Comprehensive net income jumped 58% for the year to RMB 560,563,000 ($82.9 mm) from RMB 355,109,000 on 3% higher revenues of RMB 5,158,200,000 ($763.2 mm) vs. RMB 5,022,678,000 boosted by a rebounding Chinese economy in 2017. Excluding comprehensive items, the bottom line was up 11% to RMB 467.3 million. Gross margin contracted 20 basis points to 41.8% at the footwear and apparel brand, attributed to higher materials costs. Footwear sales grew 5% to RMB 2,306.2 million with pairs flat at 21.3 million but ASPs up 5% to RMB 102.9, while apparel inched 1% higher to RMB 1,987.6 million but pieces ... Log in to view full article.