Weihong-KY announced that the consolidated revenue in January was 488 million yuan, a decrease of 22.29% compared with the same period last year.
The picture shows Hong Yongyu, chairman of Weihong.
(file photo)
[Reporter Yang Yamin/Taipei Report] Weihong-KY (8442), a professional sports equipment and boutique bag manufacturer, announced that its consolidated revenue in January was 488 million yuan, a decrease of 22.29% from the same period last year, mainly due to the fact that the number of working days during the Lunar New Year this year is higher than in previous years caused by halving.
Weihong said that observing the current order situation, the visibility of light luxury boutique bag orders has been maintained for at least one season, and sports-related products have also continued to reorder benefits from American customers moving production out of China. It is optimistic that the two major businesses will continue to maintain this year. growth trend.
Please read on...
Weihong pointed out that global international business and tourism activities continue to be hot, driving up the consumption momentum of luggage, light luxury and high-quality bags. Existing customers, including LONGCHAMP, HUGO BOSS, AWAY, etc., will continue to pour in orders this year. TUMI Thailand factory The order has been placed until the end of the second season.
In addition to existing customers, new customers of mid-to-high-end American boutique bags who were unable to receive orders due to the limited company’s full production capacity in the past will begin to receive orders within this year after completing the consolidation of the Cambodian factory last year. It is expected that American boutique bags will receive new orders. Customers' injections can contribute to revenue this year.
The sports equipment segment is expected to remain stable, and bags are expected to remain stable. As American customers continue to promote the policy of relocating production to China, Weihong’s Deyu factory in Vietnam will have the opportunity to benefit from the benefits of order transfer, making golf balls that were previously concentrated in China. Bag orders will gradually be transferred to Vietnam’s Deyu production base, which already has a mature golf bag production line, and Weihong will expand its production line to meet the demand for transfer orders.
Looking forward to 2023, Weihong maintains a cautiously optimistic attitude. Even though the current inventory level of the sports industry is still high, the company still has growth momentum due to the continuous expansion of the transfer order effect, and the annual operating scale is expected to rise again. The domestic and overseas mergers and acquisitions plans that have been postponed due to the impact are also expected to be promoted within this year.
Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel
Already added friends, thank you
Welcome to 【Free Finance】
feel good
Already liked it, thank you.
related news