Two of the largest footwear manufacturers in China and Southeast Asia reported improved shipment numbers from 2024 and the May volume trends.
Feng Tay Enterprises
Feng Tay Enterprises, one of the longest-tenured producers of Nike footwear, reported that manufacturing revenues declined 3.1 percent y/y to NT$7.1 billion after cratering 23.4 percent in May and rising 2.7 percent in April. The company’s June shipment growth cycled against a flattish 0.82 percent increase in June 2024.
The six-month (H1) year-to-date (YTD) shipment revenues were down 4.1 percent through June to NT$41.1 billion.
Feng Tay Enterprises reports in New Taiwan Dollars (NT$) currency.
Yue Yuen Manufacturing
Yue Yuen Industrial (Holdings) Limited’s manufacturing business, responsible for footwear production for a large portion of major outdoor and athletic brands in the U.S. and Europe, was back in the growth zone in June, increasing 9.4 percent y/y after increasing just 0.5 percent y/y in May, and moved closer to the 10.5 percent growth posted in April.
Manufacturing was up 6.2 percent for the 2025 six-month (H1) YTD period through June, improving from the 5.6 percent increase through May, but falling short of the 7.1 percent positive trend through April.
Total net consolidated operating revenue generated in June 2025 by Yue Yuen Industrial (Holdings) Limited, including the footwear manufacturing business and retail stores throughout China, increased 1.5 percent y/y to $657.4 million, due to worsening fortunes in the Pou Sheng China Retail business, which accompanied the weaker growth in manufacturing.
Pou Sheng China retail revenues fell 16.4 percent y/y in June after some light at the end of the tunnel in May, as it signaled an improvement from the retail trend line in April.
The company’s net consolidated cumulative operating revenue for the 2025 H1 period through June increased 1.1 percent y/y to $4.06 billion.
Yue Yuen and its footwear manufacturing business trade and report in U.S. dollars ($) currency.
