Full-year revenues for sports shoe manufacturing group Yue Yuen totalled $7.89 billion in 2023, a decline of 12.3% year on year, Beijing-based media have reported.

Company revenues hadpreviouslyreached just under $9 billionover the 12 months prior.

Retail subsidiary Pou Sheng was up 7.7%, meanwhile, bringing in revenues of $2.9 billion.

Shoes by Yue Yuen customer adidas.Credit: