Footwear manufacturing group Yue Yuen has reported full-year revenues for 2024 of just under $8.2 billion. This represents an increase of 3.7% compared to the figure for 2023.
Revenues from its production of shoes for brands including Nike, adidas, ASICS, New Balance and Salomon rose by 11% to bring in almost $5.2 billion.
Athletic and outdoor shoes contributed revenues of $4.4 billion towards the total and this category grew by 8.9% in 2024.
Yue Yuen’s casual shoes and sports sandal category achieved revenues of $765.4 million, up by 24% year on year, while soles and other components brought in $452.8 million, an increase of 12.4%.
The group’s retail subsidiary, Pou Sheng, brought in revenues of more than $2.5 billion, but this figure represents a fall of 9.5% year on year.
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