shares – Basic and diluted 14,801,770 14,798,198 14,801,770 14,796,527 Earnings per share – Basic and diluted $ (0.07 ) $ 0.22 $ 0.02 $ 0.47

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Summary of other expenses due to related parties	Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 (In thousands of U.S. Dollars) Chuzhou Huarui 52 48 140 157 Kunshan Enjin 22 11 66 38 Total $ 74 $ 59 $ 206 $ 195
Summary of sub-contracts with related parties	Three Months Ended Nine Months Ended 2019 2018 2019 2018 (In thousands of U.S. Dollars) Chuzhou Huarui $ 1,197 $ 653 $ 4,664 $ 2,526 Fengyang Huarui 1,071 911 1,619 1,962 Nanjing Ever-Kyowa 342 392 1,097 1,067 Ever-Glory Vietnam 4,689 6,754 9,737 11,928 Nanjing Knitting 339 - 939 - EsCeLav 28 10 129 31 Jiangsu Ever-Glory 345 664 815 685 $ 8,011 $ 9,384 $ 19,000 $ 18,199
Summary of accounts payable to related parties	2019 2018 (In thousands of Ever-Glory Vietnam $ 1,920 1,863 Fengyang Huarui 388 622 Nanjing Ever-Kyowa 279 580 Chuzhou Huarui 1,142 888 Nanjing Knitting 146 171 Jiangsu Ever-Glory 480 632 Total $ 4,355 $ 4,756
Summary of amounts due from related party current assets	2019 2018 (In thousands of Jiangsu Ever-Glory $ 123 $ 122 Esc'elav - 70 Total $ 123 $ 192

Concentrations and Risks (Table

Concentrations and Risks (Tables)	9 Months Ended
	Sep. 30, 2019
Risks and Uncertainties [Abstract]
Schedule of Company's revenues as per geographic areas	Three months ended Nine months ended 2019 2018 2019 2018 (In thousands of U.S. Dollars) The People's Republic of China $ 23,241 $ 25,853 $ 40,486 $ 39,195 Hong Kong China 14,574 18,427 22,291 30,982 Germany 981 2,750 2,708 5,515 United Kingdom 10,555 8,254 13,393 13,353 Europe-Other 12,523 19,707 21,977 29,993 Japan 10,056 2,371 16,304 6,689 United States 9,807 8,321 29,931 24,026 Total wholesale business 81,737 85,683 147,090 149,753 Retail business 31,589 39,797 131,508 157,053 Total $ 113,326 $ 125,480 $ 278,598 $ 306,806

Segments (Tables)

Segments (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Summary of financial and operating information	Wholesale Retail Total (In thousands of U.S. Dollars) Nine months ended September 30, 2019 Segment profit or loss: Net revenue from external customers $ 147,090 131,508 278,598 Income from operations $ 6,925 (5,323 ) 1,602 Interest income $ 673 26 699 Interest expense $ 775 261 1,036 Depreciation and amortization $ 1,179 5,645 6,824 Income tax expense $ 1,617 1,050 2,667 Segment assets: Additions to property, plant and equipment 1,069 5,486 6,555 Total assets 114,789 170,456 285,245 Nine months ended September 30, 2018 Segment profit or loss: Net revenue from external customers $ 149,753 157,053 306,806 Income from operations $ 6,935 1,593 8,528 Interest income $ 968 35 1,003 Interest expense $ 976 226 1,202 Depreciation and amortization $ 834 5,689 6,523 Income tax expense $ 1,800 1,149 2,949 Segment assets: Additions to property, plant and equipment 1,322 7,822 9,144 Total assets 121,951 150,334 272,285 Wholesale Retail Total (In thousands of U.S. Dollars) Three months ended September 30, 2019 Segment profit or loss: Net revenue from external customers $ 81,737 31,589 113,326 Income from operations $ 4,551 (5,720 ) (1,169 ) Interest income $ 206 9 215 Interest expense $ 203 62 265 Depreciation and amortization $ 706 1,628 2,334 Income tax expense $ 143 244 388 Three months ended September 30, 2018 Segment profit or loss: Net revenue from external customers $ 85,683 39,797 125,480 Income from operations $ 4,302 (348 ) 3,954 Interest income $ 304 3 307 Interest expense $ 194 84 278 Depreciation and amortization $ 233 1,387 1,620 Income tax expense $ 1,085 (177 ) 908

