Financial Performance - For the nine months ended September 30, 2022, the unaudited consolidated profit attributable to owners of the company was approximately $270.1 million[2]. - Revenue for the nine months ended September 30, 2022, was $6,971.8 million, an increase from $6,441.2 million in the same period of 2021, representing a growth of 8.2%[3]. - Gross profit for the nine months ended September 30, 2022, was $1,657.9 million, compared to $1,560.3 million in 2021, reflecting a gross margin improvement[3]. - The company reported a pre-tax profit of $353.4 million for the nine months ended September 30, 2022, compared to $175.8 million in the same period of 2021, indicating a significant increase[3]. - The company’s attributable profit for the nine months ended September 30, 2022, was $270.1 million, a 171.2% increase from $99.6 million in the same period last year[14]. - The total comprehensive income for the nine months ended September 30, 2022, was $88.7 million, a decrease from $176.9 million in the same period of 2021[5]. Revenue and Sales - Revenue from footwear activities increased by 33.0% to $4,389.1 million, driven by strong global demand and a significant increase in shipment volume by 19.0% to 213.0 million pairs[8]. - The company’s total revenue from manufacturing operations, including footwear and accessories, was $4,793.4 million, an increase of 31.1% year-on-year[8]. - The average selling price of footwear increased by 11.8% to $20.61 per pair, reflecting a focus on high-value orders and product mix optimization[8]. - The company’s sales and distribution expenses totaled $773.0 million, accounting for approximately 11.1% of revenue, down from 13.7% in the previous year[12]. Operational Insights - The retail subsidiary, Pou Chen Corporation, experienced a gradual improvement in foot traffic, although the retail market atmosphere remained volatile due to stricter COVID-19 control measures[7]. - The company continues to optimize its online channels to mitigate the impact of weak physical sales and enhance interaction with consumers and business partners[7]. - The company emphasized a focus on quality growth and higher value-added orders, leveraging ongoing trends in "athleisure" and premiumization[7]. Costs and Expenses - The company’s financing costs increased to $45.8 million for the nine months ended September 30, 2022, compared to $39.0 million in the previous year[3]. - Other income for the nine months ended September 30, 2022, was $89.4 million, slightly down from $97.0 million in the same period of 2021[3]. Future Outlook - The company remains cautiously optimistic about the long-term development of its manufacturing business despite global economic uncertainties and inflation risks[16]. - The company plans to diversify its manufacturing capacity in Southeast Asia, particularly in Indonesia, to support sustainable growth[16]. - The company recorded a significant increase in profit from associates and joint ventures, reaching $54.2 million, nearly doubling from $27.4 million in the previous year[13].
裕元集团(00551) - 2022 Q3 - 季度财报