By Yi Wei Wong
Chinese clothing manufacturer Shenzhou International Group Holdings Ltd. on Tuesday reported a slight increase in net profit for the first half of the year, as sales of lingerie and sportswear picked up.
Net profit for the period was 2.51 billion yuan ($362.7 million), compared with CNY2.42 billion a year earlier, the company said.
The clothing maker said revenue slipped to CNY10.23 billion from CNY10.28 billion.
The coronavirus pandemic has hurt global demand and disrupted supply chains, it said.
However, the company said the expansion of its production facilities has proceeded as planned and it aims to continue gaining market share.
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