YUE YUEN IND released its performance for the first three quarters, with shareholders' profit attributable to shareholders reaching USD 332 million, an increase of 140.9% year-on-year
YUE YUEN IND released its performance for the first three quarters ending September 30, 2024, with operating revenue of USD 6.075 billion, a year-on-year increase of 1.48%; profit attributable to shareholders was USD 332 million, a year-on-year increase of 140.9%. Revenue from the footwear business grew by 8.2% to USD 3.783 billion, with footwear shipments increasing by 16.2% year-on-year to 18.7 million pairs. Sports/outdoor shoes accounted for 85.9% of footwear manufacturing revenue and 53.5% of total operating revenue
According to the Zhitong Finance APP, YUE YUEN IND (00551) announced its performance for the nine months ending September 30, 2024, during which the group achieved operating revenue of USD 6.075 billion, an increase of 1.48% year-on-year; the profit attributable to the company's owners was USD 332 million, a year-on-year increase of 140.9%.
The announcement stated that during this period, operating revenue from footwear activities (including sports/outdoor shoes, casual shoes, and sports sandals) increased by 8.2% year-on-year to USD 3.783 billion. The group's footwear orders strengthened quarter by quarter, driving a continued acceleration in footwear shipment volume, which rose by 16.2% year-on-year to 187 million pairs. Due to the high base effect and changes in the group's product mix, the average selling price decreased by 6.8% to USD 20.24 per pair.
The group's sports/outdoor footwear accounted for 85.9% of footwear manufacturing operating revenue. Casual shoes and sports sandals accounted for 14.1% of footwear manufacturing operating revenue. When considering the group's total operating revenue, sports/outdoor footwear is the main category, accounting for 53.5% of total operating revenue, followed by casual shoes and sports sandals, which account for 8.8% of total operating revenue
