Upcoming Dividend • May 28
Upcoming dividend of HK$0.90 per share Eligible shareholders must have bought the stock before 04 June 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 70% and the cash payout ratio is 97%. Trailing yield: 8.9%. Within top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (5.0%). Live News • May 15
Yue Yuen Reports Revenue and Shipments Drop as Cost Pressures Weigh on Profit Yue Yuen reported a 2.2% decline in total revenue for the first quarter.
Footwear shipments fell 8.1% in the same period.
Profits dropped significantly, which the company linked to short-term production inefficiencies and higher labor costs, while it works to deepen partnerships with international brands.
The mix of softer demand, reflected in lower shipments, and cost pressures from labor and production inefficiencies points to near-term margin pressure for the core manufacturing business.
The focus on strengthening partnerships with global brands could help support order visibility and volumes over time, but investors may want to watch how quickly Yue Yuen can address cost issues and whether these relationships translate into more stable utilization of its production capacity. Announcement • May 12
Yue Yuen Industrial (Holdings) Limited to Report June,2026 Results on Jul 10, 2026 Yue Yuen Industrial (Holdings) Limited announced that they will report June, 2026 results on Jul 10, 2026 Reported Earnings • Apr 24
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: US$0.24 (down from US$0.24 in FY 2024). Revenue: US$8.03b (down 1.8% from FY 2024). Net income: US$381.1m (down 2.9% from FY 2024). Profit margin: 4.7% (down from 4.8% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 7.1%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Luxury industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Apr 11
Yue Yuen Industrial (Holdings) Limited to Report Q1, 2026 Results on May 13, 2026 Yue Yuen Industrial (Holdings) Limited announced that they will report Q1, 2026 results on May 13, 2026 Declared Dividend • Mar 14
Final dividend of HK$0.90 announced Shareholders will receive a dividend of HK$0.90. Ex-date: 4th June 2026 Payment date: 23rd June 2026 Dividend yield will be 7.9%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but not covered by cash flows (126% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 10% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 12
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: US$0.24 (down from US$0.24 in FY 2024). Revenue: US$8.03b (down 1.8% from FY 2024). Net income: US$381.1m (down 2.9% from FY 2024). Profit margin: 4.7% (down from 4.8% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 7.1%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year. Announcement • Mar 11
Yue Yuen Industrial (Holdings) Limited, Annual General Meeting, May 22, 2026 Yue Yuen Industrial (Holdings) Limited, Annual General Meeting, May 22, 2026. Location: 22nd floor, c-bons international center, 108 wai yip street, kwun tong, kowloon, Hong Kong Announcement • Feb 06
Yue Yuen Industrial (Holdings) Limited to Report Fiscal Year 2025 Results on Mar 11, 2026 Yue Yuen Industrial (Holdings) Limited announced that they will report fiscal year 2025 results on Mar 11, 2026 Recent Insider Transactions • Dec 24
Executive Director recently sold HK$1.8m worth of stock On the 16th of December, Hong-Chih Liu sold around 99k shares on-market at roughly HK$17.83 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$2.3m more than they bought in the last 12 months. Recent Insider Transactions • Dec 22
Executive Director recently sold HK$1.8m worth of stock On the 16th of December, Hong-Chih Liu sold around 99k shares on-market at roughly HK$17.83 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$2.3m more than they bought in the last 12 months. Reported Earnings • Nov 13
Third quarter 2025 earnings released Third quarter 2025 results: EPS: US$0.067. Revenue: US$1.96b (down 5.0% from 3Q 2024). Net income: US$107.5m (down 27% from 3Q 2024). Profit margin: 5.5% (down from 7.1% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Hong Kong. Announcement • Oct 13
Yue Yuen Industrial (Holdings) Limited to Report Nine Months, 2025 Results on Nov 12, 2025 Yue Yuen Industrial (Holdings) Limited announced that they will report nine months, 2025 results on Nov 12, 2025 Reported Earnings • Sep 10
Second quarter 2025 earnings released: EPS: US$0.059 (vs US$0.052 in 2Q 2024) Second quarter 2025 results: EPS: US$0.059 (up from US$0.052 in 2Q 2024). Revenue: US$2.03b (flat on 2Q 2024). Net income: US$95.4m (up 13% from 2Q 2024). Profit margin: 4.7% (up from 4.2% in 2Q 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Luxury industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 05
Upcoming dividend of HK$0.40 per share Eligible shareholders must have bought the stock before 12 September 2025. Payment date: 09 October 2025. Payout ratio is a comfortable 71% and the cash payout ratio is 80%. Trailing yield: 9.6%. Within top quartile of Hong Kong dividend payers (6.8%). Higher than average of industry peers (3.7%). Declared Dividend • Aug 13
