Yue Yuen’s Sharp Manufacturing Decline May Reflect Tough Footwear Year Ahead

Yue Yuen Industrial (Holdings) Limited reported that the net consolidated operating revenue of the company for January 2023 declined 16.7 percent to $810.3 million, compared to $972.3 million in the prior-year month.

The company’s Manufacturing business declined 25 percent for the period, while the Pou Sheng retail subsidiary business in China declined 0.3 percent for the month.

Yue Yuen’s Sharp Manufacturing Decline May Reflect Tough Footwear Year Ahead

SGB Executive

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