All Yue Yuen articles – Page 3

  • News briefs

    Yue Yuen’s manufacturing revenues fall by 27%

    2021-01-13T18:20:00Z

    Yue Yuen’s revenues from footwear manufacturing fell by 27 percent in terms of U.S. dollars in 2020, including a drop of 16 percent in December. The group’s retail subsidiary, Pou Sheng, improved its sales by 1 percent thanks to a strong finish of the year, with sales up by 11 ...

  • Article

    Losses continue for Yue Yuen

    2020-11-13T18:02:00Z

    Despite China’s resilience against the pandemic in the third quarter, Yue Yen Industrial Holdings remained in the red, following two quarters of losses. The company was strongly impacted by government measures to contain the spread of the disease at the start of the year, and although the Pou Sheng Chinese ...

  • Yue Yuen 3
    Article

    Yue Yuen posts a $136 million loss

    2020-08-17T20:17:00Z

    Yue Yen Industrial Holdings was hard hit by China’s measures to contain the spread of coronavirus. The world’s largest shoe manufacturer posted a net loss of $136.7 million for the first half of 2020, against net income of $165.9 million for the year-ago period. The company managed to reduce operating ...

  • News briefs

    Yue Yuen's plants generated 19% less revenues in June

    2020-07-13T17:15:00Z

    Yue Yuen Industrial reported a 10.6 percent drop to $724.6 in its turnover in June, as compared to the same month a year ago. The company pointed out that its retail segment, represented by Pou Sheng, saw its sales increase by about 3 percent to $314.4 million, which would imply ...

  • Article

    Heavy losses for Yue Yuen

    2020-05-15T11:16:00Z

    As China struggled with the coronavirus outbreak early in the first quarter, Yue Yen Industrial Holdings was strongly impacted by government measures to contain the spread of the disease. The world’s largest shoe manufacturer posted a net loss of $56.3 million for the period, against net income of $75.5 million ...

  • News briefs

    Yue Yuen produced less in Q1

    2020-04-28T18:00:00Z

    Yue Yuen Industrial has warned investors that its results for the first quarter of 2020 will show a net loss of $50 million to $70 million, compared with a gain of $75 million in the year-ago period, because of the disruption of its supply chain and the lockdown of the ...