Yue Yuen Industrial (holdings) Limited · HKEX:551
Yue Yuen Industrial (holdings) — FY2025 Earnings Presentation
63 slides from Yue Yuen Industrial (holdings)'s earnings presentation, Mar 11, 2026
Slide 1: Yue Yuen Industrial 2025 Annual Results
Yue Yuen Industrial 2025 Annual Results 11 Mar 2026
Slide 2: Disclaimer
Disclaimer Yue Yuen and Pou Sheng have taken every reasonable care in preparing this presentation. However, please be reminded that the information, materials, opinions and statements contained or referred to in this presentation are all provided on an "as is" basis. None of the aforesaid informatio
Slide 3: Agenda
Agenda Group Overview 01 1 p 4-12 Group Operation Highlights 02 1 p 13-24 1 Manufacturing Business 03 1 p 25-36 Retail Business - Pou Sheng 04 1 p 37-52 Appendix 05 1 p 53-62 Yue Yuen 2025 Annual Results 3
Slide 4: 01 Group Overview
Yue Yuen Industrial 01 Group Overview
Slide 5: Company Profile
Company Profile Founded in 1988, and listed on the HKEX in 1992 (551.HK) A yield play with solid performance – committed to driving return and value for shareholders FY25 Business Structure Soles, Components & Others 4.4% (FY24: 5.5%) Pou Sheng^ Athletic / Outdoor Shoes 29.7% (FY24: 31.3%) 55.2% (FY
Slide 6: 2025 Financial Performance Overview
2025 Financial Performance Overview Profit Attrib. to Dividend Operating Revenue Free Cash Flow Owners Per Share Cash Flow* $8,031mn $381mn HK$1.30 $612mn $265mn 2025 -$151mn -$12mn -3.1% -$14mn -2.2% -$61mn -18.7% (US$) (Y-o-Y Change) (% of Revenue) (Payout Ratio) (% of Revenue) (% of Revenue) -1.8
Slide 7: Balance Shareholder Return & Future Investments
Balance Shareholder Return & Future Investments Dividend & Repurchase CAPEX and R&D In US$’mn In US$’mn Diversification & Premium Product Innovation 76% 77% 68% 69% 70% Reinforce Competitive Edge 4.6% 5.1% 3.0% 3.1% 2.8% 269 268 228 226 3.4% 2.5% 3.0% 201* 396 2.5% 2.5% Due to payment timing based o
Slide 8: Digital Transformation Supports Growth Strategy
Digital Transformation Supports Growth Strategy 5 Values SCM OCP PLM 4 Directions Speed 3 Segments BI Design 2 E2E Platform Flexibility SAP Footwear Equipment OEM / ODM World’s Leading WMS Innovation Apparel 1 Sporting Goods MFG Platform Material Retail Quality DRS MES Accessories Process Sustainabi
Slide 9: Corporate Social Responsibility
Corporate Social Responsibility Sustainable Manufacturing The Only FLA Accredited Footwear Following customers’ commitments to SBTi^ OEM/ODM Globally to achieve the goal of reducing our emissions Investing in human capital, lifting workplace by 46.2% by 2030, as compared with the base standards & fa
Slide 10: Sustainable Manufacturing
Sustainable Manufacturing Direct Process Green Energy Water Recycling Waste Recycling Energy Intensity Carbon Intensity 27% 55.8% 36.2% 11.7-26.6 2.7-4.3 3pp 9.4pp 3.8pp MJ/pair kg CO2e/pair Female Local Voluntary Management Management CBA Turnover Remuneration 56.2% 85.9% 94.3% 10.0% FLA Fair
Slide 11: Recognition and Achievement
