Yu Yuan'S Revenue Increased By Only 0.8% In The First Half Of The Year, And Its Growth Rate Continued To Decline.

The biggest global sport in Hongkong

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(industry) Group Limited achieved a slight increase of 0.27% in June, ending the previous two months' decline. The growth rate of Affiliated Companies Baosheng International Holdings Limited, which operates the group's retail business, also increased significantly.

In June, Yuyuan group's revenue rose to US $754 million 400 thousand from 752 million 400 thousand US dollars in the same period last year.

The growth rate of international revenue increased from 3.38% in May to 7.97%, and its revenue reached 185 million 400 thousand yuan (1 billion 215 million 100 thousand yuan), compared with 171 million 700 thousand US dollars (1 billion 187 million 700 thousand yuan) in the same period last year.

Due to the deterioration in the 4-6 quarter of two quarter, Yuyuan group's year-on-year growth rate continued to narrow in the first half of fiscal year, while the income of US $4 billion 280 million 300 thousand increased by only 0.76% compared with 4 billion 248 million 200 thousand US dollars in the same period last year, while the increase in the first five months was 0.95%.

Baosheng international intermediate revenue increased by 6.78%, also lower than the first five months of 6.88%, the income of 1 billion 268 million 200 thousand dollars, or 8 billion 311 million 900 thousand yuan.

Although sales data have repeatedly hinted at the slowdown in sports goods manufacturing and the cooling of retail businesses, the market is still keen on investing in sports stocks.

In July 7th, Yuyuan group set a new high of HK $33.75 since 1992. As of 11, the stock market has risen 21.8% in 2016.

Citigroup Inc. Citigroup reiterated the "buy" rating of the stock last month and pointed out that consumer spending habits had shifted from casual clothes to functional and sports casual clothes and sneakers, and that sports shoes were better than sportswear.