361 Degrees International Limited reported revenues in the first half rose 9.5 percent to RMB2.8 billion.
The gains were mainly driven by the growth in trade fair orders in the first half of 2017, which also reflected that the Chinese sportswear industry has been growing steadily. During the review period, the sales contribution from footwear increased to 46.8 percent of the group’s revenue while apparel sales accounted for 40 percent of the group’s revenue. In addition, 361° Kids continued its strong momentum, with revenue up 12.8 percent to RMB306.9 million, representing 11.0 percent of the Group’s revenue. This also demonstrated the established customer base of
the kids business, a segment with huge potential for further growth.
Gross margin increased by 0.9 percentage point to 42.3 percent. Profit attributable to equity shareholders grew 16.5 percent to RMB318.3 million.
