Nike sneaker maker Huali records 29% jump in profits in the first half of the year thanks to the comeback of the fitness industry
(Yicai) Aug. 23 — Huali Industrial Group reported a 29 percent year-on-year rise in net profit in the first six months, as a resurgence in enthusiasm for sports in China after the pandemic boosted shoe sales for Nike and other foreign sportswear giants that Huali supplies. Huali posted net profit of CNY1.9 billion (US$266.2 million) […]
