BUZZ-HK-listed Yue Yuen surges by most in more than 9 months as H1 revenue climbs

Reuters
Aug 12
BUZZ-HK-listed Yue Yuen surges by most in more than 9 months as H1 revenue climbs

** Shares of footwear manufacturer Yue Yuen Industrial(Holdings) 0551.HK rise 8.8% to HK$13.48, their highest since March 17

** Stock set for the biggest one-day pct rise since Oct 28, 2024

** Co said its H1 revenue climbed 1.1% y/y. Revenue attributed to footwear manufacturing increased by 8.3% y/y, with shoes shipment volume up 5% y/y

** Says profit attributable to owners of the company down 7.2% y/y while the company declares interim dividend of HK$0.40 per share to shareholders, unchanged from year-ago period

** "In the second half of 2025, the Group expects the near-term business environment and order visibility to remain unsettled," due to tariff risks, inflation, and "weakened consumer confidence due to macroeconomic uncertainties." - Co

** YTD, stock down 23.7%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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