Recognition and Achievement CORPORATE ESG Yue Yuen landed 17 awards including ‘Most Honored Company’ MSCI ESG Rating CDP Climate Change: B BB CDP Water Security: B in the 2025 Asia (ex-Japan) Executive Team - (Updated in Feb 2025) (Updated in Jan 2026) Consumer/Discretionary ˙ Rest of Asia & Hong Ko
Slide 12: Manpower Structure
Manpower Structure FY25: 294,900 No. of Employees FY24: 285,500 3.3% As at 31 Dec 2025 MFG Manpower Distribution − by Region (%) -7.8 -11.1 -12.8 -14.3 -9.5 -9.5 8.4 9.4 4.3 -1.2 -14.9 -14.6 29.6 CN 25.8 18.1 33.3 20.0 8 22.1 VN 37 6 265.2 287.6 284.2 265.5 276.8 242.6 49 Others IN 2020 2021 2022 20
Slide 13: 02 Group Operation Highlights
Yue Yuen Industrial 02 Group Operation Highlights
Slide 14: YY Challenges & Strategies Highlights
YY Challenges & Strategies Highlights Business Review ① Premium Order Mix Drives ASP Expansion − Exceeding Expectations • 4Q25 ASP ↑ 5.4% YoY ; FY25 ↑ 3.7% YoY to US$ 21.00 per pair • YY continues to prioritize responsiveness as its core guiding principle, • 4Q25 Shoe volume ↓ 8.2% YoY ; FY25 ↓ 1.2%
Slide 15: Key Financial Highlights for FY 2025
Key Financial Highlights for FY 2025 Revenue GP Margin Dividend Group US$ 8,031.4 mn 22.8% HK$ 1.30 per share -1.8% -1.6pp Payout ratio: 70% Revenue GP Margin Profit Attrib. to Owners MFG US$ 5,648.3 mn 18.2% US$ 362.7 mn +0.5% -1.7pp +3.7% Revenue GP Margin Profit Attrib. to Owners Retail RMB 17,13
Slide 16: YoY Revenue by Category
YoY Revenue by Category FY25: US$ 8,031.4 mn Athletic / Total Revenue 1.8% FY24: US$ 8,182.2 mn Casual Shoes Outdoor Shoes & Sport Sandals 84% 4,435.0 16% US$ 5,296.6 mn 0.7% Athletic / Outdoor Shoes 4,403.6 YoY: 2.5% 861.6 Casual Shoes 12.6% 765.4 & Sport Sandals 351.7 Soles, Components 22.2% 451.8
Slide 17: FY25 Manufacturing Revenue by Destination
FY25 Manufacturing Revenue by Destination Europe FY25: US$ 5,648.3 mn 27.1% MFG Revenue FY24: US$ 5,620.8 mn 0.5% FY24: 25.5% YoY: +7.1%# US 28.4% Mainland China FY24: 27.4% 13.7% YoY: +4.1%# FY24: 18.5% YoY: -25.5%# Others* 30.8% FY24: 28.6% # YoY changes in revenue amount YoY: +8.0%# * Others incl
Slide 18: Shoe Volume by Region
Shoe Volume by Region FY25: 252.2 mn pairs Shoe Volume FY24: 255.3 mn pairs 1.2%# 1% 5% 4% 5% 100% 9.0%# 80% 31% 49% 54% 54% 1.9%# 60% 34% Others* 40% Indonesia 34% 31% 32% 3.4%# Vietnam 20% 34% Mainland 12% 11% 9% 15.2%# China 0% 2013 2023 2024 2025 # YoY changes in volume (pairs) * Others include
Slide 19: Manufacturing Operation Efficiency Indicator
Manufacturing Operation Efficiency Indicator Productivity (pair per person) 2019 1028.4 2020 848.3 FY25 Profit per person & Profit per pair 2021 862.2 vs FY19 ↑95% & ↑115% respectively 2022 953.8 2023 828.8 2024 1,004.9 2025 930.1 Remark: used average No. of MFG Headcount for all calculations. Avera
Slide 20: YY Group Financial Highlights
YY Group Financial Highlights (US$’000) FY 2025 FY 2024 YoY Revenue 8,031,354 8,182,161 -1.8% Gross Profit 1,827,804 1,992,710 -8.3% Gross Profit Margin 22.8% 24.4% -1.6pp Operating Profit 435,887 546,438 -20.2% Operating Profit Margin 5.4% 6.7% -1.3pp Profit Attrib. to Owners 381,082 392,415 -2.9%
