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Yue Yuen Ind (00551) surged more than 3% in early trading today. Comprehensive operating income net profit in May increased by 2.34% year-on-year.
Yue Yuen Ind (00551) rose more than 3% in early trading. As of writing, it is up 2.93%, with a price of HKD 14.76 and a turnover of HKD 22.5098 million.
Yue Yuen Industrial's May Sales Rises 2%
Yue Yuen Industrial's (HKG:0551) net consolidated operating revenue rose 2.3% to $717.4 million in May, according to a Tuesday filing with the Hong Kong Stock Exchange. In the five months ended May, t
Yue Yuen Ind (00551.HK): In May, the net comprehensive operating income was USD 717 million, a year-on-year increase of 2.34%.
On May 2024, Yue Yuen Ind. (00551.HK) announced that the net comprehensive operating income for this month was $717 million, an increase of 2.34% year-on-year (equivalent to total sales minus sales discounts and returns). The company's comprehensive cumulative net operating income for the five months ended May 31, 2024 was $3.369 billion, a decrease of 3.38% year-on-year.
Express News | Yue Yuen Industrial - May Net Consolidated Operating Revenue $717.4 Mln
[Brokerage Focus] Founder Securities gives its first strong recommendation rating to Yue Yuen Ind (00551), indicating that its manufacturing business is expected to improve along with overseas brand inventory this year.
Founder Securities’ research pointed out that Yue Yuen Ind. (00551) is the world’s largest sports shoe manufacturer with a diversified brand portfolio and production base. The company has a long-term cooperative relationship with international leading sports and outdoor brands, such as Nike, Adidas, Asics, and New Balance. In 2023, the company's shoe shipment volume reached 220 million pairs, of which Indonesia, Vietnam, and China Mainland accounted for 49%, 34%, and 12% respectively. At the same time, the company is also one of the largest sports shoe and clothing dealers in China, with 3,523 directly operated stores in 2023.
When Should You Buy Yue Yuen Industrial (Holdings) Limited (HKG:551)?
Yue Yuen Industrial (Holdings) Limited (HKG:551), might not be a large cap stock, but it led the SEHK gainers with a relatively large price hike in the past couple of weeks. Shareholders may app
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