PEGASUS INT'L: Still maintains a stable financial condition, and the cash flow from the company's property leasing business is stable
PEGASUS INT'L announced that due to the United States imposing tariffs on Chinese manufactured goods, the production and export of the company's footwear products face significant challenges, and it is expected to record zero export revenue in the first half of 2025. Nevertheless, the company maintains a robust financial position, with stable cash flow from its property leasing business, and has implemented a cost control plan
According to the announcement from PEGASUS INT'L (00676), following the U.S. government's imposition of increased tariffs on Chinese manufactured goods, the company's production and export sales of footwear products are facing significant challenges. The uncertainty of the tariff policy has led to a highly volatile trading environment, and customers have avoided sourcing from Chinese manufacturers during this period. As a result, the group recorded zero export revenue in this business segment from January to April 2025, and it is expected that this will also be the case in the second half of 2025, with a slow and uncertain business recovery.
Despite the numerous obstacles faced by footwear product exports, the company maintains a robust financial position, and cash flow from its property leasing business remains stable. In response to this situation, the group has also implemented a cost control plan
