Yuyuan Group (00551) fell nearly 4%. As of press release, it was down 3.7% to HK$11.46, with a turnover of HK$19.4853 million.
The Zhitong Finance App learned that Yuyuan Group (00551) fell nearly 4%. As of press release, it fell 3.7% to HK$11.46, with a turnover of HK$19.4853 million.
According to the news, Yuyuan Group recently announced that the company's net consolidated operating income for March 2024 (that is, equivalent to total sales minus sales discounts and sales returns) was US$662 million, a year-on-year decrease of 5%; the company's consolidated net operating income for the three months ended March 31, 2024 was US$2.03 billion, a year-on-year decrease of 4.94%.
Guoyuan International previously pointed out that management said that order visibility has improved since the end of 23Q4, and the recovery has strengthened, but there are still uncertainties such as macro and SUEZ shipping. It is estimated that in '24, shoe volume will increase year-on-year to the highest number of units. Shoe ASP may be under pressure due to the high base in '23. The gross manufacturing margin in '23 was 19.2%. With improved utilization and cost control, gross manufacturing margin is expected to maintain this trend.