SYoung Group reports revenue growth recovery and a significant 72% surge in net profit.
In H1, mainland China resumed growth, with sales increasing by 53% year-on-year.
Meanwhile, in Q1, UGG® brand net sales decreased 6.0% from $207.9 million to $195.5 million.
Including the Chinese market, the Asian region remains the largest market for LVMH Group, contributing 34% of its revenue, which represents an expansion compared to the same period last year.
L’Occitane Group Reports Strong 36% Growth in the Chinese Market for the Last Quarter
Unilever sees improvement in the Chinese market with 7.9% sales revenue growth.
Tesla Achieves Record-Breaking Revenue of $24.927 Billion in Q2.
Chinese innovative electrical brand “Deerma” debuts on the ChiNext board with a market capitalization of 6.8 billion yuan.
“Our fundamental belief is that when we focus on building our brand’s strength, engaging with our clients, taking care of our people, and integrating a long-term perspective in everything we do, our financial performance will follow.”
KMD Brands said that near-term trading in Q4 was more challenging as rising cost-of-living pressures dampened consumer confidence.
