Athletic footwear manufacturing group Yue Yuen has reported revenue of just over $2 billion for the first quarter of 2025. This represents growth of 1.3% compared to the same quarter last year.

The CHINESE TAIWAN-based group shipped 61.9 million pairs in the three-month period, an increase in volume of 5.3% year on year. It produces its shoes in factories in China, Vietnam, Indonesia, Bangladesh, Cambodia and Myanmar.

Yue Yuen, which makes footwear for New Balance, ASICS, Nike, adidas, Salomon and others, brought in just over 50% of its revenue for the quarter from athletic and outdoor shoes. Around 10% of revenues came from casual shoes and sports sandals, and 4.4% from components.

The remaining 34% of revenues came from the group’s retail subsidiary, Pou Sheng.

“Despite the strengthening global economic headwinds, the group remains optimistic about the long-term prospects of the sports industry,” Yue Yuen said. It said it was “confident in its role as a strategic supplier” and that demand from leading international brands was good.

However, the near-term business environment will remain unsettled, it explained, with the risk of “volatile sentiment” arising from “tariff-related challenges”, as well as from inflation, weakened consumer confidence owing to macroeconomic uncertainties, and recurring regional conflicts further disrupting the stability of shipping logistics. These factors are affecting order visibility for the second half of 2025, particularly in the third quarter, which is traditionally a quieter season, the group added.