Hong Kong
Yue Yuen profit rises by more than 40% in 2024
The Hong Kong-based group ended the year with a 3.7% increase in revenue and a significant 42.8% rise in profits over the previous year, driven by solid performances from its manufacturing businesses
Assomac supports internationalisation efforts
The Italian Association of Tanning, Shoe and Leather Goods Machinery Manufacturers (Assomac) is supporting the internationalisation efforts of the sector in key markets such as India, Hong Kong and Pakistan
Stella Holdings ends the year on a gloomy note but full year performance holds up
An increase in sports orders helped the Hong Kong-based footwear manufacturer end the year 2024 with revenue up by 3.5% year-over-year, but the fourth quarter ended on a gloomy note
Yue Yuen reports revenue growth in the first nine months of 2024
Despite challenges in retail sales and market uncertainties, the Hong Kong-based group reported revenue growth and improved profitability, driven by manufacturing demand and operational improvements
Stella Holdings reports modest revenue growth in third quarter
Although Stella experienced modest revenue growth in the third quarter, year-to-date revenue growth is up by 5.1%, driven by sports orders. The company continues to make progress towards its three-year targets
Stella Holdings announces increase in the payout to shareholders
After achieving a 54% year-over-year rise in first half net profit, the Hong Kong-based footwear manufacturer has announced a significant increase in the payout to shareholders over the next three years
Yue Yuen’s footwear manufacturing business recovers in the first half
The Hong Kong-based group reported an overall decline in revenue in its unaudited first half results, driven by Pou Sheng’s performance, as the footwear manufacturing business recovered during the period
Stella Holdings reports first half growth driven by the sports category
Unaudited results for the second quarter and first half of 2024 show that the Hong Kong-based manufacturer’s growth has been driven by an increase in shipments in the sports category
Yue Yuen talks of a gradual recovery trend
The Hong Kong-based footwear group saw a 4.9% decline year-over-year in the first quarter of 2024, but highlighted the 9.1% shoe shipment volume increase due to a more normalised order book
Sports category drives first quarter growth for Stella Holdings
The footwear manufacturer has reported an unaudited consolidated revenue increase of 18.9% year-on-year in the first quarter of 2024, mainly due to demand for sports products
APLF attracts around 12 000 visitors
The organisers said it was a “successful” return to Hong Kong in an edition “tempered by slow market demand”, which attracted around 12 000 buyers, with China and India topping the top 10 visitor countries
Signs of optimism at the close of APLF
The leather trade fair returned to Hong Kong from the 19th to the 21st of March, with most leaving with positive impressions despite some caution due to the challenging macro environment
Yue Yuen reports a decline in full year revenue and profit
In line with its previous quarterly results, the Hong Kong-based footwear manufacturer reported a 12% year-over-year decline in revenue and a 7.3% year-over-year drop in profits in 2023
Global leather industry to gather at the upcoming APLF 2024
From the 19th to the 21st of March, the world’s leather industry will gather in Hong Kong for the fair’s return home. Eyes will be the much-anticipated attendance from APAC and Chinese buyers
Footwear industry leaders meet to address challenges and seize opportunities
This year’s Global Footwear Executive Summit, which will be held at APLF 2024 in Hong Kong on the 20th of March, will address innovations in footwear production, materials and branding strategy-
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