Given the challenging macro environment, the Group will continue to improve efficiency at its shoe production facilities in China, Vietnam and Indonesia. More effort will be spent on research and development to help the Group maintain its dominant position in the industry.
On the retail side, streamlining operations and improving efficiency will also be the areas of focus.
“The Group will continue to improve its factory management so as to maximize production efficiency. Pou Sheng's management will work to ensure that its inventory balance returns to a normal level and its performance is expected to be improved,” said Mr. Tsai Chi Neng, Chairman of the Group.
Yue Yuen Industrial (Holdings) Limited