Comprehensive net income increased 16% in the first half of 2019 to RMB 518,163,000 ($75.9 mm) from RMB 444,794,000 as a big jump in sportswear sales sent revenues 23% higher to RMB 3,356,913,000 ($491.6 mm) from RMB 2,728,952,000 for the Chinese running brand. Same store sales were up low-teens, and gross margin improved by 90 basis points to 44.6% with the increase attributed to higher apparel product margins. Selling and distribution expenses were 19.0% of revenues, up 140 b.p. on a higher advertising spend, and general and administrative expenses leveraged 130 b.p. at 8.4% of sales despite higher R&D costs. ... Log in to view full article.