Shoemaking Sanxiong's October revenue was released.
Shoemaking Sanxiong, Fengtai and Yuqi's combined revenue declined in October. On November 10, Baocheng announced that its combined revenue in October was 22.934 billion yuan, an annual decrease of 14.7%, a new low in the same month in the past four years; the cumulative consolidated revenue in the first ten months of this year was 204.925 billion yuan, an annual decrease of 21.5%, a new low in the same period in the past six years. Baocheng said that the main reason for the combined annual decline in revenue in October and the first ten months was mainly due to the impact of the new crown pneumonia epidemic.
Baocheng, a Hong Kong listed company, Yuyuan Industrial, which holds 51.11% of the shares, has a revenue of US$781 million in October, equivalent to approximately NT$22.869 billion, an annual decrease of 11.6%. Although the revenue of the channel business has increased compared with the same period last year, the epidemic still has an impact on the orders and production efficiency of the footwear manufacturing business. Yuyuan's cumulative revenue in the first ten months of this year was US$6.879 billion, an annual decrease of 18.1%. Baosheng International, which was independently split and listed by Yuyuan's channel business, has earned RMB 2.702 billion in October, equivalent to approximately US$387 million, an annual increase of 7.3%; its cumulative revenue in the first ten months of this year was RMB 21.043 billion, equivalent to approximately US$3.018 billion, an annual decrease of 6.5%.
Fengtai's October finished shoes sales were 8.91 million pairs, a monthly decrease of 10%, and an annual decrease of 13.4%, resulting in a combined revenue of 5.706 billion yuan in October and an annual decrease of 8.56%. The cumulative sales of finished shoes in the first ten months of this year reached 90.19 million pairs, a year decrease of 10.8%, resulting in a combined revenue of 57.046 billion yuan in the first ten months of this year, and a year decrease of 6.77%. On the 10th, Fengtai announced that the cumulative after-tax profit of 4.166 billion yuan in the first ten months of this year was 4.166 billion yuan, an annual decrease of 22.58%, and EPS was 4.72 yuan, lower than 7.32 yuan in the same period last year.
Because September and October are the season when the shipments of autumn and winter shoes and spring and summer shoes alternate, Yuqi announced that it had completed the combined revenue of 616 million yuan in October this year, a yearly decrease of 35.33%, but if calculated in US dollars, it would be a yearly decrease of 30.74%; the cumulative combined revenue of 8.982 billion yuan in the first ten months of this year was 13.08%, but if calculated in US dollars, it would be a yearly decrease of 9.26%. Yuqi-KY said that based on industrial characteristics and seasonal factors, monthly revenue fluctuated greatly. September and October are the season when autumn and winter shoes and spring and summer shoes alternately shipped, which is the traditional off-season for shipments in previous years. Monthly revenue performance has always been a relatively low-end zone in the second half of the year.
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