Yuyuan Group'S Baosheng International Is The Largest Distributor Of Adidas Group In China.

Yuyuan

Baosheng International Group is Adidas AG

Group China's largest distributor

Global biggest sport

The sales performance of Yuyuan (industrial) Group Co., Ltd., a manufacturer of similar products, has been repeated for a long time, while Affiliated Companies Baosheng International Holdings Limited, which runs its sporting goods retail business, is more likely to regress.

Baosheng international consolidated revenue in August was $185 million 900 thousand, or 1 billion 223 million 500 thousand yuan, a slight decrease of 0.28% in the US dollar compared with the same period last year, while the growth rate of 5, 6 and July has been steadily rising, 3.4%, 8% and 9.2% respectively.

The group, as always, did not explain sales in its monthly report. It is estimated that in August 2015, the renminbi had alerted the world to the dollar without warning.

Since August 11th last year, the RMB exchange rate has exceeded one year, and the depreciation rate of RMB has exceeded 8%. Therefore, more and more Chinese Listed Companies in Hongkong are abandoning the US dollar instead of RMB, while Baosheng international also increased the RMB sales data from the monthly report in March this year for reference.

However, as the world's second largest sporting goods manufacturer, Adidas AG (ADSGn.DE), Adidas group, China's largest distributor, and at the same time manages and manages more than 6000 different types of sales outlets and access channels, Baosheng international growth instantly disappeared. It also deserving alarm for the whole sports retail industry.

In the first 8 months of this year, Baosheng International's total revenue can still grow by 5.73% to 1 billion 632 million 700 thousand yuan, or 10 billion 744 million 500 thousand yuan.

In the middle of August, Yuyuan group reported half yearly report that although China's economic growth slowed down, the retail environment of sportswear retail business continued to be positive.

Yuyuan group consolidated revenue in August rose 2.4% to $681 million 700 thousand compared to the same period last year, and consolidated revenue in the first 8 months was $5 billion 618 million 100 thousand, a 0.19% increase compared with the same period last year.

Yuyuan group fell 2.77% on Friday, closing at HK $33.30, narrowing its total growth to 27.7% in 2016 and Baosheng international slightly down 0.74% to HK $2.70.