Bags / Shoes & Accessories

At present, the boom of the shoe industry continues to heat up.

Global shoemaking leader Baocheng Industrial (9904) announced yesterday (10) that its self-consolidated revenue was 22.276 billion yuan, an annual increase of 4.7%; the cumulative consolidated revenue for the first four months was 93.169 billion yuan, an annual increase of 15.4%, a historical record The second highest in the same period.

The shoe manufacturer Winterthur also announced that its self-consolidated revenue in April was 6.773 billion yuan, an annual increase of 32.7%; the accumulated consolidated revenue of the first four months was 26.110 billion yuan, an annual increase of 12.5%, which was a record high for the same period in history.

Yuqi, a major manufacturer of outdoor functional shoes, had consolidated revenue of 967 million yuan in April, not only a 169.9% increase from the same period last year, but also an increase of 22.2% from April 2019 before the outbreak; cumulative consolidated revenue for the first four months was 4.384 billion yuan , An annual increase of 40%, a record high in a single month and the first quarter.

Zhiqiang, the world's largest football shoe manufacturer, had revenue of 1.497 billion yuan in April, a monthly increase of 13.3% and a year-on-year decrease of 3.0%, showing a monthly growth trend for the second consecutive month; cumulative revenue for the first four months was 5.203 billion yuan, a year-on-year decrease of 4.8%.

Nanbao is the world’s largest manufacturer of adhesives for sports shoes. In the first half of last year, the city was closed due to the epidemic, retail stores were closed, and people went out less, causing the sales of sports shoes to freeze. The company’s operations in the first half of last year were affected. The physical retail stores of global sports shoe brands restarted business in half a year. Coupled with the strong growth of e-commerce sales, the sales of sports shoes in mainland China have returned to the level of 2019, and the shoe material business has recovered, boosting Nanbao's fourth quarter profit last year and a two-year profit. New highs, and momentum continues all the way to this year.

According to the industry, judging from the performance of the five major manufacturers, the global shoe industry has a clear signal of recovery.

Yue Yuen Industrial, an important subsidiary of Baocheng holds 51.11% of its shares, had self-consolidated revenue of US$786 million (NT$22.175 billion) in April, an increase of 10.7% from the same period last year; cumulative revenue for the first four months was US$3.278 billion. This is an increase of 22.5% from the US$2.677 billion in the same period last year.

Pou Sheng International, which was spun-off and listed by the Yue Yuen Channel business, had self-consolidated revenue of RMB 1.95 billion (US$300 million) in April, a decrease of 11.4% from the same period last year; cumulative revenue for the first four months was RMB 9.256 billion Yuan (US$1.426 billion), an increase of 29.5% over the same period last year.

Winterthur also announced the self-consolidated profit and loss information for the previous four months. The consolidated operating profit was 3.271 billion yuan, the pre-tax net profit was 3.502 billion yuan, the after-tax net profit attributable to the parent company was 2.295 billion yuan, an annual increase of 56.2%, and the after-tax net profit per share was 2.60 yuan.

Yu Qi's April month is not weak. In view of the strong momentum in placing orders from new and old customers, the company has decided to revise its full-year operating outlook for this year, emphasizing that the first quarter is the lowest point of this year's production and sales, and the business performance will grow quarter by quarter.

Yu Qi’s consolidated revenue in the first quarter was 3.417 billion yuan, an annual increase of 23.2% and a quarter-on-quarter increase of 14.7%. Benefited from the successful expansion of the group’s production capacity and the appropriate arrangement of orders, even though the number of working days was reduced during the New Year’s Day and due to The lack of cabinets led to deferred recognition of revenue, but consolidated revenue in the first quarter still hit a record high in the same period of the year.