First half dividend of HK$0.40 announced Shareholders will receive a dividend of HK$0.40. Ex-date: 12th September 2025 Payment date: 9th October 2025 Dividend yield will be 9.8%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (80% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 12
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: US$2.03b (flat on 2Q 2024). Net income: US$95.4m (up 13% from 2Q 2024). Profit margin: 4.7% (up from 4.2% in 2Q 2024). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in Hong Kong. Announcement • Jul 06
Yue Yuen Industrial (Holdings) Limited to Report First Half, 2025 Results on Aug 11, 2025 Yue Yuen Industrial (Holdings) Limited announced that they will report first half, 2025 results on Aug 11, 2025 Upcoming Dividend • May 29
Upcoming dividend of HK$0.90 per share Eligible shareholders must have bought the stock before 05 June 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 69% and the cash payout ratio is 80%. Trailing yield: 11%. Within top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.2%). Announcement • May 23
Yue Yuen Industrial (Holdings) Limited Approves Final Dividend for the Ended December 31,2024 Yue Yuen Industrial (Holdings) Limited at its AGM held on 23 May 2025, approved final dividend of HKD 0.9 per share of the Company for the year ended December 31, 2024. Major Estimate Revision • May 21
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$8.57b to US$8.40b. EPS estimate also fell from US$0.26 per share to US$0.232 per share. Net income forecast to grow 5.4% next year vs 6.4% growth forecast for Luxury industry in Hong Kong. Consensus price target down from HK$17.08 to HK$16.66. Share price fell 2.1% to HK$11.96 over the past week. Reported Earnings • May 13
First quarter 2025 earnings released First quarter 2025 results: EPS: US$0.047. Revenue: US$2.03b (up 1.3% from 1Q 2024). Net income: US$75.8m (down 24% from 1Q 2024). Profit margin: 3.7% (down from 5.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in Hong Kong. Announcement • Apr 18
Yue Yuen Industrial (Holdings) Limited Provides Unaudited Consolidated Earnings Guidance for the Three Months Ended March 31, 2025 Yue Yuen Industrial (Holdings) Limited Provided Unaudited Consolidated Earnings Guidance for the Three Months Ended March 31, 2025. For the period, the Group is expected to record a decrease of not more than 25% in its profit attributable to owners of the Company for the Period as compared to the Profit of USD 100 million for the corresponding period in 2024. Based on the information currently available to the Group, the aforesaid level of decrease in the Profit was mainly attributable to the negative impact on the gross profit margin due to an increase in unit costs for footwear manufacturing, amid a volatile operating environment led by a complex and dynamic global economic landscape: 1. Reduced production efficiency: uneven production leveling across various manufacturing plants, coupled with that the pace of the ramp-up of new production lines and the new upper processing factory did not perform as expected, has resulted in lower production efficiency which fell short of the set targets. This situation has made it difficult to reduce the reliance on overtime and other associated costs as initially intended; and 2. Increased labor costs: the number of employees in the manufacturing business has increased by a high single-digit percentage year-on-year. This growth, combined with rising wages across various regions, has driven up labor costs. However, the production efficiency did not meet expectations thereby leading to an inability to alleviate the pressure of labor costs. Announcement • Apr 11
Yue Yuen Industrial (Holdings) Limited to Report Q1, 2025 Results on May 12, 2025 Yue Yuen Industrial (Holdings) Limited announced that they will report Q1, 2025 results on May 12, 2025 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$10.38, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Luxury industry in Hong Kong. Total returns to shareholders of 19% over the past three years. Reported Earnings • Mar 12
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$0.24 (up from US$0.17 in FY 2023). Revenue: US$8.18b (up 3.7% from FY 2023). Net income: US$392.4m (up 43% from FY 2023). Profit margin: 4.8% (up from 3.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.1%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Mar 12
Yue Yuen Industrial (Holdings) Limited Declares Final Dividend for the Year Ended December 31, 2024, Payable on June 24, 2025 The Board of PCC's major subsidiary Yue Yuen Industrial (Holdings) Limited resolved to declare a final dividend of HKD 0.90 per share for the year ended December 31, 2024. Type and monetary amount of dividend distribution: Cash dividend.
