All Wells International Co., Ltd (Vietnam)

The subject specializes in processing sport shoes and balls. As its introduction, it is mainly processing shoes for Nike brand, exporting to Nike sourcing bases in Taiwan and China. According to our data bank, this company imports materials and equipment from Taiwan, South Korea, China, the USA, ... for production.The subject's ultimate parent company - Sports Gear Co., Ltd, a big company in Taiwan. This company's shares are listed on the Taiwan Stock Exchange with the stock code "6768". In the beginning of 2024, Sports Gear Co., Ltd provided a revenue report for the month and year to date ended December 2023. On a consolidated basis, revenue for December was approximately USD 38.776 million, a decrease of 2.77% from December 2022. Self-assessed revenues for January through December 2023 totaled USD 456.249 million, a decrease of 26.45% compared to the same period in 2022.About the current situation of Vietnam's leather and footwear industry, in the fourth quarter of 2023, the export turnover of Vietnamese leather and footwear was improved, but there were still many difficulties. The orders received by leather and footwear enterprises nationwide have increased by 10-20% compared to the first half of the year, but have not yet returned to the level at the beginning of 2022. According to the Vietnam Leather, Footwear and Handbag Association, the industry recovered slightly in the fourth quarter, but export growth for the whole year decreased by about 7.5% compared to the previous year. It is forecast that the difficulties of Vietnam's leather and footwear industry will last until nearly mid-2024.