公告显示，集团鼓励分销商及授权零售商继续开设更大规模店面及升级至最新形象店，以及增加在商 场、百货及购物中心的新门店数量。2025年上半年，集团门店渠道结构持续优化，门店平均面积及平均 店效持续稳定提升，终端的零售流水表现持续强劲。 值得一提的是，上半年，公司电商业务板块表现尤为亮眼。财报显示，上半年电商业务营收18.2亿元， 同比增长45%，再创历史新高。期内，集团电商依托线上专供品及线上线下（300959）融合策略，响应 消费者产品需求，实现了业绩大幅增长。 8月12日，361度(01361.HK)发布2025年上半年财报，公司上半年营收57.05亿元，同比增11%；权益持有 人应占溢利8.58亿元，同比增长8.6%。期内，集团毛利23.66亿元，同比增长11.4%。毛利率41.5%，同 比增长0.2个百分点，盈利能力稳步提升。 公告称，得益于市场对集团产品的强劲需求，成人及儿童类别均取得可喜的增长率。其中，成人鞋类收 入25.75亿元，同比增长12.8%；成人服装收入16.01亿元，同比增长1.6%。儿童鞋类收入7.12亿元，同比 增长27.8%。儿童服装5.22亿元，同比减少7.6%。 截至6月30日 ...

本报讯 （记者桂小笋）8月12日，361度国际有限公司（以下简称"361度"）发布了2025年中期业绩。财 报显示，公司2025年上半年实现营收57.05亿元，同比增长11%；净利润8.58亿元，同比增长8.6%；董事 会决定拟派发股息每股20.4港仙，派息比率达45.0%。 在消费需求日益多元的背景下，361度在财报中表示，以长期视角推进市场细分战略，拓宽品牌服务半 径与人群覆盖。公司高度重视渠道体系的战略价值，通过零售模式创新等举措，全面推动渠道体系向综 合平台转型。 361度在2024年底推出的全新零售业态，即361度超品店，通过高质价比的产品策略和极致的供应链效率 革命，实现显著的店效提升。在财报中，361度表示，361度超品店以一体化、全品类消费体验强化了品 牌的差异化优势，此新兴渠道业态在全国范围内实现快速复制，截至今年6月30日，已累计落成49家。 资料显示，361度超品店聚焦新消费趋势。这种新零售业态不仅推动超品店平均售罄率屡创新高，实现 与现有门店的互补与协同发展，更验证了361度在体育运动市场精细化运营上的深厚积累和潜力，将进 一步发挥超品店在品牌形象提升及拉动终端销售上的作用。 （文章来 ...

Core Viewpoint - 361 Degrees has demonstrated strong financial performance in the first half of 2025, achieving revenue of 5.705 billion yuan, a year-on-year increase of 11%, and a net profit of 858 million yuan, up 8.6%, while also enhancing shareholder returns with a dividend payout ratio of 45% [1][2]. Group 1: Financial Performance - 361 Degrees reported a revenue of 5.705 billion yuan for the first half of 2025, marking an 11% increase year-on-year [1]. - The net profit for the same period reached 858 million yuan, reflecting an 8.6% growth compared to the previous year [1]. - The company declared an interim dividend of 20.4 Hong Kong cents, with a payout ratio of 45% [1]. Group 2: Market Position and Competitive Advantage - In a challenging market environment, 361 Degrees stands out with a double-digit growth rate, while other major brands like Nike reported a 21% decline in sales in China [1][2]. - The company has successfully entered the first tier of Chinese sports brands, with revenue expected to exceed 10 billion yuan in 2024, enhancing its growth potential [1][2]. Group 3: Product Development and Innovation - 361 Degrees has launched over 230 new technology products in the first half of 2025, focusing on high quality-to-price ratio and a diverse product matrix [6][10]. - The company has introduced several innovative products across various sports categories, including running, basketball, cycling, and badminton, enhancing consumer experience [6][8]. Group 4: Brand Engagement and Emotional Connection - 361 Degrees has focused on building emotional resonance with consumers, enhancing brand loyalty through participation in major sports events and community engagement [11][12]. - The brand has established a strong presence in professional sports, sponsoring events and athletes, which has helped to strengthen its market recognition and consumer trust [16][19]. Group 5: Business Expansion and Globalization - The company is expanding its retail footprint with the introduction of "super premium" stores, aiming to enhance customer experience and operational efficiency [10][20]. - 361 Degrees has achieved significant growth in cross-border e-commerce, with a 94% year-on-year increase in sales, and has opened its first overseas store in Kuala Lumpur, marking a key step in its Southeast Asia expansion [24][25].