Slide 21: YY Group Financial Ratios
YY Group Financial Ratios (US$’mn) FY 2025 FY 2024 YoY Depreciation & Amortization^ 364.1 383.0 -4.9% EBITDA 779.1 899.7 -13.4% Capital Expenditure 325.9 211.3 +54.2% Product Development 145.9 142.2 +2.6% Total Borrowings* 788.7 757.3 +4.1% Net Cash* 62.5 185.9 -66.4% As of Total Borrowings to Equit
Slide 22: YY Group Sources and Uses of Fund – FY25
YY Group Sources and Uses of Fund – FY25 (US$’mn) Net CFO*: +591.2 Net CFI: -310.6 +699.0 -20.3 Net CFF: -409.7 -87.5 -325.9 Tax Disputes∆ Tax^ +15.3 -102.7 -266.4 CAPEX Proceeds from div., Lease -44.6 +37.1 disposal, Liabilities +4.0 Adj. Cash^ int. − Repayment Dividend from reinvestment and Intere
Slide 23: Enhanced Capital Structure & Finance Cost Analysis
Enhanced Capital Structure & Finance Cost Analysis FY25: US$ 788.7 mn Borrowings FY24: US$ 757.3 mn 4.1% Finance Cost In US$’mn FY25 vs. FY24 Bank Borrowings Composition 63.3 37% 9.1 53.2 16.0% 0.3 7.1 22.0% 33% 0% 0.4 33.3% 1% 53.9 45.7 15.2% 66% FY24 FY25 63% Pou Sheng – Interest exp. on Lease Lia
Slide 24: YY Group ROE, ROA & ROIC Trend
YY Group ROE, ROA & ROIC Trend 14.8 12.5 12.4 11.3 10.8 10.0 12.1 8.4 8.5 8.0 8.8 8.3 7.6 7.4 7.3 7.1 6.5 6.6 3.2 . 5.8 2.8 5.3 4.1 4.0 3.7 4.2 -0.8 1.6 -0.8 -2.3 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 ROE (%) ROA (%) ROIC (%) Remark: ROE = Profit (Loss) attributable to owners of the comp
Slide 25: 03 Manufacturing Business
Manufacturing 03 Manufacturing Business Note: The figures in the following slides cover the core manufacturing operations of the consolidated entity of Yue Yuen Group, and are for analytical purposes only (prepared using the Company management accounts).
Slide 26: Manufacturing Financial Highlights
Manufacturing Financial Highlights (US$’000) FY 2025 FY 2024 YoY Revenue 5,648,284 5,620,753 +0.5% Gross Profit 1,029,980 1,117,027 -7.8% Gross Profit Margin 18.2% 19.9% -1.7pp Operating Profit 380,369 441,060 -13.8% Operating Profit Margin 6.7% 7.8% -1.1pp Profit Attrib. to Owners 362,744 349,744 +
Slide 27: Manufacturing – Optimization Strategies & Industry Trends Drive ASP Changes
Manufacturing – Optimization Strategies & Industry Trends Drive ASP* Changes (US$ per pair) YoY ↑ 5.4% 22.06 21.80 21.80 21.55 21.17 21.43 20.65 20.38 20.73 19.54 19.41 19.65 21.53 18.94 21.35 18.33 20.28 20.25 20.04 19.55 16.36 18.65 Inventory 17.92 17.79 Pandemic in Vietnam de-stocking Better-than
Slide 28: Manufacturing – GP Margin Trend
Manufacturing – GP Margin Trend Gross Profit Margin (%) 22.8 19.7 20.6 19.3 19.4 18.2 18.2 18.3 17.9 17.1 17.8 17.8 15.7 16.0 20.3 20.5 19.2 12.7 16.8 18.0 17.7 18.1 One-off reversal 11.7 offset some costs 6.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY 2020 FY 2021 FY
Slide 29: Manufacturing – OP Margin Trend
Manufacturing – OP Margin Trend Operating Profit Margin (%) 11.0 9.1 7.9 6.6 6.1 5.2 5.3 5.8 5.8 3.6 1.1 8.4 7.8 -1.0 6.1 5.7 7.2 4.4 4.4 4.9 -4.8 2.9 -9.7 -14.1 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 -2.3% 0.3% 5.7% 5.
