Net profit was up 12% to RMB 1,730.1 million ($275,862,000) compared to RMB 1,551.1 million for the FY ended Dec. 31 as revenues rose 20% to RMB 8,904.8 million ($1,419,170,000) from RMB 7,408.3 million. Gross margin pressure pushed down the gross margin rate slightly to 42.3% from 42.8% and the operating margin rate slipped to 22.6% from 23.4%. The brand ended the year with 7,778 stores compared to 7,549 last year with total sales floor area of 959,000 sq. meters this year compared to 872,000 last year. The average unit saw an increase in size to 123 sq. m. this ... Log in to view full article.