Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
Chinese sportswear group Li Ning has released its interim report 2017. The company said by June 30, its net profit increased by 67 percent to RMB 189 million with a revenue of 3.996 billion, up by 11 per cent.
Meanwhile, its gross profit margin grew from 46.7 percent to 47.7 per cent. It is worth noting that its revenue of the core brand LI-NING was RMB 3.966 billion, accounting for 99 percent of goup revenue.
Anta, Li Ning’s rival, grew its revenue by 19.2 percent to RMB 7.32 billion in the first half, which demonstrates its strong brand strength. Profit attributable to equity shareholders for the period increased by 28.5 percent to RMB 1.45 billion. Gross margin has reached 50.6 percent for the first time, with a growth of 2.7 percentage point.
Another Chinese sportswear company, 361 Degrees, launched its second quarter report on Monday. It shows a high unit growth year over year in its core brand, children's wear brand and ONE WAY.
In the first quarter, sales of 361 Degrees core brand and children's wear brand rose by 7 percent and 7.4 percent respectively, with the number of company-operated stores expanding to 3643 and 1069 accordingly.
Source: linkshop, news.cfw.cn, & Sohu
Proofread by William Logsdon
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024 16:14
Related coverage
Runner’s World named 361-Sensation as Best Buy
16 Jun 2015
Anta teams up with Evergrande Football School
28 Oct 2015
Anta listed in top 500 of China’s public companies
06 Jan 2017
361° designs special sportswear for Kinmen Marathon
22 Jan 2015
Report: UA eyeing pricy CBA deal
19 May 2016
More from Yutang Sports
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Yutang Sports
loading...