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JNBY revenue rises 9% as online sales jump 20.5%

Chinese designer group Jiangnan Buyi (JNBY) reported revenue up 9% to 6.046 billion RMB ($901 million) for the fiscal year ended June 30, with net profit up 11.1% to 997 million RMB ($149 million). Online revenue grew 20.5% to 1.448 billion RMB ($216 million), while offline sales rose 5.8% to 4.598 billion RMB ($685 million). Net operating cash inflow grew 26.5%, and the board recommended a 110% dividend payout ratio. The group ran 2,118 standalone stores globally, with members contributing more than 80% of retail sales and active accounts above 610,000. R&D spending topped 240 million RMB ($36 million).

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