{"id":53201,"date":"2025-05-16T03:25:47","date_gmt":"2025-05-16T03:25:47","guid":{"rendered":"https:\/\/www.aplf.com\/2025\/05\/16\/yue-yuen-reports-profit-decline-in-first-quarter\/"},"modified":"2025-05-16T03:26:20","modified_gmt":"2025-05-16T03:26:20","slug":"yue-yuen-reports-profit-decline-in-first-quarter","status":"publish","type":"post","link":"https:\/\/www.aplf.com\/zh-hans\/2025\/05\/16\/yue-yuen-reports-profit-decline-in-first-quarter\/","title":{"rendered":"Yue Yuen reports profit decline in first quarter"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"53201\" data-post-id=\"53201\" data-obj-id=\"53201\" class=\"elementor elementor-53201 dce-elementor-post-53201 elementor-53190\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-372d15d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"372d15d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-865f172\" data-id=\"865f172\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-35eab76 elementor-widget elementor-widget-text-editor\" data-id=\"35eab76\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\">16 May 2025<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0eaeb41 elementor-widget elementor-widget-heading\" data-id=\"0eaeb41\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Yue Yuen reports profit decline in first quarter<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f50f5aa elementor-widget elementor-widget-image\" data-id=\"f50f5aa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"540\" height=\"359\" src=\"https:\/\/www.aplf.com\/wp-content\/uploads\/2025\/05\/image-18.jpeg\" class=\"attachment-large size-large wp-image-53192\" alt=\"\" srcset=\"https:\/\/www.aplf.com\/wp-content\/uploads\/2025\/05\/image-18.jpeg 540w, https:\/\/www.aplf.com\/wp-content\/uploads\/2025\/05\/image-18-500x332.jpeg 500w\" sizes=\"(max-width: 540px) 100vw, 540px\" style=\"width:100%;height:66.48%;max-width:540px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5088f8a elementor-widget elementor-widget-text-editor\" data-id=\"5088f8a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Sporting goods distribution and retail group Yue Yuen Industrial Holdings has announced its first quarter results, with revenue of US$2.03 billion, marking a 1.3% increase year-on-year. By <a href=\"https:\/\/internationalleathermaker.com\/\" target=\"_blank\" rel=\"noopener\">ILM<\/a>.<\/p><p><br>This growth was driven largely by a 5.9% rise in revenue from the manufacturing business, which totalled US$1.33 billion.<\/p><p><br>Footwear manufacturing revenue reached US$1.24 billion, up 7.8% year-on-year. Shoe shipment volume rose by 5.3% to 61.9 million pairs, supported by sustained demand. The average selling price per pair increased by 2.5% to US$20.04, reversing five consecutive quarters of decline.  <\/p><p><br>Gross profit for the group fell 7.7% to US$464.3 million, with the overall gross profit margin down 2.2 percentage points to 22.9%. The manufacturing business recorded a gross profit of US$234.7 million, a decrease of 7.6%, and its gross profit margin dropped to 17.7%, down 2.6 percentage points. This was attributed to uneven production levels across plants, lower efficiency, and increased labour costs resulting from a growing workforce and rising wages in various regions.  <\/p><p><br>Revenue from Pou Sheng, the Group\u2019s retail subsidiary, declined by 6.5% to US$701.2 million. The decline was mainly due to volatile consumer foot traffic in mainland China, despite the resilience of its omni-channel operations. <\/p><p><br>Profit attributable to owners of the Company dropped by 24.2% to US$75.8 million. The Group reported a non-recurring loss of US$0.5 million, compared to a profit of US$0.4 million in the same period last year. This included a US$2.4 million gain from the partial disposal of associates, offset by a US$2.9 million loss from fair value changes in financial instruments. Excluding non-recurring items, recurring profit attributable to owners of the company declined by 23.4% to US$76.3 million.   <\/p><p><br>Looking ahead, Yue Yuen expressed optimism about the long-term outlook for the sports industry, despite ongoing global economic headwinds. The group highlighted several near-term challenges, including tariffs, inflation, weakened consumer confidence and regional conflicts affecting logistics and order visibility, particularly in the traditionally weaker third quarter. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-f05a6ff elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f05a6ff\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-688f542\" data-id=\"688f542\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>16 May 2025 Yue Yuen reports profit decline in first qu&hellip; <a class=\"more-link\" href=\"https:\/\/www.aplf.com\/zh-hans\/2025\/05\/16\/yue-yuen-reports-profit-decline-in-first-quarter\/\">\u7ee7\u7eed\u9605\u8bfb<span class=\"screen-reader-text\">Yue Yuen reports profit decline in first quarter<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":53192,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-53201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news-sc","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Yue Yuen reports profit decline in first quarter - APLF Limited<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aplf.com\/zh-hans\/2025\/05\/16\/yue-yuen-reports-profit-decline-in-first-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yue Yuen reports profit decline in first quarter - APLF Limited\" \/>\n<meta property=\"og:description\" content=\"16 May 2025 Yue Yuen reports profit decline in first qu&hellip; 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