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Article Date: November 2021
Word Count: 263

China Dongxiang Sees Big Financial Loss


A RMB 661 million ($102.2 mm) investment loss for the Chinese footwear and apparel brand resulted in a net loss attributable to shareholders of RMB 747,949,000 ($115.6 mm) compared to income of RMB 1,116,183,000 ($172.6 mm) in the prior year for the fiscal first half ended Sep. 30. Revenue was up 5% to RMB 851,893,000 ($131.7 mm) from RMB 814,788,000 ($126.0 mm). Apparel and footwear operations fared better down the P&L, turning in an operating loss of RMB 75,033,000 compared to RMB 694,736,000 for the investment side of the business. The investment loss was mainly on fair value change of ... Log in to view full article.

 


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