Bags / Shoes & Accessories

On June 12th, shoe giant Baocheng announced that its consolidated revenue for May was 21.487 billion yuan, a monthly increase of 2.5% and an annual decrease of 2.91%. Import and export data showed that the cumulative consolidated revenue for the first five months was 106.809 billion yuan, a year-on-year decrease of 3.86%.

Baocheng, which holds 51.11% of the shares, has a revenue of 701 million US dollars in May, equivalent to approximately NT $21.406 billion, a decrease of 7.5% annually. Among them, the shoemaking business decreased by 10.8% annually.

Yuyuan's cumulative revenue in the first five months of this year was 3.487 billion US dollars, a decrease of 10.2% annually. According to import and export data, the shoemaking business decreased by 18.2% annually, mainly due to the relatively high level of industrial inventory.

In addition, Pou Sheng International, which was independently split and listed by Yuyuan's channel business, had a revenue of 1.629 billion yuan since May, equivalent to about 237 million dollars, an annual increase of 6.6%. The cumulative revenue in the first five months of this year was 9.316 billion yuan, equivalent to about 1.353 billion dollars, an annual increase of 13.4%. This shows that consumer willingness has continued to stabilize after the deregulation of epidemic prevention measures in major operating areas.

Four major shoe manufacturers, Baocheng (9904), Fengtai (9910), Yuqi KY (9802), and Zhiqiang KY (6768), experienced a decline in revenue in May due to customer destocking inventory.

According to import and export data, shoe giant Baocheng's consolidated revenue in May was 21.487 billion yuan, a decrease of 2.91% annually; The revenue in the first five months was 106.809 billion yuan, a decrease of 3.86% annually.

Nike's main OEM shoe factory, Fengtai, had a revenue of 6.735 billion yuan in May, a decrease of 18.11% annually; According to import and export data, the consolidated revenue for the first five months was 32.876 billion yuan, a decrease of 15.1% annually. The net profit after tax for the first five months was 1.569 billion yuan, with an EPS of 1.78 yuan.

Yuqi's consolidated revenue in May was 1.664 billion yuan, a year-on-year decrease of 15.01%; The cumulative consolidated revenue for the first five months was 8.361 billion yuan, an annual increase of 4.45%. Yuqi emphasized that with the increase in interest rates and the prolonged conflict between Russia and Ukraine, there is more uncertainty and greater volatility in the global production and economic situation, which in turn affects the actual purchasing power of terminals and the pace of global production and sales operations.

Zhiqiang is burdened by customer destocking. According to import and export data, the consolidated revenue in May was 1.215 billion yuan, a decrease of 22.38% annually, and the cumulative revenue in the first five months was 6.146 billion yuan, a decrease of 10.01% annually.