Yue Yuen
Yue Yuen issues profit warning
The Hong Kong-based manufacturing group has told its shareholders that it expects its profit attributable to owners to fall by no more than 25% as compared to 100 million USD in 2024
What’s next for footwear businesses in a volatile global trade landscape?
We have looked at the prospects for footwear companies in light of the recent US tariffs announcements, highlighting some concerns from both a manufacturing and retail perspective
Yue Yuen profit rises by more than 40% in 2024
The Hong Kong-based group ended the year with a 3.7% increase in revenue and a significant 42.8% rise in profits over the previous year, driven by solid performances from its manufacturing businesses
Yue Yuen reports revenue growth in the first nine months of 2024
Despite challenges in retail sales and market uncertainties, the Hong Kong-based group reported revenue growth and improved profitability, driven by manufacturing demand and operational improvements
Yue Yuen’s footwear manufacturing business recovers in the first half
The Hong Kong-based group reported an overall decline in revenue in its unaudited first half results, driven by Pou Sheng’s performance, as the footwear manufacturing business recovered during the period
Yue Yuen talks of a gradual recovery trend
The Hong Kong-based footwear group saw a 4.9% decline year-over-year in the first quarter of 2024, but highlighted the 9.1% shoe shipment volume increase due to a more normalised order book
Footwear retail in 2024: signs of recovery or a bumpy ride ahead?
High inflation squeezed margins in footwear retail throughout 2023. To glimpse the industry's 2024 outlook, we analysed results from key players like manufacturers Yue Yuen and Stella Holdings and retailers Foot Locker, JD Sports, Shoe Carnival, and Genesco
Yue Yuen reports a decline in full year revenue and profit
In line with its previous quarterly results, the Hong Kong-based footwear manufacturer reported a 12% year-over-year decline in revenue and a 7.3% year-over-year drop in profits in 2023
Yue Yuen on a downward trajectory
The Hong Kong-based group recorded a decline in revenue and profits in the first nine months of the year, as compared to 2022, due to a weak performance of its manufacturing business
Another round of lay-offs at Pou Chen in Vietnam
The Baoyuan Vietnam shoe factory, which is run by Yue Yuen, a subsidiary of Pou Chen Corp, has laid off 1 221 people at the end of August. Since the beginning of 2023, around 10 000 jobs have been cut
Yue Yuen posts revenue and profits decline
The Hong Kong-based footwear group announced that this year's first half revenue declined by 11.8% year-over-year, while the profit attributable to its owners fell by 52.2% year-over-year
Yue Yuen issues profit warning
The group has informed its shareholders and potential investors that it expects a first half profit decline between 50% to 55% from the 175 million US dollars recorded in the same period of 2022
Yue Yuen first quarter revenue decreases
The Hong Kong-based group revealed that its early 2023 revenue has declined due to lower global footwear demand against a backdrop of “relatively high inventory levels” across the industry
Yue Yuen to invest 276 million USD in a factory in India
The Hong Kong-based group has entered into a memorandum of understanding with the government of the state of Tamil Nadu to build a manufacturing facility in India
Yue Yuen warns on cloudy short term outlook
Despite reporting revenue and earnings growth over 2022, the group highlighted that the demand for footwear remains cloudy in the short term due to the many global headwinds impacting the business-
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