Net income tallied RMB 6,240,581,000 ($873.7 mm) at the Chinese apparel maker for FY '24, up 37% from RMB 4,557,263,000 on a 15% increase in revenue to RMB 28,662,938,000 ($4,012.8 mm) from RMB 24,969,792,000. The gains lap a difficult 2023 when sales dropped 10%. In response to the slow recovery in retail demand, the group leaned into new product development and widened its offerings while pursuing vertical integration improvements to bolster product delivery.

Sportswear revenues were up 10% to RMB 19,799.4 million on increased demand in the home Chinese market and shipments ... Log in to view full article.