Net income at the Chinese sportswear brand rose 14% to RMB 671.2 million ($95.7 mm) from RMB 589.1 million on revenue that was up 15% to RMB 6,522.4 million ($929.8 mm) from RMB 5,683.6 million. By category, Footwear sales improved 15% to RMB 3,889.3 million, while apparel increased 14% to RMB 2,497.0 million and accessories grew 16% to RMB 136.1 million. Gross margin expanded 90 basis points to 42.9% primarily driven by strong demand for its functional products which carried higher profit margins. SG&A was up 26% in RMB while deleveraging 300 b.p. to 32.9% of sales. Costs were up ... Log in to view full article.