Shoe Trader Yuyuan Group'S Annual Net Profit Increased By 3%

Yuyuan group (00551.HK) announced its year-round results in September last year. Its net profit increased slightly from 3.2% to 480 million dollars, earning 29.08 cents cents per share, sending 56 cents at the end of last year, sending 55 cents in the same period last year, and paying 90 cents a year this year.

During the group period, revenue rose 15.4% to 5 billion 788 million dollars, and footwear output increased 16.3% to 286 million pairs. The group indicated that growth was benefited from the integration of procurement activities and consumer spending. Sales in Asia increased by 15.1%, and sales in the United States increased by 11.4%, returning to pre crisis levels, while European sales rose slightly by 5.6%.

In terms of products, the sales of group sports shoes increased by 13.1% to 3 billion 65 million dollars; casual wear /

During the period, the direct labor cost increased by 31%, the R & D cost increased by 13.5% to 131 million US dollars, and the capital expenditure was $349 million.

In September, the group set up 3953 outlets in the mainland and 4218 distributors in Greater China.

At present, there are 460 production lines distributed in the mainland, Indonesia and Vietnam.

In September, it held cash of 622 million US dollars, with a debt ratio of 26%, down 18 points from the same period last year.

The group also disclosed that revenue increased by 28% to $1 billion 690 million in the first quarter of December.