These shoe factories have enough orders! However, large orders have not recovered significantly.

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Carry 14 pairs of LV shoes and 9 LV bags.

Failure to declare entry was seized by the customs.

March 26th, according to the news of WeChat WeChat official account released by the Customs, recently, when the Customs of Hangzhou Xiaoshan Airport was supervising the inbound flights, it was found that the image of a passenger's luggage passing through the plane was abnormal through the early machine inspection.

When the passenger entered the country, he chose the non-declaration channel and did not declare it to the customs. After unpacking inspection, the customs officers found 14 pairs of sports shoes and 9 purses in their suitcases, worth about 400,000 RMB.

The passenger admitted that he brought the above things into the country for purchasing profit. At present, the above items have been handed over to the anti-smuggling department for further processing.

These shoes and clothing export factories are welcoming opportunities for recovery.

Small orders continue, and large orders have not recovered significantly.

On March 26th, according to Vietnamese media reports:

Many export enterprises in Vietnam have seen positive signs of recovery and expect a brighter business prospect in 2024.

Mr. Ruan Zhizhong, Chairman of the Board of Directors of Jiading Group Co., Ltd. said that the company is currently receiving orders as of June 2024. At present, workers work overtime 5 days a week and 2-2.5 hours a day.

Similarly, Vietnam Ever Tech Plastic, which specializes in manufacturing and processing soles and molds, also has orders for the first few months of 2024, and the working atmosphere in the factory is more exciting.
Comprehensive source: multiple media

Photo: Vietnam Media

Ms Nguyen Thi Ngoc, deputy general manager of Vietnam Ever Tech Plastic Company, said that the company's export markets are mainly the United States and the European Union. In order to maintain the market, the company turned to produce many orders of different sizes.

Many merchants in the industry also said that the order volume in the big market has not recovered significantly, but smaller markets such as the Middle East or other parts of Asia have recovered significantly, partially making up for the shortage of orders. .

The textile industry expects that the export volume will reach 44 billion US dollars in 2024, an increase of about 4 billion US dollars compared with 2023.

TNG Trading and Investment Company aims to increase revenue and profit by 10% in the same period.

Thanh Cong textile-investment-trade has set a growth target of 15%.

Vietnam Textile and Clothing Group has also set the goal of increasing revenue by 3% to 17,356 billion VND by 2024, and increasing profits by 10% to 415 billion VND.

Li Ning's profit fell by over 20% in 2023.

Lower future earnings expectations

Li Ning released its results in 2023, with revenue increasing by 7% year-on-year to 27.6 billion yuan and net profit falling by 22% year-on-year to 3.19 billion yuan, basically in line with expectations.

Among them, in the second half of last year, revenue increased by 1.4% year-on-year to 13.58 billion yuan, and net profit decreased by 43% year-on-year to 1.07 billion yuan.

By the end of 2023, the company had achieved the three-year layout goal set in 21 years, and the number of big stores with a core of 300 square meters had expanded to over 1,660, with an average area of 410 square meters. The occupancy rate of the company's core business entities increased by nearly 90%, with a total of over 230 new and upgraded 9-generation stores, with an average monthly store efficiency of over 500,000. The average area of the whole store reached 245 square meters, and the average monthly store efficiency increased by a high number of units.

Li Ning said that he would continue to focus on sports series, and lowered the company's profit forecast for 24 to 25 years and added 26 years. It is estimated that the net profit for 24 years will be 3.3 billion yuan, the net profit for 25 years will be 3.7 billion yuan and the net profit for 26 years will be 4.1 billion yuan. The original estimated net profit for 24 years will be 4.4 billion yuan, and the net profit for 25 years will be 4.9 billion yuan.

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