The Chinese retailer and footwear maker returned to profitability in 2021, with net income attributable to owners of the company coming in at $115,072,000 against a loss of $90,791 in the pandemic year, on 1% higher revenues of $8,533,337,000 up from $8,444,935,000. The footwear manufacturing business has improved all year, but retail sales at the Pou Sheng retail operation have been hit hard by local lockdowns to fight Covid outbreaks. In addition, revenues have been hurt by the ongoing Chinese boycotts against western brands, which make up most of Pou Sheng’s business, in response to their eschewing sourcing from Xinjiang.

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