Slide 30: Manufacturing – Utilization & COGS Analysis
Manufacturing – Utilization & COGS Analysis 93% 93% 87% 79% Revenue Utilization 73% +1% Rate 72% YoY GPM 14.7% 15.5% 18.4% 19.2% 19.9% 18.2% 7.8% 36.6% 37.1% 35.5% 0.2% Material 38.2% 36.5% 35.7% Labor & 48.7%^ 47.4%^ 43.4% 44.3% 44.4% 46.3% 4.7% Overhead (% of Revenue) Amount (YoY) FY20 FY21 FY22 F
Slide 31: Enhanced SG&A Expense and Other Expenses
Enhanced SG&A Expense and Other Expenses SG&A and Net Other Expenses +0.2pp Amount (US$’mn) & % of Revenue SG&A Expense • MFG & Shoe Revenue 574.7 MFG Revenue FY25: ↑ 0.5% YoY, 4Q25 ↓ 4.6% YoY Shoe Revenue FY25: ↑ 2.5% YoY, 4Q25 ↓ 3.3% YoY 10.4% 10.2% 10.6% 10.3% 10.1% 10.1% • Operational Efficiency
Slide 32: Manufacturing – Net Profit Margin (YoY)
Manufacturing – Net Profit Margin (YoY) (%) GPM Lean Mgmt -1.7 +0.1 +0.2 -1.9 +1.4 Material +0.5 -0.2 Procure +0.1 Mgmt. & Share of Others Usage Labor & SG&A + RD Other Income Tax ↓ results of 6.3 Efficiency ↑ Overhead Cost savings Income & (+1.2pp)∆ 6.4 Production Expenses^ A&JV Reallocation Other
Slide 33: Manufacturing – Net Profit Margin (HoH)
Manufacturing – Net Profit Margin (HoH) (%) GPM Lean Mgmt +1.0 +0.3 +1.0 +0.2 -0.7 +0.8 +0.3 Share of Tariff# +0.2 results of Others SG&A + Tax Effective tax Material Labor & Net Other Disputes A&JV rate^ ↑ Reversal∆ & FV loss Procure Overhead Expenses^ Mgmt. & Balance Cost savings 7.3 5.5 Usage pro
Slide 34: Manufacturing Operation Efficiency – FY25
Manufacturing Operation Efficiency – FY25 Trade Receivable Days Inventory Level In US$’mn 52^ FY24: 51^ 662 660 0.3% Inventory Days Working Capital Days Inventory Level 52^ FY24: 51^ 74^ Cash Position In US$’mn FY24: 75^ Trade Payable Days 30^ 575 590 2.6% FY24: 27^ Cash Position FY24 FY25 ^ Used an
Slide 35: Manufacturing – Financial Ratios
Manufacturing – Financial Ratios (US$’mn) FY 2025 FY 2024 YoY Depreciation & Amortization 229.6 231.1 -0.6% EBITDA 594.3 649.4 -8.5% Capital Expenditure 292.0 159.8 +82.7% Total Borrowings* 788.7 751.9 +4.9% As of Net Borrowings* 198.7 177.3 +12.1% 31 Dec Total Borrowings to Equity# 19.2% 18.8% +0.4
Slide 36: Manufacturing – ROE & ROA Trend
Manufacturing – ROE & ROA Trend 8.8 8.8 8.9 8.9 7.7 6.2 4.7 3.6 3.9 5.9 6.0 5.9 6.0 2.3 4.4 4.1 2.8 2.1 2.3 -0.6 1.3 -1.9 -1.2 -3.5 1H20 FY20 1H21 FY21 1H22 FY22 1H23 FY23 1H24 FY24 1H25 FY25 ROA (%) ROE (%) Remark: ROE = Profit (Loss) attributable to owners of the company / (Total Equity - Minority
Slide 37: 04 Retail Business – Pou Sheng
Pou Sheng 04 Retail Business – Pou Sheng Note: The figures in the following slides are based on Pou Sheng’s management accounts and announcements, and Pou Sheng adopts RMB as its reporting currency
Slide 38: Pou Sheng
