According to Zhitong Finance App, Jiuxing Holdings (01836) announced that in the three months ended September 30, 2026, the Group's unaudited consolidated revenue increased by about 2.2% to US$412.9 million (2025: US$404.2 million); in the nine months ending September 30, 2026, the Group's unaudited consolidated revenue increased by about 1.7% to US$1,199.6 million (2025: US$1,1792 million).
In terms of the footwear manufacturing business, shipments declined in the three months ended September 30, 2026, mainly due to the phased shutdown of production by the Group's shoe factory in the Philippines beginning in July 2026, and orders from a casual customer were carried out ahead of schedule in the first half of 2026. As a result, the decline in shipments in the first nine months of 2026 is also in line with expectations. The average sales price for the 3 and 9 months ended September 30, 2026 increased, driven by the Group's product portfolio with a higher average sales price (especially in the sports category), as well as an increase in raw material costs.
According to the three-year plan (2026-2028) recently released by the company, the Group is working to expand and diversify production bases to support future growth. The Group's new exclusive factory in Vietnam for a high-end sports customer began operation in the third quarter of 2026. It is expected that production capacity will continue to increase in 2027, while the Group's two new plants in Indonesia and Bangladesh are expected to commence operation in the fourth quarter of 2026. Together with the Group's current plant in Solo, Indonesia, these new plants are expected to increase the Group's total production capacity by about 20 million pairs in the next few years. The Group plans 2026 as the investment year, and it is expected that most of the profit growth brought about by the strategies outlined in the three-year plan will be realized later in the 2026-2028 period.
Furthermore, in addition to paying regular dividends (including final dividends and interim dividends) at a dividend rate of about 70%, the Group still promises to return up to $60 million in additional cash to shareholders in 2026 through a combination of share repurchases and special dividends.