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China situation hurts Yue Yuen in Q1 but optimism remains

16/05/2022
China situation hurts Yue Yuen in Q1 but optimism remains

Specialist outsource athletic footwear manufacturing group Yue Yuen has reported revenues of $2.4 billion for the first quarter of 2022, a decline of 4% compared to the same three months last year.

The total comprises its revenues from its main business, making athletic shoes for partner brands, as well as its production of casual shoes and of soles and footwear components. It also includes sales revenues from the group’s retail subsidiary in China, Pou Sheng.

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