MAICE SPORTS YOUR LIFE — ikea \ OE —
Slide 39: Pou Sheng Strategy & Operating Highlights
Pou Sheng Strategy & Operating Highlights Traffic declined substantially Discount Enlarged LSD% Digital Sales Contribution >30% Conversions Improved Aging Inventory ~7% of Total Douyin ↑ >70% YoY SSSG ↓Mid-teens% YoY Discount* & Traffic & Resilient Inventory Mix Conversion Rate Digital Sales Store F
Slide 40: Pou Sheng Financial Highlights (in RMB)
Pou Sheng Financial Highlights (in RMB) FY 2025 FY 2024 YoY RMB’mn % RMB’mn % % pp Revenue 17,132 100.0 18,454 100.0 -7.2 -- Cost of Sales (11,396) -66.5 (12,145) -65.8 -6.2 -0.7 Gross Profit 5,736 33.5 6,309 34.2 -9.1 -0.7 SG&A (5,589) -32.6 (5,888) -31.9 -5.1 -0.7 Other Income & Expenses, net 215
Slide 41: Pou Sheng GP Margin Trend
Pou Sheng GP Margin Trend Gross Profit Margin (%) 36.1 36.4 35.4 33.9 34.2 34.2 33.5 34.8 31.0 33.5 33.4 30.0 1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24 1H25 2H25 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 30.6% 35.5% 35.9% 33.7% 34.2% 33.5% Yue Yuen 2025 Annual Results 41
Slide 42: Pou Sheng OP Margin Trend
Pou Sheng OP Margin Trend Operating Profit Margin (%) 7.1 4.3 4.8 3.3 3.1 2.1 2.4 1.7 2.9 2.7 1.0 0.0 1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24 1H25 2H25 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 2.6% 4.0% 2.2% 3.7% 3.8% 2.1% Yue Yuen 2025 Annual Results 42
Slide 43: Pou Sheng SG&A Expenses Breakdown
Pou Sheng SG&A Expenses Breakdown SG&A Ratio Strategically Manage Retail Network, % of Revenue Optimize Rental Expenses Amount (YoY) • Holistic approach in channel planning to avoid low-efficiency store opening & closing 32.6% 5.1% • Number of direct operated stores ↓ 4.0% YoY 31.6% 31.9% • Facilita
Slide 44: Pou Sheng – Net Profit Margin
Pou Sheng – Net Profit Margin (%) COS Operating Analysis Deleverage GPM -0.7 SG&A% -0.7 +0.5 -1.2 +0.7 -1.2 Channel Mix -0.2 Sub- Discount Distributors ↓ & Others Staff Rental -0.3 +0.3 2.7 Costs Expenses Workforce Others reduction Online related Net Tax partially offsets expenses & Other 1.3 one-of
Slide 45: Pou Sheng Operation Efficiency – FY25
Pou Sheng Operation Efficiency – FY25 (Based on RMB) Inventory Level In RMB’mn Trade Receivable Days 19 FY24: 19 4,946 5,020 1.5% Working Inventory Days Capital Days 160 155 Working Capital FY24: 145 In RMB’mn FY24: 130 Trade Payable Days 4,689 5,128 9.4% 24 FY24: 34 FY24 FY25 Used an average of Inv
Slide 46: Healthy Aging & Well-Managed Inventory
Healthy Aging & Well-Managed Inventory (RMB’mn) ↑ 6.7% -2.9% 5,499 5,558 4,946 4,865 5,172 5,020 4,705 4,724 4,650 Dynamic inventory management Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Mar 25 Jun 25 Sep 25 Dec 25 >12 months inventory % remained HSD% from Dec 23 - Dec 25 among which Dec 25 reached the lowe
