Investor Relations

Investor Relations Overview

Message from Chairman

We continued to experience a challenging operating environment, as well as dynamic consumer demand. The softening global economic environment is also adding to these challenges.

Despite this, we have made progress in solidifying our relationships with key brand customers by engaging with them earlier in the product development process and involving ourselves more in the design phases of their key products.

We are also continuing to invest in Manufacturing Excellence, including in innovation, process re-engineering and automation, which is enabling us to improve our competitiveness, differentiate ourselves from our competitors, and strengthen our engagement and relationships with brand customers.

Our efforts in the area of sustainability are also reinforcing our importance as a strategic partner to brand customers. This includes the recent accreditation of the social compliance program of our parent, Pou Chen Group, by the Fair Labor Association (FLA), making us the first FLA-accredited footwear supplier globally.

We will continue to execute our long-term strategies while limiting the impact of monthly order volatility and other disadvantageous factors, to move Yue Yuen back towards sustainable and steady growth and to maintain our status as a pioneer and leader in the footwear manufacturing industry.

Lu Chin Chu
Chairman of Yue Yuen

Stock Information

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Financial Key Figures

2019 Full Year Results
Full Year Dividend (HK$/Share)

$1.10

Payout Ratio 76%

2019 Gross Profit Margin

24.9%

2019 Net Borrowings to Equity#

24.4%

# Excluding lease liabilities. 2019 Net Debt to Equity (including lease liabilities) would be 33.3%.

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FY2019 Results Highlights

Revenue

US$ MN

+4.2% %
Profit Attributable to Owners

US$ MN

-2.1% %
Ordinary Dividend

HK$ per share

-26.7% %
Shoe Volume

MN pairs

-1.1% %

Manufacturing Revenue by Destination

31.3% US 28.5% Europe 14.7% China 25.5% Others#

Manufacturing Revenue in FY2019
# Others include rest of Asia, South America, Canada, Australia, and other areas

Shoe Volume by Region

39% Indonesia 44% Vietnam 13% China 4% Others#

Shoe volume in FY2019
# Other production locations include Bangladesh, Cambodia, Myanmar, etc.

​Awards & Recognitions

Fair Labor Association (FLA) accreditation

In June 2018, the social compliance program of the Group’s parent, Pou Chen Group obtained accreditation from the FLA, a non-profit organization dedicated to protecting workers’ rights around the world, making the Group the first FLA-accredited footwear supplier globally. The accreditation recognized the Group’s commitment to globally implement workplace standards; implement a comprehensive system to evaluate and incentivize manufacturing facilities and material suppliers to improve working conditions; invest in a social compliance program, training, and remediation; and improving its transparency in remediating labor violations at its production sites and establishing multiple grievance channels.

Our Latest Awards

HKIRA 6th Investor Relations Awards 2020

Best IR Company

Best IR by CFO

Best IRO

Best IR Team

Best Investor Meeting

Best Investor Presentation Material

Institutional Investor – The All-Asia Executive Team 2020

(Developed Markets – Small & Midcap – Hong Kong)

Honored Company

Best CFO

Best IR Team

IR Magazine Awards – Greater China 2019

Best use of multimedia for IR

Institutional Investor – The All-Asia Executive Team 2019

(Developed Markets – Midcap – Hong Kong)

Best CFO

Honored Company

HKIRA 5th Investor Relations Awards 2019

Best IR Company

Best IR by CFO

Best IRO

Best Investor Meeting

Best IR Team

IR Magazine Awards – Greater China 2018

Best Investor Event (Large Cap)