Stella International's (HKG:1836) revenue fell by around 2.2% to $331 million in the first quarter of 2025 from $338.4 million a year prior due to a high base effect, an April 17 Hong Kong bourse filing said.
Revenue from the manufacturing business segment declined by 1.8% to $320.5 million, with shipment value rising 3.4% to 12.1 million pairs. Average selling price (ASP) dropped 5% to $26.4 per pair.
The rise in shipment volume was driven by the sports segment, with ASP falling due to a lower ASP of sport product orders.
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