Net income expanded 12% to RMB 2,189,308,000 ($330.7 mm) in the first half from RMB 1,962,223,000 last year, on 22% higher revenues of RMB 12,408,665,000 ($1,874.4 mm) up from RMB 10,196,584,000. Despite strong overall results in the period, the Chinese sportswear brand’s top line was impacted by Covid-related retail closures, while the bottom line was pressured by rising costs. Total retail platform sell through was up high-single digits, including online and offline channels.

Footwear sales soared 47% to RMB 6,758.8 million, while apparel was down 3% to RMB 4,906.6 million, and equipment ... Log in to view full article.