Yue Yuen’s sales performance for June and the first half of 2022 was negatively impacted by results from its retail subsidiary in China, Pou Sheng International. Yue Yuen’s net consolidated first-half revenues are down 2.0 percent to $4,709,796,000 from $4,807,112,000 for the six months ended June 30. The results included a 24.6 percent decline in local currency (yuan renminbi) sales for Pou Sheng, whose operations have been negatively impacted by pandemic-mandated retail closures across China, and a 14.4 percent sales increase in Yue Yuen’s manufacturing business. During June, Yue Yuen experienced a 5.9 percent improvement in net consolidated operating revenue to $834,507,000 from $787,718,000 as manufacturing unit sales increased 18.7 percent over the 30 days and Pou Sheng revenues dipped 14.7 percent.
