Comprehensive net income slipped 63% in 2018 to RMB 478,597,000 ($72.3 mm) from RMB 1,288,571,000 on 17% higher revenues of RMB 1,706,366,000 ($257.9 mm) up from RMB 1,455,331,000. Excluding comprehensive items, net income was RMB 310,328,000 against RMB 800,929,000. Gross margin contracted 150 basis points to 57.3%. As usual, other income had a big impact on the bottom line, accounting for a RMB 464 million gain in 2018, down from a RMB 960 million gain prior. The group’s store footprint grew by 43 net Kappa stores to end with 1,180, while Kappa Kids contracted by 34 ending with 316. E-commerce ... Log in to view full article.