Financial Performance - For the nine months ended September 30, 2023, the company reported an unaudited consolidated profit attributable to owners of approximately $137.7 million[2]. - The company's revenue for the same period was $5,986.6 million, a decrease of 14.1% compared to $6,971.8 million in the previous year[7]. - Gross profit for the nine months was $1,409.6 million, down from $1,657.9 million year-on-year[3]. - The company reported a pre-tax profit of $217.99 million, down from $353.42 million in the previous year[3]. - The total comprehensive income for the period was $78.63 million, compared to $88.66 million in the previous year[4]. - The company's attributable profit was $137.7 million, a decrease of 49.0% from $270.1 million in the same period last year[12]. Revenue Breakdown - The company experienced a 20.4% decline in revenue from footwear activities, totaling $3,494.5 million, with a 24.5% decrease in footwear shipments to 160.9 million pairs[7]. - The revenue from sports/outdoor footwear accounted for 50.6% of total revenue, while casual shoes and sports sandals contributed 7.8%[9]. - The group's total revenue from manufacturing (including footwear, soles, accessories, and others) was $3,792.8 million, a decrease of 20.9% compared to the same period last year[8]. - The total revenue for the group was $5,986.6 million, down 14.1% from $6,971.8 million in the previous year[9]. Cost and Profitability - The gross profit decreased by 15.0% to $1,409.6 million, with the manufacturing segment's gross profit down 21.6% to $683.9 million[10]. - The gross margin for the group was 33.1%, a decline of 2.9 percentage points compared to the same period last year[11]. - Total sales and distribution expenses were $680.4 million, representing approximately 11.4% of revenue[11]. - The financing costs for the nine months were $64.97 million, compared to $45.76 million in the previous year[3]. Operational Strategies - The company implemented cost control measures and efficiency improvements to mitigate operational leverage effects, showing resilience in its manufacturing business[6]. - The retail subsidiary, Pou Chen International, faced fluctuations in customer traffic in mainland China, impacting sales trends[6]. - The company remains optimistic about the long-term outlook for its manufacturing business despite uncertainties in the macroeconomic environment[13]. - The company plans to continue focusing on cost control and cash flow management to ensure financial stability[13]. - The company aims to diversify its manufacturing capacity in regions like Indonesia and India to support sustainable growth[13]. Pricing Trends - The average selling price of footwear increased by 5.3% to $21.71 per pair, helping to offset the impact of the decline in shipments[7].
裕元集团(00551) - 2023 Q3 - 季度业绩