The Chinese sportswear brand is guiding for at least a 65% increase in net income attributable to shareholders for the first half of 2021, driven by higher than expected sales and better gross margins. 2020 H1 profit was RMB 247.9 million ($35 mm) down from 2019’s RMB 463.0 million. The core Xtep brand has seen retail sell though increase 30-35% in the second quarter, a deceleration from the big first quarter, ... Log in to view full article.