Yu Yuan'S Revenue Fell 3.21% To $754 Million 500 Thousand In May.

The largest listed company in Hongkong

Manufacturers Yuyuan (industrial) Group Co., Ltd., for the two consecutive month, has regressed its revenue, operating Affiliated Companies of its group's retail business.

The growth of International (Holdings) Limited has also slowed down significantly, and the worries of sports industry entering the recession cycle have deepened.

After a 1% decline in April battalion,

The group deteriorated in May, and revenue fell 3.21% to $754 million 500 thousand.

Revenue in the first five months of 2016 increased by 3 billion 527 million 600 thousand US dollars from 3 billion 494 million 400 thousand US dollars in the same period last year, but the growth rate narrowed to 0.95%, while in the first four months the revenue growth was 2%.

Baosheng international revenue rose 3.38% to 214 million US dollars in May, or about 1 billion 400 million yuan, while the growth rate in April was 9%. In the first five months, the total revenue was 1 billion 84 million 400 thousand US dollars, or about 7 billion 98 million 500 thousand yuan, an increase of 6.88% over the previous year, and the growth rate was 7.5% in the first four months.

On the other hand, China's local sporting goods giant Lining, Anta sports and other recent achievements have disappointed the market.

According to the no fashion Chinese network data, Lining's same store sales in the first quarter had only a low digit growth rate, less than the market expectations, but the group pointed out that the two quarter performance has been warmer and has maintained the same store sales in the single digit growth target.

Lining's orders for the four quarter will have a high digit growth rate, of which footwear growth is only a low single digit, while clothing growth will reach 11%-13%, while Anta's four quarter orders will increase by wholesale price by 11%-13%.

Although the sporting goods industry still has huge room for development in China, Goldman Sachs Group Inc. believes that not all sports brands will become winners in China this year.

As Baosheng international is the largest distributor of Adidas AG Adidas group, the world's second largest sporting goods manufacturer in China, Adidas AG Adidas group's strong performance in China in the first quarter gave the market a good prospect of Baosheng international.

No fashion Chinese network data show that Adidas AG, Adidas group achieved 30.2% growth in the first quarter in Greater China, while Goldman Sachs Group Inc. Goldman Sachs estimated that Baosheng international accounted for 30% of the Adidas AG Adidas group's China business.

Yuyuan group and Baosheng international all fell behind the Hong Kong stock market yesterday. The former fell 2.7% to HK $30.20, which declined slightly and fell 0.9% to HK $2.22 throughout the day.

Over the past 52 weeks, Baosheng International (shares) surged by 133.7%, while Yuyuan group gained 15.9%.