Shoe Maker Yuyuan Group's Turnover Increased By 18% Annually

Yuyuan group is a Taiwan funded enterprise, the largest international in the world. Brand sports shoes As well as casual wear shoes manufacturers, its global footwear brand customers include Nike, Adidas, Reebok, Converse, NewBalance, Timberland, Puma and Asics.

The group also operates retail and wholesaling sporting goods in the Chinese region. The group posted a net operating income of $530 million in July, a year-on-year increase from 23% in June to 23%, and a cumulative net income of 3 billion 410 million US dollars in the first seven months, with an annual increase of 18%. The world cup and the Asian Games, which will be held in November, will speed up the sale of sporting goods, and the global sporting goods providers will also need to rebuild their stocks.

before Yuyuan About $700 million was raised from loans and IPO. The proceeds would be used as general working capital and debt repayment to reduce financing costs and improve the financial position.