In April 2025, Sheng Yue-KY Co.'s revenue decreased by 31.89%, with a cumulative revenue decrease of 24.09%.
Sheng Yue-KY Co., Ltd. (1340) announced on May 10, 2025, that its consolidated revenue for April 2025 was NT$28.106 million (New Taiwan Dollars), a 31.89% decrease from NT$41.263 million in April of the previous year. By the end of April, the total revenue amounted to NT$89.159 million, a 24.09% drop from NT$117.461 million during the same period last year. This suggests that Sheng Yue-KY is encountering persistent operational challenges, experiencing a more significant revenue decline than its industry peers.
April Revenue Declines Over 30% Year-on-Year, Reaching Recent Monthly Low
According to the announcement by Sheng Yue-KY, the consolidated revenue for April 2025 was NT$28.106 million, a decrease of NT$13.157 million compared to NT$41.263 million in the same period of 2024, marking a year-on-year decline of 31.89%. This figure not only indicates a significant revenue downturn but also represents one of the lowest monthly revenue points in recent years.
In recent years, Sheng Yue-KY's revenue performance has fluctuated, but this time the year-on-year decline exceeds 30%, indicating possible pressures in market demand, product sales, or other operational areas. Although the company did not specify the reasons for the revenue decline in the announcement, the data shows that April's performance was significantly below the level of the same period last year.
Cumulative Revenue Also Shows Double-Digit Decline
In addition to poor monthly revenue performance, Sheng Yue-KY's cumulative revenue for the first four months of 2025 also showed a significant decline. As of the end of April, the company's cumulative revenue for the year was NT$89.159 million, a decrease of NT$28.302 million compared to NT$117.461 million in the same period last year, with a year-on-year decline of 24.09%.
This cumulative data indicates that Sheng Yue-KY's overall operational performance in the first quarter and April of 2025 was not as good as the same period last year, and the decline has reached double digits, reflecting that its revenue pressure is not due to a single month factor but may be due to structural or persistent challenges.
Comparison with Industry Peers: Sheng Yue-KY's Revenue Performance Relatively Weak
When compared with other industry peers, such as Visionary (3040), during the same period, it can be seen that Sheng Yue-KY's revenue decline is relatively larger. Visionary's revenue for April 2025 was NT$10.518 million, only a decrease of NT$257 thousand compared to the same period last year, with a year-on-year decline of 2.39%; its cumulative revenue was NT$42.735 million, with a year-on-year decline of only 0.25%. In contrast, Sheng Yue-KY's year-on-year decline rates are 31.89% and 24.09%, respectively, indicating more significant operational pressure.
Historical Revenue Trends and Background
Sheng Yue-KY is a holding company listed in Taiwan, primarily engaged in the health, sports, and leisure industries. In recent years, the company has experienced revenue fluctuations due to market demand volatility and changes in the international economic environment. According to historical financial reports, Sheng Yue-KY had a brief revenue rebound in 2023 and 2024, but the performance since 2025 suggests that its growth momentum may be facing challenges.
Additionally, Sheng Yue-KY's revenue structure may be closely related to specific seasonal factors or regional market performance. If its main income sources are concentrated in specific regions or product lines, revenue may also be significantly affected when the economy or consumer power in those regions declines.
Industry Environment and External Factors
Although this report does not provide future outlook or analysis, it is important to note that the global economic environment has remained volatile since 2025, including exchange rate fluctuations, changes in raw material prices, and geopolitical risks, all of which may impact corporate revenue. As a multinational holding company, Sheng Yue-KY's operational performance may also be influenced by these external factors.