Yue Yuen's final dividend shall be paid on June 24, 2025. Announcement • Mar 11
Yue Yuen Industrial (Holdings) Limited, Annual General Meeting, May 23, 2025 Yue Yuen Industrial (Holdings) Limited, Annual General Meeting, May 23, 2025. Location: 22nd floor, c-bons international center, 108 wai yip street, kwun tong, kowloon, Hong Kong Announcement • Feb 07
Yue Yuen Industrial (Holdings) Limited to Report Fiscal Year 2024 Results on Mar 11, 2025 Yue Yuen Industrial (Holdings) Limited announced that they will report fiscal year 2024 results on Mar 11, 2025 Major Estimate Revision • Nov 19
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$0.236 to US$0.264. Revenue forecast steady at US$8.20b. Net income forecast to shrink 4.6% next year vs 15% growth forecast for Luxury industry in Hong Kong . Consensus price target up from HK$18.74 to HK$19.73. Share price fell 2.5% to HK$16.40 over the past week. Reported Earnings • Nov 14
Third quarter 2024 earnings released Third quarter 2024 results: EPS: US$0.091. Revenue: US$2.06b (up 13% from 3Q 2023). Net income: US$147.3m (up 172% from 3Q 2023). Profit margin: 7.1% (up from 3.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Luxury industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Oct 14
Yue Yuen Industrial (Holdings) Limited to Report Q3, 2024 Results on Nov 11, 2024 Yue Yuen Industrial (Holdings) Limited announced that they will report Q3, 2024 results on Nov 11, 2024 Reported Earnings • Sep 15
Second quarter 2024 earnings released: EPS: US$0.052 (vs US$0.02 in 2Q 2023) Second quarter 2024 results: EPS: US$0.052 (up from US$0.02 in 2Q 2023). Revenue: US$2.01b (down 1.7% from 2Q 2023). Net income: US$84.4m (up 158% from 2Q 2023). Profit margin: 4.2% (up from 1.6% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Luxury industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 02
Upcoming dividend of HK$0.40 per share Eligible shareholders must have bought the stock before 09 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 6.6%. Lower than top quartile of Hong Kong dividend payers (8.3%). Higher than average of industry peers (3.9%). Announcement • Aug 14
Yue Yuen Industrial (Holdings) Limited Approves Interim Dividend for the Six Months Ended June 30, 2024, Payable on October 4, 2024 Yue Yuen Industrial (Holdings) Limited approved Interim Dividend of HKD 0.4 per share for the Six Months Ended June 30, 2024. Ex-dividend date September 9, 2024, Record date September 11, 2024, Payment date October 4, 2024. Declared Dividend • Aug 14
First half dividend of HK$0.40 announced Shareholders will receive a dividend of HK$0.40. Ex-date: 9th September 2024 Payment date: 4th October 2024 Dividend yield will be 8.5%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 5.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 13
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: US$2.01b (down 1.7% from 2Q 2023). Net income: US$84.4m (up 158% from 2Q 2023). Profit margin: 4.2% (up from 1.6% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Luxury industry in Hong Kong. Announcement • May 25
Yue Yuen Industrial (Holdings) Limited Approves Final Dividend for the Year Ended December 31, 2023 Yue Yuen Industrial (Holdings) Limited at its annual general meeting held on May 24, 2024, approved a final dividend of HKD 0.7 per share of the Company for the year ended December 31, 2023. Upcoming Dividend • May 23
Upcoming dividend of HK$0.70 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of Hong Kong dividend payers (7.4%). Higher than average of industry peers (3.0%). Reported Earnings • Apr 24
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$0.17 (down from US$0.18 in FY 2022). Revenue: US$7.89b (down 12% from FY 2022). Net income: US$274.7m (down 7.3% from FY 2022). Profit margin: 3.5% (up from 3.3% in FY 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 47%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Luxury industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Apr 13
