Reported 7 months ago
La Yi-KY goes public today with a 114% increase in stock price, receiving enthusiastic oversubscription in both bidding and public offering. Established in 1987, La Yi Group collaborates with international brands like adidas, converse, HOKA, and UNIQLO, specializing in manufacturing various high-quality leisure, athletic, and special function shoes. With the booming sales of adidas and HOKA brands, La Yi achieves record-high revenue and profits, evidenced by a 40.78% growth in Q1 2024 revenue to 77.71 billion yuan. The company's revenue for May 2024 hits 33.55 billion yuan, marking a 50.27% yearly increase.
Source: YAHOO