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Article Date: March 2019
Word Count: 331

Shenzhou International Hits Record Highs in 2018

Comprehensive net income at the Chinese apparel producer was RMB 4,735,048,000 ($715.7 million) in 2018, up 30% from RMB 3,642,824,000 on a 16% increase in revenues to RMB 20,950,205,000 ($3,166.6 million) from RMB 18,085,247,000, driven by demand for athletic apparel in the U.S. and China. Excluding a positive swing in exchange differences on translation of foreign operations, the bottom line was up 21% to RMB 4,540,487,000 from RMB 3,762,721,000. Gross margin expanded by 20 basis points to 31.6% as fixed cost leverage from the higher revenues more than offset climbing raw material prices and staff costs. Sports apparel, by far ... Log in to view full article.


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