The Chinese footwear and retail giant saw comprehensive net income drop 59% to $130,487,000 from $318,528,000 on 7% higher revenues of $4,769,353,000 up from $4,448,172,000 driven by a 27% gain from the Pou Sheng retail operation. Excluding exchange rate differences and other comprehensive items, the bottom line was down 39% to $169,727,000 from $279,550,000. Pou Sheng’s H1 profit was $317.5 million, so the manufacturing side had a considerable loss. YY is feeling pressure from the fast fashion trend, leading customers to demand a more flexible procurement process and shorter turnaround. It is increasing investment in automation and improving efficiency, but ... Log in to view full article.