Well-known shoe factories produce 7.5 million pairs this year! On-run Asia-Pacific sales soared by 76%

"Since the beginning of this year, with the continuous expansion of business, our order volume has increased significantly. At present, the production line is in the busiest period, and the rate of returning to work has reached 97.5%, which fully demonstrates the vitality and strength of the company. " Jin Chunmei, director of Jin Weili's human resources department and secretary of the Party branch, said.

Jin Chunmei told reporters that it is estimated that in 2024, the company's shoe production will reach 7.5 million pairs, the output value will be about 1 billion yuan, and the export earnings will reach 100 million US dollars.

It is reported that Jinweili Group, established in 2007, is a shoe-making enterprise integrating professional R&D, design, manufacturing and brand operation. It has more than 10 complete shoe-making enterprises, which has developed into a shoe-making industrial chain centered on Jinweili Company and formed a pattern of "multi-center and multi-base".

According to Citi analysts' research report, Li Ning's net profit may have declined last year due to sluggish consumer demand and intensified competition. Like other sportswear brands, Li Ning turned to direct sales instead of third-party sales, which increased its exposure to retail customers and suppressed its income.

In the future, Li Ning may face more intense competition from local competitors with Olympic-related sponsorship, which will lead to lower-than-expected revenue growth this year and pressure on the profit margin before interest and tax.

However, Li Ning may be more cautious in planning its wholesale income, so it is expected that its income will still increase slightly in 2024.

Swiss sports shoes brand Angpao announced its financial data in 2023. During the period, the brand's sales increased by 46.6% year-on-year to 1.79 billion Swiss francs, the gross profit margin increased from 56% in the same period of last year to 59.6%, and the net profit increased by 37.9% year-on-year to 796 million Swiss francs. Among them, in the fourth quarter of last year, the brand's sales increased by 21.9% year-on-year to 447 million Swiss francs, with a gross profit margin of 60.4%.

According to the market, sales in EMEA region increased by 29.2% year-on-year to 489 million Swiss francs; The revenue in the Americas was 1.162 billion Swiss francs, a year-on-year increase of 52.5%; China's sales in Asia-Pacific region increased by 75.9% year-on-year to 141 million Swiss francs.

Looking forward to the future, Ang Run expects sales to increase by at least 30% in 2024, exceeding 2.25 billion Swiss francs.

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