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Schedule of inventories
Raw materials	$ 995	$ 6,805
Work-in-progress	13,542	3,308
Finished goods	50,751	55,816
Total inventories	$ 65,288	$ 65,929

Bank Loans (Details)

Bank Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Schedule of short term bank loans
Bank loans	$ 35,492	$ 29,497
Industrial and Commercial Bank Of China [Member]
Schedule of short term bank loans
Bank loans	18,382	14,540
Nanjing Bank [Member]
Schedule of short term bank loans
Bank loans	9,191	5,089
China Minsheng Bank [Member]
Schedule of short term bank loans
Bank loans	2,828	2,908
Bank of Communications [Member]
Schedule of short term bank loans
Bank loans	2,814	2,893
Shanghai Pudong Development Bank [Member]
Schedule of short term bank loans
Bank loans		2,613
China Everbright Bank [Member]
Schedule of short term bank loans
Bank loans		1,454
HSBC [Member]
Schedule of short term bank loans
Bank loans	$ 2,277

Bank Loans (Details Textual)

Bank Loans (Details Textual) ¥ in Thousands, $ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2019USD ($)

Sep. 30, 2018USD ($)

Sep. 30, 2019USD ($)

Sep. 30, 2018USD ($)

Sep. 30, 2019CNY (¥)

Jun. 30, 2019CNY (¥)

Mar. 31, 2019USD ($)

Nov. 30, 2018USD ($)

Nov. 30, 2018CNY (¥)

Sep. 30, 2018CNY (¥)

Aug. 31, 2018USD ($)

Aug. 31, 2018CNY (¥)

Jul. 31, 2018USD ($)

Jul. 31, 2018CNY (¥)

Jun. 30, 2018USD ($)

Jun. 30, 2018CNY (¥)

May 31, 2018USD ($)

May 31, 2018CNY (¥)

Dec. 31, 2016USD ($)

Dec. 31, 2016CNY (¥)

Bank Loans (Textual)

Interest expense on bank loans

$ 200

$ 200

$ 1,000

$ 1,200

HSBC [Member]

Bank Loans (Textual)

Line of credit agreement amount

$ 2,500

Unused line of credit

200

200

Accounts receivable from our wholesale customers

2,300

$ 2,300

Nanjing Bank [Member]

Bank Loans (Textual)

Line of credit agreement amount

$ 2,800

Line of credit extended maturity date

Jun. 30, 2020

Line of credit annual interest rates

5.20%

Borrowed loans from related party

2,100

$ 2,100

Nanjing Bank [Member] | CNY [Member]

Bank Loans (Textual)

Borrowed loans from related party | ¥

¥ 15,000

Nanjing Bank [Member] | Ever Glory Apparel [Member]

Bank Loans (Textual)

Line of credit agreement amount

$ 8,500

Unused line of credit

7,100

$ 7,100

Line of credit extended maturity date

Jun. 30, 2020

Line of credit annual interest rates

5.00%

Borrowed loans from related party

12,700

$ 12,700

Line of credit extended maturity date, description

Due on various dates from December 2019 to June 2020.

Nanjing Bank [Member] | Ever Glory Apparel [Member] | CNY [Member]

Bank Loans (Textual)

Line of credit agreement amount | ¥

¥ 60,000

Borrowed loans from related party | ¥

90,000

Nanjing Bank [Member] | Mr. Kang and Goldenway [Member]

Bank Loans (Textual)

Line of credit agreement amount

2,100

$ 2,100

$ 2,800

Nanjing Bank [Member] | Mr. Kang and Goldenway [Member] | CNY [Member]

Bank Loans (Textual)

Line of credit agreement amount | ¥

15,000

¥ 20,000

Industrial and Commercial Bank Of China [Member] | Ever Glory Apparel [Member]

Bank Loans (Textual)

Line of credit agreement amount

$ 14,100

Unused line of credit

1,400

1,400

Borrowed loans from related party

7,100

$ 7,100

Line of credit extended maturity date, description

Due on various dates from October 2019 to May 2020.