Slide 47: Pou Sheng Financial Ratios (in RMB)
Pou Sheng Financial Ratios (in RMB) (RMB’mn) FY 2025 FY 2024 YoY Depreciation of PPE & Amortization 320.7 335.8 -4.5% Depreciation of ROUA 646.0 758.3 -14.8% EBITDA 1,360.8 1,850.2 -26.5% EBITDA minus Depreciation of ROUA 714.8 1,091.9 -34.5% Capital Expenditure 243.4 371.4 -34.5% Total Borrowings*
Slide 48: Pou Sheng Sources and Uses of Fund – FY25
Pou Sheng Sources and Uses of Fund – FY25 (RMB’mn) - RMB 881.5 mn Net CFO: +551.0 Net CFI: -475.1 +674.1 -123.1 Net CFF: -958.7 -243.4 +37.9 -269.6 Tax -710.7 CAPEX Others Cash Interest Financial from received Assets -44.2 -203.8 operations & others at FVTPL +1.3 & Bond Lease Net Bor. Liabilities Re
Slide 49: Right-Sizing B&M Network
Right-Sizing B&M Network Directly Operated Stores Number of Stores vs. FY21 ↓ 29% YoY: -4.0% 4,631 4,093 3,523 3,448 3,310 -138 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 2021 2022 2023 2024 2025 Number of Stores Net Stores +/- Yue Yuen 2025 Annual Results 49
Slide 50: Customized Pan-WeChat Ecosphere
Customized Pan-WeChat Ecosphere Establishing solid relationship with consumer through comprehensive platforms, enhancing Sales conversion rate, Full-price in-season sales and Repeat purchases Shopping Mall Membership Platforms Douyin Livestreaming Localized operations by upgrading regional and store
Slide 51: Critical Missions in 3 Years
Critical Missions in 3 Years “Creating Value-added Services & Quality Experiences to Customers” Strategic Alliance • Best of Choice Offline & Online Integration Strive to be the best choice to business partners & Strengthen multi-faceted operation matrix further deepen strategic partnership with bra
Slide 52: Growth by Multi-faceted Brand Strategy Matrix
Growth by Multi-faceted Brand Strategy Matrix Weather PONY Core Image Revenue Building Athletics/ Strategic Athleisure Segmentation Channel Consumer Category Athletics/ Market Athleisure Demand Segmentation YY Lifestyle • YYQUALITY EXPLORER Rigid Supplementary Demand Income Region Yue Yuen 2025 Annu
Slide 53: 05 Appendix
Yue Yuen Industrial 05 Appendix
Slide 54: Shareholding Structure
Shareholding Structure Pou Chen (9904.TT) 51.36%^ Yue Yuen Industrial (Holdings) Ltd. (551.HK) 100.00% 62.55% Manufacturing Pou Sheng (3813.HK) As at 31 Dec 2025 ^ Total number of issued shares of Yue Yuen is 1,604,556,486 shares Yue Yuen 2025 Annual Results 54
Slide 55: Company Milestones
Company Milestones Organizational adjustment 2025 New factories in Central Java, Indonesia come onstream; Sole distribution rights for XEXYMIX brand (Mainland China); Kicked off the main construction work of new production base in India 2024 SAP ERP system went live 2023 Entered into a MOU with Indi
