Group Overview - Yue Yuen Industrial's total revenue for 1H25 was US$4,060.1 million[12] - In 1H25, Athletic/Outdoor Shoes accounted for 53.6% of the business structure, Pou Sheng accounted for 31.1%, Casual Shoes & Sport Sandals accounted for 10.7%, and Soles, Components & Others accounted for 4.6%[11] Group Operation Highlights - Group revenue increased by 1.1% YoY to US$4,060.1 million in 1H25[41] - Profit attributable to owners decreased slightly by 0.3% YoY to US$155.0 million[41] - Manufacturing revenue increased by 6.2% YoY to US$2,797.9 million in 1H25[41] - Retail revenue decreased by 8.3% YoY to RMB 9,159 million in 1H25[41] - Interim dividend remained flat YoY at HK$0.40 per share, with a payout ratio of 48%[41] - Shoe volume increased by 5.0% YoY to 126.7 million pairs in 1H25[39] - Average Selling Price (ASP) increased by 3.2% YoY to US$20.61 per pair in 1H25[39] Manufacturing Business - Manufacturing revenue increased by 6.2% YoY to US$2,797.98 million in 1H25[64] - Manufacturing gross profit margin decreased by 1.4 percentage points YoY to 17.7% in 1H25[64] - Manufacturing operating profit margin decreased by 1.3 percentage points YoY to 5.9% in 1H25[64] Retail Business - Pou Sheng - Pou Sheng's revenue decreased by 8.3% YoY to RMB 9,159 million in 1H25[41] - Online contribution reached a historical high, accounting for 33% of total sales, a 16% YoY increase[97] - Pou Sheng's number of employees decreased by 7% YoY from 20,700 to 19,200[108]
裕元集团(00551) - 2025 H1 - 电话会议演示