Industrial and Commercial Bank Of China [Member] | Ever Glory Apparel [Member] | CNY [Member]

Bank Loans (Textual)

Line of credit agreement amount

100,000

Borrowed loans from related party | ¥

50,000

Industrial and Commercial Bank Of China [Member] | Ever Glory Apparel [Member] | Minimum [Member]

Bank Loans (Textual)

Line of credit annual interest rates

4.57%

Industrial and Commercial Bank Of China [Member] | Ever Glory Apparel [Member] | Maximum [Member]

Bank Loans (Textual)

Line of credit annual interest rates

4.70%

Industrial and Commercial Bank Of China [Member] | Goldenway [Member]

Bank Loans (Textual)

Borrowed loans from related party

5,700

$ 5,700

Industrial and Commercial Bank Of China [Member] | Goldenway [Member] | CNY [Member]

Bank Loans (Textual)

Borrowed loans from related party | ¥

40,000

Goldenway [Member] | Ever Glory Apparel [Member]

Bank Loans (Textual)

Line of credit extended maturity date

Nov. 30, 2019

Line of credit annual interest rates

3.92%

Goldenway [Member] | Nanjing Bank [Member]

Bank Loans (Textual)

Line of credit agreement amount

$ 7,100

Goldenway [Member] | Nanjing Bank [Member] | CNY [Member]

Bank Loans (Textual)

Line of credit agreement amount | ¥

¥ 50,000

China Minsheng Banking [Member] | Ever Glory Apparel [Member]

Bank Loans (Textual)

Line of credit agreement amount

$ 2,800

Line of credit extended maturity date

Oct. 31, 2019

Line of credit annual interest rates

4.79%

Borrowed loans from related party

2,800

$ 2,800

China Minsheng Banking [Member] | Ever Glory Apparel [Member] | CNY [Member]

Bank Loans (Textual)

Line of credit agreement amount | ¥

¥ 20,000

¥ 20,000

Borrowed loans from related party | ¥

20,000

Shanghai Pudong Development Bank [Member] | Ever Glory Apparel [Member]

Bank Loans (Textual)

Line of credit agreement amount

$ 2,800

Unused line of credit

2,800

$ 2,800

Shanghai Pudong Development Bank [Member] | Ever Glory Apparel [Member] | CNY [Member]

Bank Loans (Textual)

Line of credit agreement amount | ¥

¥ 20,000

Bank Of Communications [Member] | Nanjing Bank [Member]

Bank Loans (Textual)

Due date of revolving line of credit agreement

November 2019 to January 2020

Line of credit annual interest rates

4.57%

La Go Go [Member] | Ever Glory Apparel [Member]

Bank Loans (Textual)

Line of credit agreement amount

$ 2,800

$ 2,800

$ 2,800

Unused line of credit

700

$ 700

Borrowed loans from related party

2,900

2,900

La Go Go [Member] | Ever Glory Apparel [Member] | CNY [Member]

Bank Loans (Textual)

Line of credit agreement amount | ¥

¥ 19,900

¥ 20,000

Borrowed loans from related party | ¥

¥ 19,900

Bank of China [Member] | Ever Glory Apparel [Member]

Bank Loans (Textual)

Line of credit agreement amount

$ 8,500

Unused line of credit

$ 1,400

$ 1,400

Bank of China [Member] | Ever Glory Apparel [Member] | CNY [Member]

Bank Loans (Textual)

