The World'S Largest Footwear Company, Yuyuan, Has Earned $1 Billion 90 Million In The First Three Quarters Of Its Outdoor Shoes.

The largest system in the world

The Yuyue yuan Group announced that in the first 9 months of September 30, 2014, the group's turnover amounted to US $5 billion 940 million, an increase of 6.8 percentage points over the same period last year.

Which belongs to the main business -

The class was $2 billion 850 million, a slight increase of 1.4 percentage points, accounting for 48% of the group's business.

Business has improved significantly, up 10.7% over the same period last year, and business share increased to 18.3%.

In the first three quarters, Yuyuan's gross profit margin increased from 1 billion 180 million in the same period last year to 1 billion 300 million US dollars, but the pre tax profit decreased significantly, from 343 million 600 thousand US dollars to US $243 million 200 thousand, and net profit fell from 3.249 to 216 million 100 thousand US dollars.

Excluding all non recurring items, the group's profit in the first three quarters was about $319 million, an increase of 9.5% over the same period last year.

In the first 9 months of 2014, Yu Yuan sold 229 million pairs of shoes, a slight decrease of 0.5 percentage points over the same period last year.

Yuyuan Industrial Department, a strong multinational group under the Baocheng group of Taiwan, listed and issued shares in Hongkong in 1992. It is the outstanding listed company of Hongkong stock exchange in recent years.

Mainland China has jurisdiction over Dongguan, Zhongshan, Zhuhai and Huang Jiang, and now has 182 production lines and nearly 160 thousand employees. It specializes in the production of world famous brand sports shoes, casual shoes and jogging shoes such as NIKE (Nike), Adidas (Adidas), REEBOK (Reebok) and so on. It is the world's largest footwear manufacturer.

In April this year, due to insufficient payment of social security, the Yuyuan shoe factory in Dongguan stopped work and started to work. The company finally spent $90 million to solve its employees' demands.