Yue Yuen Industrial (Holdings) Limited to Report Q1, 2024 Results on May 13, 2024 Yue Yuen Industrial (Holdings) Limited announced that they will report Q1, 2024 results on May 13, 2024 Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to HK$11.32, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Luxury industry in Hong Kong. Total loss to shareholders of 32% over the past three years. Announcement • Mar 14
Yue Yuen Industrial (Holdings) Limited, Annual General Meeting, May 24, 2024 Yue Yuen Industrial (Holdings) Limited, Annual General Meeting, May 24, 2024. Location: 22nd Floor, C-Bons International Center, 108 Wai Yip Street Kwun Tong Kowloon Hong Kong Reported Earnings • Mar 14
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$0.17 (down from US$0.18 in FY 2022). Revenue: US$7.89b (down 12% from FY 2022). Net income: US$274.7m (down 7.3% from FY 2022). Profit margin: 3.5% (up from 3.3% in FY 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 47%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Luxury industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Mar 13
Yue Yuen Industrial (Holdings) Limited Proposes Final Dividend for the Year Ended December 31, 2023, Payable on 21 June 2024 Yue Yuen Industrial (Holdings) Limited proposed final dividend of HKD 0.7 per share for the year ended December 31, 2023. Date of shareholders' approval is 24 May 2024. Ex-dividend date is 30 May 2024. Record date is 03 June 2024. Payment date is 21 June 2024. Announcement • Jan 29
Yue Yuen Industrial (Holdings) Limited to Report Fiscal Year 2023 Results on Mar 13, 2024 Yue Yuen Industrial (Holdings) Limited announced that they will report fiscal year 2023 results on Mar 13, 2024 Recent Insider Transactions • Jan 13
Executive Director & CFO recently sold HK$535k worth of stock On the 10th of January, Chih-Hung Shih sold around 66k shares on-market at roughly HK$8.11 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Chih-Hung has been a net seller over the last 12 months, reducing personal holdings by HK$785k. New Risk • Nov 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.1% Last year net profit margin: 3.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.1% net profit margin). Reported Earnings • Nov 14
Third quarter 2023 earnings released Third quarter 2023 results: EPS: US$0.034. Revenue: US$1.83b (down 19% from 3Q 2022). Net income: US$54.1m (down 43% from 3Q 2022). Profit margin: 3.0% (down from 4.2% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Hong Kong. Announcement • Nov 01
Daphne International Holdings Limited (SEHK:210) acquired the remaining 40.04% stake in Full Pearl International Limited from Yue Yuen Industrial (Holdings) Limited (SEHK:551). Daphne International Holdings Limited (SEHK:210) agreed to acquire the remaining 40.04% stake in Full Pearl International Limited from Yue Yuen Industrial (Holdings) Limited (SEHK:551) for CNY 42.5 million on September 28, 2023. Upon signing of the SP Agreement, the Daphne shall pay to the Yue Yuen Industrial (Holdings) Limited a deposit in the amount of CNY 12.75 million which will be paid at closing as a part payment and CNY 29.75 million, equivalent to be paid by the Daphne to the Yue Yuen Industrial (Holdings) Limited (SEHK:551) at completion. Upon Completion, the Full Pearl International Limited will become a direct wholly-owned subsidiary of the Daphne International Holdings Limited. The deal is subject to (a) all the Warranties being true and correct in all material respects and remaining so from the date of share purchase agreement up to Completion (b) all necessary consents in relation to the transactions contemplated under share purchase agreement having been obtained by each Obligor of the Stock Exchange and any relevant