Net income attributable to shareholders was up 12% to RMB 789.7 million ($109.8 mm) from RMB 703.6 million on a 19% increase in revenue to RMB 5,141.3 million ($715.1 mm) over RMB 4,311.5 million for the first half of 2024. Gross margin contracted 40 b.p. to 41.3%, led by a 70 b.p. dips in both footwear to 42.8% and Kids to 41.7%, partially offset by a 10 b.p. uptick in apparel to 40.2%. SG&A expanded 18% in yuan, leveraging 30 b.p. to 23.9% of sales, on a 42% boost to advertising ... Log in to view full article.