Understanding the Market | STELLA HOLDINGS fell over 3%, with comprehensive revenue in the first quarter decreasing by approximately 2.2% year-on-year to USD 331 million

STELLA HOLDINGS fell over 3%, as of the time of writing, down 3.12% to HKD 13.04, with a trading volume of HKD 21.0186 million. In terms of news, STELLA HOLDINGS announced that for the three months ending March 31, 2025, due to a high base effect, the group's unaudited consolidated revenue decreased by approximately 2.2% to USD 331 million, compared to an unaudited consolidated revenue of approximately USD 338.4 million in the same period last year. The manufacturing business reported revenue of USD 320 million in the first quarter, a year-on-year decrease of 1.8%, with shipment volume increasing by 3.4% year-on-year to 12.1 million pairs, driven by the sports category; ASP decreased by 5.0% year-on-year to USD 26.4 per pair, mainly due to a higher proportion of orders for lower-priced sports products