Global sportswear leader Nike announces Q2 fiscal year 2020 results, financial reports show:


Nike Group revenue in the second quarter of fiscal 2020 reached 10.326 billion US dollars, an increase of 10% year-on-year.


This was higher than market expectations of $ 10.08 billion. Net income rose 32% year-on-year to $ 1.115 billion. The gross profit margin was 44%, higher than the market expectation of 44.1%. Earnings, revenue and gross margin all exceeded market expectations.


NIKE footwear results into financial highlights

These shoe factories benefit

Nike announced the latest financial report. Under the growth of footwear and digital business, revenue and profit performance are better than market expectations. Legal entities are optimistic. Nike maintains double-digit growth in footwear revenue, of which growth in Greater China The best speed, coupled with the blessings of sports events including the NBA, UEFA Champions League and Tokyo Olympic Games next year, are optimistic that the supply chains Fengtai (9910), Baocheng (9904), and Baihe (9938) will continue to benefit.


The legal person pointed out that the strong growth momentum of NIKE footwear sales in the Greater China region helps Fengtai to increase its sales in the Chinese factory area, and NIKE is also one of the two top customers of Baocheng. In addition to the manufacturing end performance is expected to benefit, China The popularity of sports shoes and clothing sales will also drive the sales performance of Baocheng subsidiary Baosheng.

Baihe currently has 20% of its revenue from Nike's contribution and passed fabric certification in the middle of this year. The legal person believes that woven jacquard mesh fabrics are expected to begin volume shipments after the second quarter of 2020 and deliver the autumn and winter models of 2020 Basketball shoes, will significantly note the performance of woven jacquard mesh shipments, becoming an important growth momentum next year.


Up 23% year-on-year, Nike's performance depends on China in the future


By region, Nike's second fiscal quarter:


North American revenue was US $ 3.98 billion, a year-on-year increase of 5.3%.

Asia-Pacific Latin America revenue was US $ 1.47 billion, a year-on-year increase of 13%.

EMEA (Europe, Middle East, Africa) revenue was 2.54 billion US dollars, an increase of 9.7% year-on-year, and the market is expected to 2.46 billion US dollars.


Among them are worth mentioning:


Nike Greater China's revenue in the second quarter of fiscal 2020 reached 1.847 billion U.S. dollars, with a constant exchange rate growth of 23% year-on-year and double-digit growth for 22 consecutive quarters; EBIT increased 24% year-on-year To $ 694 million. From the financial performance, Nike Greater China has maintained a strong momentum.


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