Feng Tay Enterprises, one of the longest-tenured manufacturers of Nike footwear, reported Manufacturing revenues increased 10.9 percent to NT$8.12 billion in November, returning to positive territory after posting a 10.0 percent year-over-year decline in October.

The monthly trend represented the biggest year-over-year monthly increase at Feng Tay since May 2024 and cycled against a 4.3 percent increase in November 2023.

Total 11-month YTD sales were up 3.0 percent to NT$80.8 billion through November 2024, a strong trend line given that the full year performance last year amounted to a 10.6 percent decline year-over-year through December.

Yue Yuen Industrial
Yue Yuen Industrial (Holdings) Limited, the manufacturer of footwear for most major outdoor and athletic brands, reported that the company’s November 2024 net consolidated operating revenue increased 7.5 percent to $681.5 million.

Yue Yuen’s November 2024 increase easily comped against the 3.6 percent decline to $633.7 million in November 2023, helped by continued growth in its Manufacturing shipments this year offsetting continued declines in the company’s Pou Sheng China Retail unit.

The company’s net consolidated accumulative operating revenue for the 11 months ended November 30 (YTD) increased 3.4 percent year-over-year to $7.50 billion.

Yue Yuen Manufacturing
The company’s Manufacturing business posted a 17.0 percent increase in November, easily outpacing the year-to-date trend. The month had an easy comp this year against a 9.6 percent decline posted in November 2023. Still, the trend line moderated on the Manufacturing side as the strong increase came up short against the 21.3 percent increase in October 2024.

Manufacturing posted a 10.9 percent increase for the 11-month YTD period this year, easily comping against a 19.6 percent decrease for the 11-month YTD period last year.

Yue Yuen and its Footwear Manufacturing business trades and reports in U.S. dollars ($).

Pou Sheng China Retail
The company’s Pou Sheng China retail business saw another double-digit decline after a short reprieve in October 2024 when sales increased 4.7 percent. Sales in November fell 11.9 percent year-over-year.
The 11-month YTD decrease was 8.4 percent through November.

Pou Sheng trades and reports in the Chinese RMB or Yuan currency.

Image courtesy Feng Tay Group