Line of credit agreement amount | ¥

¥ 60,000

Derivative Financial Instrume_2

Derivative Financial Instruments (Details) € in Thousands, $ in Thousands	1 Months Ended	9 Months Ended
	Oct. 31, 2019	Sep. 30, 2019USD ($)	Sep. 26, 2019EUR (€)
Derivative Liability (Textual)
Foreign currency swap contracts, description	The final realized gain is $4.1 thousands in October 2019.	Ever-Glory Apparel had entered into different foreign currency swap contracts to exchange $6.0 million for equivalent RMB with Bank of China in May, entered into a foreign currency swap contract to exchange $3.0 million for equivalent RMB with Industrial and Commercial Bank of China in June and entered into a foreign currency swap contract to exchange $6.0 million and $4.0 million for equivalent RMB with Shanghai Pudong Development Bank in July. The terms of three foreign currency contracts are both six months and the contract of $4.0 million with Shanghai Pudong Development Bank is three months. Ever-Glory Apparel and the banks swapped two currencies by same pre-determined exchange rate at the beginning and end of the contracts. During the period, the Company pays annual interest of 1.43% for the RMB received and receives 0 interest for the USD exchanged with the Bank of China and Industrial and Commercial Bank of China. The company pays annual interest of 0.98% for the RMB received and receives 0.0001% interest for the USD exchanged with Shanghai Pudong Development Bank. If the Company failed to execute the exchange at the expiration of contracts, the banks would sell the USD at the market rate then the difference in RMB will be converted into bank loan for the Company. As of December 31, 2018, the fair value of principal amounts are included in other receivable ($4.0 million plus unrealized gain) and other payables (equivalent RMB payables) in the consolidated balance sheets, and unrealized gain of $0.2 million for the year ended December 31, 2018 is recognized in the income from operations.
Forward foreign exchange contract, description		The Company had one outstanding forward foreign exchange contracts (sell USD dollars for RMB), with total notional amount of $8.0 million. The unrealized income of this contract at September 30, 2019 was $58.6 thousands.
Swap maturity date		Oct. 8, 2019
Fair value of principal amounts | €			€ 4,900
Unrealized foreign currency exchange gain | $		$ 2,600

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Leases (Textual)
Right-of-use assets	$ 35,226
Current operating lease liabilities	26,757
Non-current operating lease liabilities	8,504
Operating lease payment	6,500
Leases recognized cost of revenues	5,900
General administrative expenses	$ 600
Lease, description	(i) the terms of Shanghai LAGOGO land use right and buildings are 34 years; (ii) the terms of Kunshan logistics center and Chuzhou logistics center are 5 years; (iii) the terms of flagship stores are 3 years. The lease term of shopping mall stores is commonly one year with options to extend or renew, and the rent is predetermined with a percentage of sales. The Company estimates the next 12 months rent for the shopping mall stores by annualizing current period rent calculated by the percentage of sales. Thus, the ROU assets and lease liabilities may vary significantly at different period ends.

Income Tax (Details)

Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Summary of Pre-tax income in jurisdictions
Pre-tax income	$ (717)	$ 4,084	$ 2,881	$ 9,431
PRC [Member]
Summary of Pre-tax income in jurisdictions
Pre-tax income	(714)	4,084	2,891	9,445
Others [Member]
Summary of Pre-tax income in jurisdictions
Pre-tax income	$ (3)		$ (10)	$ (14)

Income Tax (Details 1)

Income Tax (Details 1) - PRC [Member]	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Summary of reconciliation of PRC statutory rates to the company's effective tax rate
PRC statutory rate	25.00%	25.00%	25.00%	25.00%
Net operating losses for which no deferred tax assets was recognized	0.20%	18.50%	78.00%	8.10%
Other	(79.10%)	(21.30%)	10.50%	1.80%
Effective income tax rate	(53.90%)	22.20%	92.50%	31.30%

Income Tax (Details 2)

Income Tax (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Summary of income tax expense
Current	$ 387	$ 1,853	$ 2,377	$ 4,737
Deferred		(945)	(2,388)	(1,706)
Income tax expense	$ 387	$ 908	$ 2,667	$ 2,949

Income Tax (Details Textual)

Income Tax (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
PRC [Member]
Income Tax (Textual)
PRC statutory rate	25.00%	25.00%	25.00%	25.00%
Income tax rate for dividends distribution			10.00%
HONG KONG
Income Tax (Textual)
PRC statutory rate			16.50%
Maximum [Member]
Income Tax (Textual)
Effective income tax reduction, percent			15.00%
Minimum [Member]
Income Tax (Textual)
Effective income tax reduction, percent			9.00%
Xizang (Tibet) [Member]
Income Tax (Textual)
PRC statutory rate			15.00%
Non-U.S. subsidiaries [Member]
Income Tax (Textual)
U.S. deferred income taxes			$ 104,300
Income tax, description			The statutory U.S. federal corporate income tax rate from 35% to 21% for taxable years beginning after December 31, 2017

Earnings Per Share (Details)

Earnings Per Share (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Basic and diluted earnings per share
Weighted average number of common shares - Basic and diluted	14,801,770	14,798,198	14,801,770	14,796,527
Earnings per share - Basic and diluted	$ (0.07)	$ 0.22	$ 0.02	$ 0.47

