Baocheng Vietnam'S Indonesian Factory Performance Soared

Mother's son is expensive, Baocheng's bottom Yuyuan industry, the annual total of 317 million pairs of shoes, higher than the previous year 307 million pairs, accounting for nearly one hundred percent of the total production of the group shoes, especially in recent years, the group shoes production base has been pferred from mainland China to Southeast Asia, Vietnam factory and Indonesia factory in the annual production ratio of shoes, up to 42% and 32%, more than 25% of the mainland factory.

The capital expenditure of the company on the annual shoe-making business was 398 million US dollars, up from US $307 million in the previous year.

Looking ahead to this year's operation, Yuyuan's capital expenditure will continue to expand in Vietnam, Indonesia and Burma, as well as the expansion of the "innovation research center" in Zhongxing new village.

Baocheng said that Yuyuan banner

The expansion of plant capacity is mainly to increase automation equipment and equipment.

In the third quarter of last year, Burma factory and Indonesia new factory have been put into operation. At present, the monthly output of sports shoes reaches 300 thousand pairs.

Among them, the capital stock of the Burma plant has increased to $82 million 370 thousand, and the capital of Indonesia new plant has increased to $57 million.

Baocheng group's mainland China plant year

The proportion dropped from 29% in the previous year to 25%.

Vietnam's 7 shoe making bases account for 42% of the shoe output of the group, not only higher than the 39% of the previous year, but also the largest overseas factory area of Baocheng.

Group is located in Indonesia shoe manufacturing base.

Mainly in West Java province, the annual output of shoe factories in Indonesia accounted for 32%, slightly higher than 31% in the previous year.

Yuyuan's annual footwear manufacturing business revenue, which is higher than the previous year's growth, can be attributed to an increase of 3.4% in last year's output. However, the gross profit margin of manufacturing business is also affected by the rise in manufacturing costs (including the increase in employee salaries), thereby reducing some of its operating profits. Fortunately, the increase in manufacturing costs has been offset by a decrease in material costs, making Yuyuan's annual surplus after tax surpass $390 million, an annual increase of 17.87%.