Net income declined 7% at the Chinese apparel manufacturer last year, tallying RMB 5,825,262,000 ($815.5 mm) against RMB 6,240,581,000, while revenue was up 8% to RMB 30,993,732,000 ($4,339.1 mm) over RMB 28,662,938,000. The bottom line lapped a 2024 RMB 330.6 million gain from the disposal of equity interests in a wholly-owned subsidiary. Domestic sales declined 8% to RMB 7,387.2 million, driven by lower sportswear demand in the PRC, while international sales rose 15% to RMB 23,606.5 million.

All international regions posted growth for the year, led by a strong rebound in the ... Log in to view full article.