Core Viewpoint - Yuanyuan Group's stock rose over 6% following the release of its financial results, indicating positive market sentiment despite a decline in revenue and profit [1] Financial Performance - For the nine months ending September 30, 2025, Yuanyuan Group reported a revenue of $6.017 billion, a year-on-year decrease of 0.95% [1] - The profit attributable to the company's owners was $279 million, reflecting a year-on-year decline of 15.96% [1] - Gross profit decreased by 6.9% to $1.371 billion, with an overall gross margin decline of 1.4 percentage points to 22.8% [1] Market Position and Outlook - According to Shanxi Securities, Yuanyuan Group has a diversified sales region, with less than 30% of sales coming from the U.S. [1] - The company's exposure to the U.S. market is relatively low within the footwear industry, and it has control over upstream raw material segments [1] - The company's profitability is expected to improve as production capacity continues to ramp up, and its valuation is relatively low compared to the industry average [1]

Core Viewpoint - Yu Yuan Group's stock rose over 6% following the release of its financial results, indicating market optimism despite a decline in revenue and profit [1] Financial Performance - For the nine months ending September 30, 2025, the company reported revenue of $6.017 billion, a year-on-year decrease of 0.95% [1] - The profit attributable to shareholders was $279 million, down 15.96% compared to the previous year [1] - Gross profit fell by 6.9% to $1.371 billion, with an overall gross margin decline of 1.4 percentage points to 22.8% [1] Market Position and Outlook - Shanxi Securities noted that Yu Yuan Group has a diversified sales region, with less than 30% of sales coming from the U.S. [1] - The company's exposure to the U.S. market is relatively low within the footwear industry, and it controls upstream raw material segments [1] - The company's profitability is expected to improve as production capacity continues to ramp up, and its valuation is considered low compared to the industry average [1]

Core Viewpoint - Yuanyuan Group reported a slight decline in revenue but an increase in profit, indicating resilience in its footwear segment despite challenges in the retail environment [1][2] Group 1: Financial Performance - For the nine months ending September 30, 2025, the company recorded an unaudited consolidated profit attributable to owners of approximately $278.7 million [1] - The group's revenue was $6.0174 billion, a minor decrease of 1.0% compared to $6.0753 billion in the same period last year [1] - Revenue from footwear activities increased by 4.6% to $3.9561 billion, with a total footwear shipment volume rising by 1.3% to 189.4 million pairs [1] Group 2: Product Segmentation - Sports and outdoor footwear accounted for 83.6% of the footwear manufacturing revenue, while casual shoes and sports sandals made up 16.4% [1] - In terms of overall revenue, sports and outdoor footwear represented 55.0% of total revenue, with casual shoes and sports sandals contributing 10.8% [1] - The average selling price of footwear increased by 3.2% to $20.88 per pair [1] Group 3: Retail Environment - Despite a relatively stable omnichannel performance, the retail environment in mainland China has become increasingly volatile, leading to significant declines in both direct and franchise channels [2] - Revenue from Baosheng decreased by 7.9% to $1.7857 billion, down from $1.9398 billion in the same period last year [2] - In RMB terms, Baosheng's revenue fell by 7.7% to RMB 12.9028 billion from RMB 13.9842 billion year-on-year [2]

Core Viewpoint - Yue Yuen Industrial Holdings Limited reported a revenue of $6.017 billion for the nine months ending September 30, 2025, reflecting a year-on-year decrease of 0.95% [1] - The profit attributable to the company's owners was $279 million, down 15.96% compared to the previous year [1] Financial Performance - The gross profit for the period decreased by 6.9% to $1.371 billion, with an overall gross margin decline of 1.4 percentage points to 22.8% [1] - The gross profit from manufacturing operations fell by 4.8% to $773.5 million, and the gross margin for manufacturing decreased by 1.3 percentage points to 18.3% [1] Operational Challenges - The decline in manufacturing gross margin was primarily due to uneven capacity utilization across various manufacturing sites and some production lines not meeting efficiency standards [1] - Increased labor costs were driven by the addition of new personnel and rising wages across different regions [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部 分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 上市規則之涵義 於本公告日期，寶成間接擁有並有權控制行使已發行股份約 51.36%之表決權。因此， 根據上市規則定義，寶成為本公司之關連人士。補充協議項下之交易構成本公司於上市 規則第十四 A 章項下之持續關連交易。 根據上市規則第 14A.54 條，倘本公司擬修訂持續關連交易年度限額，則本公司將須重新 遵守上市規則第十四 A 章適用於相關持續關連交易之條文。 由於補充協議項下之修訂限額之最高適用百分比率（按上市規則所界定）超過 0.1%但低 於 5%，補充協議及其項下之持續關連交易，以及修訂限額須遵守上市規則第十四 A 章 項下的申報及公告規定，但獲豁免獨立股東批准之規定。 *僅供識別 1 （於百慕達註冊成立之有限公司） （股份代號：00551） 修訂寶成關連銷售協議項下之 持續關連交易之年度限額 茲提述日期為二零二三年十月六日之本公司公告及日期為二零二三年十一月十日之 本公司通函，內容有關重續本集團 ...

