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Shoe Shipments and Manufacturing Revenue Down at Yue Yuen

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Shoe Shipments and Manufacturing Revenue Down at Yue Yuen

Chinese footwear manufacturer Yue Yuen on Thursday reported financial results for the nine months ended Sept. 30, 2026.

Chinese shoe manufacturer Yue Yuen Industrial (Holdings) Ltd. might have seen some positive signs in September, but it wasn’t enough to improve overall order intake and shipments for the nine months ended Sept. 30.

For the period, the company said Thursday that total revenue was down 2.1 percent to $5.89 billion, which included the 3.8 percent decline in revenue from the manufacturing business covering footwear production and soles and components. In addition to athletic, casual and outdoor shoes, the company also makes soles, shoe uppers, shoe bottoms and completed products comprised of both uppers and bottoms for a range of shoe brands that include Adidas, New Balance, Nike, Salomon, Crocs and Timberland, among others.

By footwear category, revenue attributed to athletic and outdoor shoes fell 4.3 percent in the period to $3.16 billion. Casual shoes and sports sandals saw revenue fall 3.4 percent to $625.8 million. For soles, components and other in the manufacturing business, revenue was rose 1.8 percent to $280.6 million.

Yue Yuen also said that shoe shipment volume fell 5.8 percent to 178.5 million pairs, while the average selling price rose 1.7 percent to $21.23 per pair. Overall, the profit for the nine months fell 51.9 percent to $134.0 million.

The company said that demand for short lead-time orders rose, as brand customers adopted a “more prudent approach to procurement,” which in turn resulted in increased order volatility in the period.


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