Unknown Economic Prospects Nine Hing Holdings Announced Footwear Sales Fell Recently

Nine Hing Holdings announced that the total unaudited revenues in the 3 and 9 months ended September were about $490 million 200 thousand and $1 billion 174 million 600 thousand respectively, representing an increase of about 5.2% and 3.2% respectively over the same period.

During the 3 months and 9 months, manufacturing revenue increased by 5.4% and 1.6% to 480 million 200 thousand US dollars to 1 billion 117 million 400 thousand US dollars respectively. Shoe shoe The average sales price of the product in the first 9 months of the year increased by 9.2% to $29.8.

Due to the limited capacity in the third quarter, the shipment volume increased by 2.1% to 14 million 600 thousand pairs in the third quarter; only 9 to the end of September, compared with the same period last year, it fell 6.9% to 37 million 500 thousand pairs.

Although the economic outlook is uncertain, the demand for footwear products will remain stable in the second half of the year, thanks to the continuous efforts of nine Hing to improve product quality. At the same time, the group will further expand the production facilities of inland and Southeast Asia in order to enjoy better labor and cost and ease the existing limited production capacity.

The third quarter of group footwear brand StellaLuna, WhatFor and JKJY. Sale Both have slowed down. In the 3 months and 9 months ended September, the revenue of group retail business increased by 8.4% and 23.1% to 23 million 300 thousand US dollars to 77 million 800 thousand US dollars respectively. Same store sales fell 8.2% in the third quarter. As of the end of September, the group has 212 StellaLuna outlets, 189 WhatFor outlets, 6 JKJY outlets and 1 PierreBalmain outlets in China.

Despite the recent slowdown, the group has a positive attitude towards the medium and long-term growth potential of the shoe market in China. To improve the long-term growth capability of retail business, the group is gradually optimizing China's store network. It is also planned to open the first place in the fourth quarter of this year. Paris StellaLuna shop.