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Two Independent Directors [Member]	1 Months Ended
	Jul. 26, 2019Directors$ / sharesshares	Jan. 31, 2019Directors$ / sharesshares	Jul. 26, 2018Directors$ / sharesshares
Stockholders' Equity (Textual)
Common stock shares issued to independent directors | shares	1,630	1,942	2,206
Average market price of the common stock for the five days before the grant date | $ / shares	$ 3.04	$ 3.8	$ 3.39
Number of days used to calculation average market price of common stock, description	Five days before the grant date.	Five days before the grant date.	Five days before the grant date.
Number of directors | Directors	2	2	2

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Summary of other expenses due to related parties
Total	$ 74	$ 59	$ 206	$ 195
Chuzhou Huarui [Member]
Summary of other expenses due to related parties
Total	52	48	140	157
Kunshan Enjin [Member]
Summary of other expenses due to related parties
Total	$ 22	$ 11	$ 66	$ 38

Related Party Transactions (D_2

Related Party Transactions (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Sub-contracts with related parties
Total	$ 8,011	$ 9,384	$ 19,000	$ 18,199
Chuzhou Huarui [Member]
Sub-contracts with related parties
Total	1,197	653	4,664	2,526
Fengyang Huarui [Member]
Sub-contracts with related parties
Total	1,071	911	1,619	1,962
Nanjing Ever-Kyowa [Member]
Sub-contracts with related parties
Total	342	392	1,097	1,067
Ever-Glory Vietnam [Member]
Sub-contracts with related parties
Total	4,689	6,754	9,737	11,928
Nanjing Knitting [Member]
Sub-contracts with related parties
Total	339		939
EsCeLav [Member]
Sub-contracts with related parties
Total	28	10	129	31
Jiangsu Ever-Glory [Member]
Sub-contracts with related parties
Total	$ 345	$ 664	$ 815	$ 685

Related Party Transactions (D_3

Related Party Transactions (Details 2) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Summary of accounts payable - related parties
Total	$ 4,355	$ 4,756
Ever-Glory Vietnam [Member]
Summary of accounts payable - related parties
Total	1,920	1,863
Fengyang Huarui [Member]
Summary of accounts payable - related parties
Total	388	622
Nanjing Ever-Kyowa [Member]
Summary of accounts payable - related parties
Total	279	580
Chuzhou Huarui [Member]
Summary of accounts payable - related parties
Total	1,142	888
Nanjing Knitting [Member]
Summary of accounts payable - related parties
Total	146	171
Jiangsu Ever-Glory [Member]
Summary of accounts payable - related parties
Total	$ 480	$ 632

Related Party Transactions (D_4

Related Party Transactions (Details 3) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Summary of amounts due from related parties
Total	$ 123	$ 192
Jiangsu Ever-Glory [Member]
Summary of amounts due from related parties
Total	123	122
Esc'elav [Member]
Summary of amounts due from related parties
Total		$ 70

