Yue Yuen Industrial (HKG:0551) expects its first-quarter attributable profit to be 50% to 55% lower than the $75.8 million recorded in the same period of 2025, according to a Hong Kong bourse filing Tuesday.

The firm attributed the downbeat forecast to the escalation of geopolitical tensions and seasonal misalignments, which led to an increase in the costs of footwear manufacturing.

The footwear maker expects to announce its financial results on May 13.