Briefly

Postal, courier sector expands rapidly

China's postal and courier sector saw rapid expansion in the past eight years as the logistics system was upgraded to spur consumption, postal authorities said. Revenue surged from 198 billion yuan ($30.55 billion) in 2012 to over 1.1 trillion yuan in 2020, registering an annual average increase of 24 percent. The number of parcels handled increased 14-fold from 2012 to 83.5 billion in 2020.

Anta H1 revenue up on brand strength

Anta Sports, a Chinese mainland sportswear company, posted a revenue of 22.81 billion yuan ($3.52 billion) in the first half, up 55.5 percent year-on-year. Its gross profit margin rose to 63.2 percent, up 6.4 percent year-on-year; cash, cash equivalents and deposits at the end of the reporting period reached 22.3 billion yuan; profits attributable to shareholders amounted to 3.84 billion yuan, according to its annual financial results filed with the Hong Kong stock exchange.

Xinhua - China Daily