authorities and other relevant third parties in Hong Kong, the PRC or elsewhere which are required for the entering into, execution, delivery and performance of share purchase agreement and the Transaction, having been obtained (c) Daphne International Holdings having paid the Deposit in full to Yue Yuen Industrial (Holdings) (d) Daphne International Holdings having paid the Deposit in full to Yue Yuen Industrial (Holdings) (e) all necessary consents in relation to the transactions contemplated under share purchase agreement having been obtained by each Daphne International Holdings of the Stock Exchange and any relevant authorities and other relevant third parties in Hong Kong, the PRC or elsewhere which are required for the entering into, execution, delivery and performance of share purchase agreement and the Transaction, having been obtained (f) Daphne International Holdings having published an announcement on the website designated by the Stock Exchange in relation to share purchase agreement and the Transaction, and the Stock Exchange not having made any objection to share purchase agreement, the Transaction, or this announcement. The Directors (including the independent non-executive Directors) of Daphne International Holdings Limited Chang Chih-Kai considered that the terms of the Transaction were fair and reasonable. As of July 31, 2023, Full Pearl International Limited having the net assets of approximately CNY 210 million. The deal expected to close by December 31, 2023. Daphne International Holdings Limited (SEHK:210) acquired the remaining 40.04% stake in Full Pearl International Limited from Yue Yuen Industrial (Holdings) Limited (SEHK:551) on October 30, 2023. Announcement • Oct 13
Yue Yuen Industrial (Holdings) Limited to Report Nine Months, 2023 Results on Nov 13, 2023 Yue Yuen Industrial (Holdings) Limited announced that they will report nine months, 2023 results on Nov 13, 2023 Recent Insider Transactions • Sep 05
Executive Director & CFO recently sold HK$250k worth of stock On the 30th of August, Chih-Hung Shih sold around 25k shares on-market at roughly HK$10.01 per share. This transaction amounted to 81% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Chih-Hung's only on-market trade for the last 12 months. Upcoming Dividend • Sep 05
Upcoming dividend of HK$0.20 per share at 8.9% yield Eligible shareholders must have bought the stock before 12 September 2023. Payment date: 06 October 2023. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 8.9%. Within top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (2.6%). Major Estimate Revision • Aug 18
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$8.87b to US$8.28b. EPS estimate also fell from US$0.153 per share to US$0.12 per share. Net income forecast to grow 20% next year vs 20% growth forecast for Luxury industry in Hong Kong. Consensus price target down from HK$12.14 to HK$11.67. Share price fell 5.8% to HK$10.32 over the past week. Reported Earnings • Aug 12
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$2.05b (down 12% from 2Q 2022). Net income: US$32.8m (down 62% from 2Q 2022). Profit margin: 1.6% (down from 3.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jul 29
Yue Yuen Industrial (Holdings) Limited Provides Group Earnings Guidance for the Six Months Ended June 30, 2023 Yue Yuen Industrial (Holdings) Limited provided group earnings guidance for the six months ended June 30, 2023. For the period, the group is expected to record a decrease of 50% to 55% in profit attributable to owners of the Company (the ‘Profit’) for the Period as compared to the Profit of USD 175 million for the corresponding period in 2022. Announcement • Jul 07
Yue Yuen Industrial (Holdings) Limited to Report First Half, 2023 Results on Aug 11, 2023 Yue Yuen Industrial (Holdings) Limited announced that they will report first half, 2023 results on Aug 11, 2023 