Related Party Transactions (D_5

Related Party Transactions (Details Textual) ¥ in Thousands, $ in Thousands	3 Months Ended		9 Months Ended			12 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2019CNY (¥)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2018CNY (¥)	Sep. 30, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Related Party Transactions (Textual)
Net income (loss)	$ (1,076)	$ 3,316	$ 260		$ 6,907
Sub-contracts with related parties	8,011	9,384	19,000		18,199
Outstanding due from Jiangsu Ever-Glory	6,648		6,648			$ 10,354
Interest income	50	200	$ 300		100
Amounts due from related party under counter guarantee agreement, description			The amount of the counter-guarantee was $5.8 million (RMB 41.3 million) (the difference represents currency exchange adjustment of $0.1 million), which was 17.9% of the aggregate amount of lines of credit. The increase of the percentage in this quarter was mainly due to China's credit tightening policy. Obtaining bank loan requires a higher guarantee deposit in this quarter. This amount plus accrued interest of $0.6 million have been classified as a reduction of equity, consistent with the guidance of SEC Staff Accounting Bulletins 4E and 4G. At September 30, 2019 and December 31, 2018, the amount classified as a reduction of equity was $6.6 million and $10.4 million, respectively. Interest of 0.5% is charged on net amounts due from Jiangsu Ever-Glory at each month end. Since January 1, 2019, interest rate has changed to 0.3625% as the bank benchmark interest rate decreased. Interest income for the three and nine months ended September 30, 2019 and 2018 was approximately $0.05 million, $0.2 million, $0.3 million and $1.0 million, respectively.	The amount of the counter-guarantee was $5.8 million (RMB 41.3 million) (the difference represents currency exchange adjustment of $0.1 million), which was 17.9% of the aggregate amount of lines of credit. The increase of the percentage in this quarter was mainly due to China's credit tightening policy. Obtaining bank loan requires a higher guarantee deposit in this quarter. This amount plus accrued interest of $0.6 million have been classified as a reduction of equity, consistent with the guidance of SEC Staff Accounting Bulletins 4E and 4G. At September 30, 2019 and December 31, 2018, the amount classified as a reduction of equity was $6.6 million and $10.4 million, respectively. Interest of 0.5% is charged on net amounts due from Jiangsu Ever-Glory at each month end. Since January 1, 2019, interest rate has changed to 0.3625% as the bank benchmark interest rate decreased. Interest income for the three and nine months ended September 30, 2019 and 2018 was approximately $0.05 million, $0.2 million, $0.3 million and $1.0 million, respectively.
CNY [Member]
Related Party Transactions (Textual)
Outstanding due from Jiangsu Ever-Glory | ¥									¥ 68,200
JiangsuWubijia Trading Company Limited [Member]
Related Party Transactions (Textual)
Company received amount from related party	10,868	56,523	$ 17,961		69,502
Amount paid through the consignment	10,935	50,021	18,077		57,395
Net income (loss)	(67)	6,503	(117)		12,106
Mr. Kang [Member]
Related Party Transactions (Textual)
Guarantee on lines of credit			$ 16,400			14,500
Shareholding pattern, description			Mr. Huake Kang, Mr. Kang's son, acquired 83% interest of Ever-Glory Enterprises and became its sole director in 2014.	Mr. Huake Kang, Mr. Kang's son, acquired 83% interest of Ever-Glory Enterprises and became its sole director in 2014.
Mr. Kang [Member] | CNY [Member]
Related Party Transactions (Textual)
Guarantee on lines of credit | ¥				¥ 117,700			¥ 100,000
Jiangsu Ever Glory [Member]
Related Party Transactions (Textual)
Purchase of raw material	800	800	$ 400		700
Sub-contracts with related parties	345	664	815		685
Company sold raw materials	0	$ 100	300		$ 400
Lines of credit			32,500			33,400
Guarantee on lines of credit			29,100			29,900
Outstanding due from Jiangsu Ever-Glory	$ 6,800		6,800			$ 9,900
Repayment received under counter guarantee			$ 10,700
Shareholding pattern, description			Jiangsu Ever-Glory is obligated to return the full amount of the counter-guarantee funds provided upon expiration or termination of the underlying lines of credit and is to pay annual interest at the rate of 6.0% of amounts provided.	Jiangsu Ever-Glory is obligated to return the full amount of the counter-guarantee funds provided upon expiration or termination of the underlying lines of credit and is to pay annual interest at the rate of 6.0% of amounts provided.
Jiangsu Ever Glory [Member] | CNY [Member]
Related Party Transactions (Textual)
Lines of credit | ¥				¥ 230,000			230,000
Guarantee on lines of credit | ¥				205,500			¥ 205,500
Outstanding due from Jiangsu Ever-Glory | ¥								¥ 46,300	¥ 68,200
Repayment received under counter guarantee | ¥				¥ 73,300

Concentrations and Risks (Detai

Concentrations and Risks (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues earned in geographic areas
Revenues	$ 113,326	$ 125,480	$ 278,598	$ 306,806
Wholesale Business [Member]
Revenues earned in geographic areas
Revenues	81,737	85,683	147,090	149,753
Retail Business [Member]
Revenues earned in geographic areas
Revenues	31,589	39,797	131,508	157,053
The People’s Republic of China [Member]
Revenues earned in geographic areas
Revenues	23,241	25,853	40,486	39,195
Hong Kong China [Member]
Revenues earned in geographic areas
Revenues	14,574	18,427	22,291	30,982
Germany [Member]
Revenues earned in geographic areas
Revenues	981	2,750	2,708	5,515
United Kingdom
Revenues earned in geographic areas
Revenues	10,555	8,254	13,393	13,353
Europe-Other [Member]
Revenues earned in geographic areas
Revenues	12,523	19,707	21,977	29,993
Japan [Member]
Revenues earned in geographic areas
Revenues	10,056	2,371	16,304	6,689
United States [Member]
Revenues earned in geographic areas
Revenues	$ 9,807	$ 8,321	$ 29,931	$ 24,026

