Baosheng International Growth Instantly Disappeared, Is Not Enough To Alert You?

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.

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.

Yuyuan (industrial) Group Co., Ltd., the world's largest sports leisure footwear manufacturer, has seen repeated sales performance, while Affiliated Companies Baosheng International Holdings Limited, which runs its sporting goods retail business, is more likely to regress.

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 reform has been more than one year.

The magnitude is over 8%, so 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 in the monthly report in March this year for reference.

However, as the world's second largest sporting goods manufacturer, Adidas AG (ADSGn.DE)

The group's largest distributor in China, at the same time, manages and manages more than 6000 types of sales outlets and access channels. Baosheng's sudden growth in the world is also deserving of alarm for the entire sports retail industry.

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.

In the first 8 months of the year

The total revenue will continue to grow by 5.73%, to $1 billion 632 million 700 thousand, or 10 billion 744 million 500 thousand yuan.