Baosheng International Sounded The Alarm For The Whole Sports Retail Industry.
Global biggest sport
Casual shoes
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.
Over the past year, the depreciation rate of RMB has exceeded 8% since August 11th last year, and more and more listed companies in Hongkong.
Chinese Enterprises
The US dollar was changed to RMB denominated, while Baosheng international also increased its RMB revenue data from the monthly report in March this year for reference.
But as the second largest in the world
Sports goods
Manufacturer Adidas AG (ADSGn.DE), Adidas group, China's largest distributor, and manages more than 6000 different types of sales outlets and access channels. Baosheng international growth has disappeared instantly, and it should also serve as a warning for the whole 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 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.
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