Net income attributable to shareholders was up 11% last year to RMB 1,371,571,000 ($192.0 mm) from RMB 1,238,402,000 on a net sales gain of 4% to RMB 14,151,086,000 ($1,981.2 mm) from RMB 13,577,222,000. The prior year’s bottom line included a RMB 67,102,000 loss from the divested K-Swiss and Palladium brands. Footwear sales increased 5% to RMB 8,420.0 million, and apparel was up 4% to RMB 5,451.3 million, with segment margin coming in flat and a 100 b.p. contraction to 40.1%, respectively. Accessories were off 6% at RMB 279.8 million, but gross ... Log in to view full article.