Yuyuan Group'S Revenue Increased By 0.3% In The First Three Quarters.

Class manufacturer

(industry) Group Co., Ltd. and the Affiliated Companies under the group's retail business of sporting goods

International (Holdings) Limited has released three quarter results.

As of the first three quarters of fiscal year 2016 at the end of September, Yuyuan group's income was basically unchanged from the same period last year, and only recorded an increase of 0.3% to US $6 billion 293 million 300 thousand, up from 6 billion 277 million 600 thousand US dollars in the same period last year. During the period, group net profit rose 32.6% to 378 million 800 thousand US dollars, compared with 285 million 600 thousand US dollars in the same period last year.

In the first 9 months, Yuyuan's income stabilized mainly benefited from the retail business, that is, Baosheng's strong performance, while footwear business revenue had a 1.1% decline, which was mainly affected by the decline in the average selling price of the footwear business, while the sales volume increased by 2.1% to 236 million 100 thousand pairs during the same period.

The retail business, including Baosheng, recorded a revenue of 5.9% in the first 9 months, and the breakdown to $1 billion 843 million 600 thousand. If it was calculated in the new settlement currency of Baosheng, the retail business of Yuyuan increased by 11.6% during the period from RMB 10 billion 903 million 600 thousand yuan in the same period last year to 12 billion 164 million 800 thousand yuan.

Yuyuan Group recorded a gross margin of $1 billion 562 million 200 thousand in the first 9 months of the year, an increase of 9.8% over the previous year, including gross margin of manufacturing business increased by 5.4% to 901 million 800 thousand US dollars and gross profit margin 20.3%. The improvement in gross profit margin was mainly due to stable production and operation, and the increase in staff salaries was offset by cost reduction. It included gross profit of 16.6% to 660 million 300 thousand dollars in the retail business during the retail period (RMB 22.8% to RMB 4 billion 353 million 800 thousand yuan), due to strong retail demand and reduced price activity.

By the end of September, in the first three quarters of fiscal year 2016, the net profit of Baosheng recorded in Yuyuan's retail business was 545 million 800 thousand yuan, up 91.6% from 284 million 800 thousand yuan a year earlier.

On Thursday, Yu Yuan and Baosheng updated the data in October.

In October, Baosheng recorded a revenue of RMB 1 billion 489 million 500 thousand yuan, an increase of 10.9% over the same period last year of 1 billion 343 million 100 thousand yuan. In dollar terms, it earned 225 million 600 thousand US dollars in October, an increase of 5.2% over the same period last year, compared with 214 million 400 thousand US dollars in the same period last year.

In the 1-10 month, Baosheng recorded an income of RMB 13 billion 654 million 400 thousand yuan, an increase of 11.3% over the same period of 12 billion 264 million 300 thousand yuan a year. In dollar terms, it earned 2 billion 68 million dollars in 1-10 months, an increase of 5.7% over the same period last year, compared with 1 billion 957 million 300 thousand dollars a year earlier.

In October, Yuyuan earned $713 million 400 thousand, down by 1.35% a year, and $7 billion 6 million 700 thousand in 1-10 months, up 0.08% on the year.

Last week, the three quarter earnings report of one of Yuyuan's main customers, Adidas AG (ADS.DE), Adidas group, the world's second largest sporting goods manufacturer, showed that the group not only slowed its sales growth, but also depressed its profitability. In addition, Under Armour Inc. (NYSE:UA) Andemar was also released at high speed, while Nike Inc. (NYSE:NKE) Nike group performed poorly.