Concentrations and Risks (Det_2

Concentrations and Risks (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Concentrations and Risks (Textual)
Allowance for doubtful accounts	$ 4,500		$ 4,500		$ 5,900
Concentration risk, description			For the wholesale business, the Company did not rely on any finished goods supplier that represented more than 10% of the total raw material purchases
Raw Material Suppliers One [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage	19.00%	22.00%	28.00%
Raw Material Supplier Two [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage			27.00%
Raw Material Supplier Three [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage			18.00%
Raw Material Supplier Four [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage			15.00%
Raw Material Suppliers [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage			10.00%	10.00%
Revenues [Membe] | Wholesale Business One [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage	10.00%	7.00%	17.00%	11.00%
Revenues [Membe] | Wholesale Business Two [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage		7.00%		12.00%
Finished Goods [Member] | Retail Business [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage			10.00%	10.00%

Segments (Details)

Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Segment profit or loss:
Net revenue from external customers	$ 113,326	$ 125,480	$ 278,598	$ 306,806
Income from operations	(1,169)	3,954	1,602	8,528
Interest income	215	307	699	1,003
Interest expense	265	278	1,036	1,202
Depreciation and amortization	2,334	1,620	6,824	6,523
Income tax expense	387	908	2,667	2,949
Segment assets:
Additions to property, plant and equipment			6,555	9,144
Total assets	285,245	272,285	285,245	272,285	$ 252,271
Wholesale Segment [Member]
Segment profit or loss:
Net revenue from external customers	81,737	85,683	147,090	149,753
Income from operations	4,551	4,302	6,925	6,935
Interest income	206	304	673	968
Interest expense	203	194	775	976
Depreciation and amortization	706	233	1,179	834
Income tax expense	143	1,085	1,617	1,800
Segment assets:
Additions to property, plant and equipment			1,069	1,322
Total assets	114,789	121,951	114,789	121,951
Retail Segment [Member]
Segment profit or loss:
Net revenue from external customers	31,589	39,797	131,508	157,053
Income from operations	(5,720)	(348)	(5,323)	1,593
Interest income	9	3	26	35
Interest expense	62	84	261	226
Depreciation and amortization	1,628	1,387	5,645	5,689
Income tax expense	244	(177)	1,050	1,149
Segment assets:
Additions to property, plant and equipment			5,486	7,822
Total assets	$ 170,456	$ 150,334	$ 170,456	$ 150,334

Segments (Details Textual)

Segments (Details Textual)	9 Months Ended
	Sep. 30, 2019Segment
Segments (Textual)
Number of segments	2

Commitment and Contingencies (D

Commitment and Contingencies (Details) ¥ in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2019	Jul. 31, 2019USD ($)	Jul. 31, 2019CNY (¥)	Mar. 31, 2019USD ($)	Mar. 31, 2019CNY (¥)
Commitment and Contingencies (Textual)
Commitment and contingencies, description	A total balance of RMB9.79 million ($1.4 million) was frozen in the bank accounts of LA GO GO. LA GO GO believes that Shanghai Chijing's counterclaim is frivolous and without merit, and intends to rigorously defend against the counterclaim. As of September 30, 2019, the company had booked this restricted cash in other receivables.
LA GO GO [Membr]
Commitment and Contingencies (Textual)
Unpaid rent | $				$ 360
LA GO GO [Membr] | RMB [Member]
Commitment and Contingencies (Textual)
Unpaid rent | ¥					¥ 2,450
Shanghai Chijing [Member]
Commitment and Contingencies (Textual)
Counter claim | $		$ 2,170
Shanghai Chijing [Member] | RMB [Member]
Commitment and Contingencies (Textual)
Counter claim | ¥			¥ 15,380