Financial Performance - For the nine months ended September 30, 2024, the company reported an unaudited consolidated profit attributable to shareholders of approximately $331.7 million[1]. - The company's revenue for the same period was $6,075.3 million, representing a 1.5% increase from $5,986.6 million in the previous year[7]. - The company achieved a pre-tax profit of $438.5 million, significantly up from $218.0 million in the previous year[2]. - The total comprehensive income for the period was $381.9 million, compared to $78.6 million in the previous year[3]. - The company reported a profit attributable to owners of $331.7 million, a 140.9% increase compared to $137.7 million in the previous year[14]. Revenue Breakdown - The footwear manufacturing revenue increased by 8.2% to $3,782.7 million, with shipment volume rising 16.2% to 186.9 million pairs[7]. - The total revenue from manufacturing operations, including footwear, soles, accessories, and others, was $4,135.5 million, up 9.0% year-on-year[8]. - Revenue from the retail subsidiary, Pou Sheng International (Holdings) Limited, decreased by 11.6% to $1,939.8 million, impacted by weak store traffic in mainland China[8]. - Total revenue for the period reached $6,075.3 million, a 1.5% increase from $5,986.6 million in the same period last year[9]. Cost and Efficiency - The company continues to focus on cost control measures to enhance operational efficiency and profitability[6]. - Total selling and distribution expenses decreased by 8.3% to $624.2 million, representing approximately 10.3% of total revenue[12]. - The average selling price of footwear decreased by 6.8% to $20.24 per pair due to changes in product mix and high base effects[7]. Profitability Metrics - Gross profit rose by 4.5% to $1,472.3 million, with an overall gross margin increase of 0.7 percentage points to 24.2%[10]. - The gross margin for the footwear segment improved to 34.0%, up 0.9 percentage points due to effective discount control and inventory management[11]. Strategic Focus - The company is committed to digital transformation strategies to improve sales conversion rates in its retail operations[6]. - The company anticipates stable demand for quality suppliers in the global footwear industry, despite uncertainties in the macroeconomic environment[15]. - The company plans to enhance operational resilience and production efficiency while managing costs and maintaining healthy cash flow[15]. - The long-term outlook for the sports industry remains optimistic, with a focus on diversifying manufacturing capacity in Indonesia and India[15]. - The company aims to integrate automation technology and R&D capabilities to strengthen its competitive edge in the industry[16].
裕元集团(00551) - 2024 Q3 - 季度业绩