Slowing H2 sales in China and Japan hurt the apparel maker, which reported 34% lower profits of RMB 3,371,702,000 ($522.8 mm) in 2021, down from RMB 5,106,736,000, on a 4% sales increase to RMB 23,845,006,000 ($3,697.5 mm) against RMB 23,030,648,000. The sportswear category performed well, continuing to accelerate from H1’s 7% growth on strong demand from the U.S. and Europe to end the year up 11% at RMB 17,612.1 million. Casual wear and lingerie sales fell off in the second half, ending up 5% to RMB 4,720.1 million and up 1% to RMB 1,040.2 million respectively. Other knitwear was down ... Log in to view full article.