Slide 56: Revenue & Profit Attributable to Owners
Revenue & Profit Attributable to Owners Pou Sheng Pou Sheng Revenue MFG Profit Attrib. to Owners MFG In US$’mn In US$’mn 8,182 393 381 3% 8,031 2% 18 43 58% 2,561 2,383 7% 350 363 4% 5,621 5,648 0% FY24 FY25 FY24 FY25 The above figures of Pou Sheng exclude profit attributable to “Non-YY” shareholder
Slide 57: YY Group Financial Highlights – FY25
YY Group Financial Highlights – FY25 FY 2025 FY 2024 YoY US$'000 % US$'000 % % Revenue 8,031,354 100.0 8,182,161 100.0 -1.8 Cost of Sales (6,203,550) -77.2 (6,189,451) -75.6 +0.2 Gross Profit 1,827,804 22.8 1,992,710 24.4 -8.3 SG&A (1,342,756) -16.7 (1,391,558) -17.0 -3.5 Other Income & Expenses, ne
Slide 58: Manufacturing Financial Highlights – FY25
Manufacturing Financial Highlights – FY25 FY 2025 FY 2024 YoY US$'000 % US$'000 % % Revenue 5,648,284 100.0 5,620,753 100.0 +0.5 Cost of Sales (4,618,304) -81.8 (4,503,726) -80.1 +2.5 Gross Profit 1,029,980 18.2 1,117,027 19.9 -7.8 SG&A (574,749) -10.2 (582,365) -10.4 -1.3 Other Income & Expenses, n
Slide 59: Pou Sheng Financial Highlights (in USD) – FY25
Pou Sheng Financial Highlights (in USD) – FY25 FY 2025 FY 2024 YoY US$’000 % US$’000 % % Revenue 2,383,070 100.0 2,561,408 100.0 -7.0 Cost of Sales (1,585,246) -66.5 (1,685,725) -65.8 -6.0 Gross Profit 797,824 33.5 875,683 34.2 -8.9 SG&A (768,007) -32.2 (809,193) -31.6 -5.1 Other Income & Expenses,
Slide 60: Manufacturing – Revenue Trend
Manufacturing – Revenue Trend Revenue (US$’mn) YoY (%) 6,203 5,621 5,648 5,059 4,914 4,736 84.6 22.8 23.1 17.3 8.3 12.2 16.6 12.0 4.7 5.9 6.5 -0.8 -0.1 -4.5 -4.6 -9.6 -17.1 -18.1 -20.4 -24.0 -10.2 -24.6 -30.4 -18.9 1,600.0 1,400.0 1,200.0 1,000.0 800.0 600.0 400.0 200.0 - 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
Slide 61: Manufacturing – Shoe Volume Trend
Manufacturing – Shoe Volume Trend Shoe Volume (mn pairs) YoY (%) 273 244 255 252 238 60.0 218 29.3 16.6 19.4 7.4 9.1 10.7 3.9 1.2 5.3 4.7 -4.5 -4.0 -5.1 -8.2 -12.5 -12.1 -10.1 80.0 -20.7 -24.0 -23.6 -25.6 -28.3 -36.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 - 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4
Slide 62: Pou Sheng Revenue Trend
Pou Sheng Revenue Trend Revenue (RMB’mn) YoY (%) 25,611 23,350 47.7 20,064 18,638 17,132 6.5 16.8 8.9 18,454 0.3 -0.4 1.1 -1.0 -8.5 -7.5 -10.5 -10.8 -3.3 -5.4 -11.6 -6.4 -5.4 -15.1 -25.0 -25.1 -26.7 -25.0 -24.0 -20.4 8,000.0 7,000.0 6,000.0 5,000.0 4,000.0 3,000.0 2,000.0 1,000.0 - 1Q 2Q 3Q 4Q 1Q 2Q
Slide 63: Thank you Q&A
Yue Yuen Industrial Thank you Q&A
Yue Yuen Industrial (Holdings) — FY2025 Earnings Presentation on 6ix