Net income for the Chinese manufacturing and retail giant declined 13% to $282,292,000 in 2019 from $325,658,000, on 4% higher total sales of $10,105,387,000 up from $9,695,282,000, driven mostly by a double-digit jump in Pou Sheng retail sales. But results will be significantly impacted in 2020, YY warned, noting that Pou Sheng closed most of its retail stores in China from the key Lunar New year shopping season at the end of Jan. through most of Feb. The ultimate damage to its manufacturing business remains to be seen, but YY said PRC production has resumed after a several week closure. ... Log in to view full article.