Sports Giant Baosheng Slowed Down In April To Maintain Double Digits

Sporting goods distributor 3813.HK sales growth slowed sharply in April, from 19.8% to 10.5% in the first quarter, from 2 billion 241 million yuan to 2 billion 475 million 900 thousand yuan.

Dragged down in April, Baosheng international revenue increased from 7 billion 743 million 900 thousand yuan to 9 billion 72 million 900 thousand yuan in the first four months of this year, an increase of 17.2%.

However, Baosheng International Holding Group, the world's largest sports shoe maker 0551.HK, increased by 2.9% to 877 million 900 thousand dollars in April, indicating that its core manufacturing business is still in the doldrums.

Baosheng and Yuyuan group are footwear distributors and suppliers of sports brands such as Adidas and Nike.

In April, China's exports increased to 2.7% US dollars to US $193 billion 490 million in US dollars, but the export of footwear products increased by 3.9% from $3 billion 385 million 100 thousand to US $3 billion 517 million 900 thousand.

So far this year, Yuyuan Industrial sales increased by a total of US $3 billion 358 million 800 thousand, an increase of 6.9% compared with us $3 billion 140 million 600 thousand in the same period in 2018, while China's footwear exports for the same period were US $13 billion 891 million 400 thousand, down 1.6% from the US $14 billion 117 million 800 thousand in the same period in 2018.