Chinese Consumers' Desire To Buy Adidas Gradually Increases.

Now it seems that Chinese consumers are more keen on buying.

In the first 9 months of 2016, sales in the Greater China region recorded the fastest growth of 25% in the world, excluding exchange rate factors, and increased sales in the Greater China region by 28%.

In order to achieve 2016 performance growth, one of the main strategies set by the group is bold retail expansion.

Germany

Colin Currie, managing director of adidas Group Greater China, points out that sports performance series and sports fashion series have become a powerful driving force for growth. All brands in this quarter have achieved two digit strong growth, which fully demonstrates the attractiveness of Adidas to Chinese consumers.

As of the third quarter of September 30th, group net profit rose 24.2% to 387 million euros compared with the same period last year. Under the strong promotion of its brand Adidas and Reebook, the group's net sales increased 14% to 5 billion 410 million euros compared with the same period last year, while operating profit increased 11% to 563 million euros last year.

Among them, the group's main brand Adidas continued to maintain a positive growth momentum, and sales on the basis of monetary neutrality increased by 15.8% over the same period last year. The group mainly benefited from the sales growth of Adidas original and Adidas Neo.

Adidas Originals is a classic sport series of Adidas. Now its Stan Smith and N M D have many fans all over the world.

The group said that in addition to the median growth rate recorded in the Russian region, the company achieved two digit growth in other parts of the world this quarter.

In terms of regional markets, sales in Greater China, North America and the Middle East, Asia and Africa increased by 18% to 20% compared to the same period, and sales in the Japanese market increased by 42%.

Based on the third quarter earnings forecast for the whole year, Adidas reported that the net profit for the whole year is expected to be between 975 million euros and 1 billion euros. Gross profit margin is expected to be in the 48.0%-48.3% interval, and the operating profit margin is expected to grow 7.5%.

Thanks to strong growth, Adidas shares have risen 62% so far this year, with a market capitalization of about 28 billion 276 million euros, or 31 billion 370 million US dollars.

In contrast, its main competitor, Nike, has lost about 20% of its stock price so far this year, and its current market value is US $82 billion 46 million.

In October 1st, Kasper Rorsted, who succeeded Herbert Hainer as the new chief executive, pointed out that the performance of Adidas this year is worth credited to the annals of history. The group's performance has been progressied by leaps and bounds to regain the position of the second major sports brands in the United States.

Kasper Rorsted says the group is all important.

The strong growth momentum has demonstrated the power of Adidas's new strategy, which has effectively enhanced the attractiveness of Adidas globally.