Core Insights - 361 Degrees reported a revenue of 5.705 billion yuan for the first half of 2025, representing an 11% year-on-year increase, and a net profit of 858 million yuan, up 8.6% year-on-year [1] - The company plans to implement a mid-term dividend of 0.187 yuan per share, with a payout ratio of 45% [1] Financial Performance - Revenue for the first half of 2025 reached 5.705 billion yuan, an increase of 11% compared to the previous year [1] - Net profit was reported at 858 million yuan, reflecting an 8.6% year-on-year growth [1] Research and Development - R&D investment increased, with the proportion rising to 2.8% of total revenue [1] - The company holds a total of 870 patents and was recognized as one of the "Top 100 Technology Enterprises in China's Light Industry" for 2024 [1] Product Development - The product matrix expanded with over 230 new shoe models launched in the first half of the year [1] - Notable products include professional racing shoes that helped athletes reach the podium 85 times, and basketball products like the "JOKER1GT" All-Star colorway and "DVD3" signature shoes [1] Channel Expansion - The main brand operates 5,669 stores domestically, while the children's brand has nearly 3,000 sales outlets [1] - The innovative 361° super stores have reached a total of 49, including 45 large stores and 4 children's clothing stores [1] E-commerce and International Business - E-commerce revenue amounted to 1.817 billion yuan, a 45% increase year-on-year, accounting for 31.8% of total revenue [1] - Cross-border e-commerce sales grew by 94%, with the overseas offline sales network extending to the Americas, Europe, and Belt and Road regions [1] - The direct store in Kuala Lumpur, Malaysia, is performing well [1] Global Market Engagement - The company is sponsoring international events such as the 2025 Harbin Winter Asian Games and the 2026 Aichi Nagoya Asian Games to deepen global market collaboration [2]

Core Viewpoint - 361 Degrees International Limited reported strong mid-year results for 2025, showcasing significant revenue growth and profitability, solidifying its position as a leading player in the domestic sportswear market [1][2]. Group 1: Financial Performance - The company achieved revenue of 5.705 billion yuan, a year-on-year increase of 11% [1] - Net profit attributable to equity holders reached 858 million yuan, up 8.6% year-on-year, marking four consecutive years of high growth [1] - Operating cash flow from activities was 524 million yuan, a substantial increase of 227% year-on-year [1] - The interim dividend per share was 0.187 yuan, with a payout ratio of 45% [1] Group 2: Market Strategy and Growth Drivers - The company capitalized on the ongoing expansion of the sports market, driven by domestic demand policies, positioning itself for rapid and stable growth [2] - Three key business segments—children's wear, e-commerce, and super stores—collaborated effectively to support revenue growth and profitability [2] - The children's business segment reported retail sales of 1.26 billion yuan, reflecting an 11.4% year-on-year increase, becoming a significant growth driver [2] Group 3: Innovation and Product Development - Since establishing its independent children's business unit in 2010, the company has focused on developing specialized products for children and teenagers, enhancing its product strength through innovative technologies [3] - The company has introduced various technologies, such as FLASH technology and adaptive arch systems, to improve product offerings [3] - The company has a strong commitment to R&D, with expenses reaching 342 million yuan in 2024, maintaining over 3% of revenue dedicated to R&D, which is above the industry average [7] Group 4: E-commerce and Global Expansion - The e-commerce segment achieved revenues of 1.82 billion yuan, a remarkable 45% increase year-on-year, driven by digital transformation and consumer demand responsiveness [4] - The company is expanding its global footprint, with a sales network covering the Americas, Europe, and Belt and Road markets, and cross-border e-commerce sales increased by 94% year-on-year [4] - The "Super Brand Store" concept has seen rapid growth, with 49 locations established, enhancing the retail experience and channel coverage [5] Group 5: Market Outlook and Investor Sentiment - The company's stock price has increased by over 50% since the beginning of the year, reflecting strong investor confidence and market recognition of its growth potential [6][9] - Financial institutions have issued positive ratings, indicating a strong outlook for the company's performance in the upcoming periods [9] - The overall sports footwear and apparel market in China is projected to grow from 492.6 billion yuan in 2023 to 598.9 billion yuan by 2025, providing a favorable environment for the company's continued growth [9]