Financial Performance - The company reported an unaudited consolidated profit attributable to owners of approximately $278.7 million for the nine months ended September 30, 2025[2]. - Revenue for the nine months was $6,017.4 million, a slight decrease of 1.0% compared to $6,075.3 million in the same period last year[8]. - Gross profit for the period was $1,371.4 million, down from $1,472.3 million year-on-year[3]. - The pre-tax profit for the period was $357.1 million, compared to $438.5 million in the previous year[3]. - Total comprehensive income for the period was $323.2 million, down from $381.9 million year-on-year[4]. - Revenue from BaoSheng decreased by 7.9% year-on-year to $1,785.7 million, with a decline of 7.7% in RMB terms to RMB 12,902.8 million[9]. - Net profit attributable to the company's owners was $278.7 million, a decrease of 16.0% from $331.7 million in the previous year[15]. Revenue and Cost Analysis - Gross profit fell by 6.9% to $1,371.4 million, with a gross margin decline of 1.4 percentage points to 22.8%[11]. - The average discount rate increased, leading to a gross margin drop of 0.5 percentage points to 33.5% for BaoSheng[12]. - Selling and distribution expenses decreased by 7.2% to $579.4 million, accounting for approximately 9.6% of total revenue[13]. Manufacturing and Workforce - The company's manufacturing business revenue, including footwear, soles, accessories, and others, was $4,231.7 million, an increase of 2.3% year-on-year[8]. - The company experienced a 4.4% year-on-year increase in manufacturing workforce, contributing to higher labor costs due to wage increases[6]. Market Conditions and Challenges - The retail subsidiary, Pou Chen, faced challenges with low consumer confidence and high industry inventory, impacting foot traffic and sales[7]. - The company maintained a strong order mix, which helped to offset the negative impact of declining shipment volumes on footwear revenue[6]. Future Outlook and Strategies - The company expects a boost in shipment volume in Q4, traditionally a peak season, despite challenges from tariffs and macroeconomic uncertainties[17]. - The company plans to diversify its manufacturing capacity in Indonesia and India to support sustainable growth[17]. - The company aims to enhance operational resilience and maintain healthy cash flow through rigorous cost control and digital transformation strategies[18]. - The long-term outlook for the sports industry remains optimistic, driven by upcoming international sports events[17].

Group Overview - 9M25 total revenue was US$6,017.4 million[11], with athletic/outdoor shoes accounting for 55% and Pou Sheng contributing 29.7%[10] - 2024 revenue reached US$8,182 million, profit attributable to owners was US$393 million, and dividend per share was HK$1.30[13] - Shoe volume increased by 17% to 255 million pairs in 2024, while ASP decreased by 5.1% to US$20.25[13] - The company is committed to reducing emissions by 46.2% by 2030 compared to 2019[23] Financial Performance (9M25 vs 9M24) - Group revenue decreased by 1% to US$6,017.4 million[42, 53] - Manufacturing revenue increased by 2.3% to US$4,231.7 million[42, 65] - Retail revenue (Pou Sheng) decreased by 7.7% to RMB 12,903 million[42] - Profit attributable to owners decreased by 16% to US$278.7 million[42, 53] - Manufacturing profit attributable to owners decreased by 12.6% to US$263.9 million[42, 65] - Retail profit attributable to owners decreased by 50.1% to RMB 171 million[42] Manufacturing Business - Shoe volume increased by 1.3% YoY to 189.4 million pairs[40, 49] - ASP increased by 3.2% YoY to US$20.88 per pair[40] - Manufacturing gross profit margin was 18.3%, a decrease of 1.3 percentage points[40, 65] - Manufacturing operating profit margin was 6.6%, a decrease of 1.3 percentage points[40, 65] Retail Business (Pou Sheng) - Online contribution reached a historical high, accounting for 33% of total sales[98] - Number of direct operated stores decreased by 3.5% YoY[109]

Group 1 - The core point of the article is that Yue Yuen Industrial Holdings Limited reported a net operating income of approximately 699 million USD for October 2025, representing a year-on-year decrease of 5.6% [1] - For the first ten months, the cumulative net operating income was approximately 6.719 billion USD, which is a year-on-year decrease of 1.5% [1]

Core Points - Yu Yuan Group (00551.HK) reported a net operating revenue of $699 million for October 2025, representing a year-on-year decrease of 5.55% [1] - For the ten months ending October 31, 2025, the cumulative net operating revenue was $6.719 billion, reflecting a year-on-year decline of 1.45% [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （股份代號：00551） 二零二五年十月之每月收益公告 按照國際會計準則，本公司被視為臺灣證交所上市公司寶成工業之附屬公司， 現時透過其附屬公司間接持有本公司之控制權益。寶成工業根據臺灣證券交易所規 例規定刊發每月收益公告。 由於寶成工業於今日公佈其若干綜合財務資料，故本公司根據上市規則第13.09(2)條及 證券及期貨條例第XIVA部刊發本公告，確保及時向投資者提供最新資料。 按照國際會計準則，裕元工業（集團）有限公司（「本公司」）被視為臺灣證券交易所股份 有限公司（「臺灣證交所」）上市公司寶成工業股份有限公司（「寶成工業」）之附屬公 司，現時透過其附屬公司間接持有本公司之控制權益。根據臺灣證券交易所股份有限 公司對上市公司資訊申報作業辦法（不時修訂）（「臺灣證券交易所規例」），寶成工 業須於每月刊發其前一個月份之綜合收益公告。 由於寶成工業於今日公佈上述每月綜合收益，當中包括本公司之相關財務資料，故 ...