Positive news at Zungui Haixi
China-based manufacturer of sportswear and casual footwear Zungui Haixi Corporation has posted improved financial results for the three months ended September 30. Revenue increased by 17% to C$50.4 million ($49.9 million) during the quarter, and in RMB, revenue increased 23% to RMB 328.5 million.
"In our first year of being a public company, we have added almost 350 new retail outlets, increased revenue and maintained profitability," said Yanda Cai, chief executive officer. "With more than 2,000 retail outlets, store expansions continue to build our brand prominence and remain key to our growth."
The company has also been honoured as a “top” sports brand. The China Economic Business Association, China Brands Value Institute, and Selling and Marketing Magazine ranked the company at number 30 of the top 100 sports brands in China.
"This award recognises that we have earned the trust of Chinese consumers for manufacturing a quality brand product," said Mr Cai. "Building brand awareness is part of Zungui's three-pronged growth strategy and this award demonstrates our progress in achieving brand prominence in China."