Core Viewpoint - 361 Degrees International Limited reported strong mid-year results for 2025, with revenue reaching 5.705 billion yuan, an 11% year-on-year increase, and net profit attributable to equity holders of 858 million yuan, up 8.6% year-on-year, marking four consecutive years of high growth [1][2][10] Group 1: Financial Performance - The company achieved a significant increase in operating cash flow, which reached 524 million yuan, a 227% year-on-year growth [1] - The interim dividend per share was set at 0.187 yuan, with a payout ratio of 45% [1] - The company has transformed from a "new entrant" to a "steady leader" in the industry, establishing a solid foundation for sustainable and high-quality growth [1] Group 2: Business Segments and Growth Drivers - The children's clothing segment showed strong growth, with retail sales of 1.26 billion yuan, a 11.4% increase year-on-year, becoming the second growth curve for the company [2][4] - E-commerce revenue reached 1.82 billion yuan, a 45% year-on-year increase, driven by digital transformation and innovative sales strategies [6] - The company has established a diverse retail presence with 49 "super product" stores across the country, enhancing customer experience and driving sales growth [9] Group 3: Innovation and Technology - The company has invested significantly in R&D, with expenses reaching 342 million yuan in 2024, maintaining over 3% of revenue for nearly a decade, leading the industry average [11] - 361 Degrees has developed innovative technologies such as FLASH technology and adaptive arch systems, enhancing product capabilities [4][13] - The introduction of new products, including 230 new footwear items in the first half of 2025, reflects the company's commitment to product innovation and market responsiveness [11] Group 4: Market Position and Future Outlook - The global sales network has expanded, with significant growth in cross-border e-commerce, achieving a 94% year-on-year increase in sales [7] - The overall sportswear market in China is projected to grow from 492.6 billion yuan in 2023 to 598.9 billion yuan by 2025, indicating a favorable market environment for the company [14] - The company aims to continue leveraging its innovation strategy across various dimensions to solidify its industry position and create value for investors [14]

Core Insights - The company reported a revenue of 5.705 billion RMB for the fiscal year 2025, representing an 11% year-on-year growth [2] - Gross profit reached 2.366 billion RMB, with a year-on-year increase of 11.4% [2] - Shareholder profit attributable to the company was 858 million RMB, marking an 8.6% increase compared to the previous year [2] - Basic earnings per share were 0.415 RMB, and the company proposed an interim dividend of 0.204 HKD per share [2] Performance Drivers - The growth in performance was driven by strong demand in both adult and children's product markets [2] - The e-commerce segment showed remarkable performance, generating 1.817 billion RMB in revenue, which accounted for 31.8% of total revenue and increased by 45% year-on-year [2] Store Expansion - As of June 30, 2025, the total number of brand stores reached 5,669, with an average store size of 156 square meters, reflecting a net increase of 7 square meters since the end of 2024 [2] - Approximately 76% of the stores are located in third-tier and lower-tier cities in China [2]

Core Viewpoint - 361 Degrees (01361.HK) reported a revenue of approximately 5.705 billion RMB for the six months ending June 30, 2025, reflecting an 11% year-on-year increase [1] Financial Performance - Revenue increased to approximately 5.705 billion RMB, up 11% year-on-year [1] - Gross profit reached about 2.366 billion RMB, representing an increase of 11.4% year-on-year [1] - Profit attributable to equity holders was approximately 858 million RMB, marking an 8.6% year-on-year increase [1] - Basic earnings per share were 41.5 cents [1] - The company declared an interim dividend of 20.4 Hong Kong cents per share [1] Business Segments - The children's business segment generated revenue of approximately 1.261 billion RMB, accounting for about 22.1% of total revenue, with a year-on-year growth of 11.4% [1] - The e-commerce segment's online exclusive products achieved revenue of 1.817 billion RMB, representing 31.8% of total revenue, with a significant year-on-year increase of 45% [1] - Overseas revenue from cross-border e-commerce rose to 87.6 million RMB, up from 73.2 million RMB in the previous period, accounting for 1.5% of total revenue, compared to 1.4% in the prior period [1]

Core Insights - The company reported a revenue of RMB 5.705 billion for the first half of 2025, representing a year-on-year growth of 11.0% [1] - Gross profit reached RMB 2.366 billion, with a year-on-year increase of 11.4% [1] - Profit attributable to equity holders was RMB 858 million, reflecting an 8.6% year-on-year growth, with basic earnings per share at RMB 0.415 [1]

公告称，得益于市场对集团产品的强劲需求，成人及儿童类别均取得可喜的增长率。 361度(01361)发布2025年度中期业绩，收益57.05亿元(人民币，下同)，同比增加11%;毛利23.66亿元，同 比增加11.4%;权益持有人应占溢利8.58亿元，同比增加8.6%;每股基本盈利41.5分;拟派发中期股息每股 0.204港元。 于回顾期内，集团电子商务业务的线上专卖产品取得收益达到18.17亿元，占集团总收益的31.8%，同比 增长45.0%。 于2025年6月30日，集团共有5669间361品牌门店;单店平均面积达156平方米，同2024年12月31日相比， 净增加7平方米。按区域划分，约76.0%的门店位于中国三线及三线以下城市，而5.3%及18.7%的门店分 别位于中国一线及二线城市。集团鼓励分销商及授权零售商继续开设更大规模店面及升级至最新形象 店，以及增加在商场、百货及购物中心的新门店数量。2025年上半年，集团门店渠道结构持续优化，门 店平均面积及平均店效持续稳定提升，终端的零售流水表现持续强劲。 ...