Yue Yuen Industrial (Holdings) Limited saw total turnover rise year-on-year by 10.2% to approximately $3.02 billion for the first nine months of fiscal 2007. Profit attributable to equity holders of the company increased year-on year-by 5.7% to approximately $281.5 million. Total footwear production volume for the nine-month period amounted to 174.3 million pairs, an increase of 15.6% compared with the corresponding period last year.
During the period under review, the revenue growth of the Great China wholesale and retail operations accelerated in light of surging domestic consumption for sporting goods. The footwear manufacturing operations also performed well, thanks to sustained volume growth. The overall operating environment has been challenging due to rise in material prices and labor costs. However, with the support of our customers and the improvement in production efficiency, we believe there will be opportunity to further grow our footwear manufacturing businesses.
| Total Turnover by Product Category | |||||
| Nine months ended 30th June 2007 | |||||
| 2007 | 2006 | y-o-y | |||
| US$ millions | % | US$ millions | % | % change | |
| Athletic Shoes | 1756.3 | 58.2 | 1,621.1 | 59.2 | 8.3 |
| Casual/Outdoor Shoes | 511.8 | 17.0 | 463.4 | 16.9 | 10.4 |
| Sports Sandals | 55.2 | 1.8 | 40.3 | 1.5 | 37.0 |
| Soles & Components | 351.3 | 11.6 | 355.4 | 13.0 | (1.2) |
| Retail Sales – Shoes & Apparel | 311 | 10.3 | 217.9 | 7.9 | 42.7 |
| Others | 31.8 | 1.1 | 41.2 | 1.5 | (22.8) |
| Total Turnover | 3017.4 | 100.0 | 2,739.3 | 100.0 | 10.2 |
| Total Turnover by Geographical Market | |||||
| Nine months ended 30th June | |||||
| 2007 | 2006 | y-o-y | |||
| US$ millions | % | US$ millions | % | % change | |
| U.S.A. | 1,059.5 | 35.1 | 1,025.7 | 37.5 | 3.3 |
| Canada | 54.9 | 1.8 | 55.3 | 2.0 | (0.7) |
| Europe | 770.6 | 25.5 | |||
