5月28日，截至港股收盘，恒生指数下跌0.53%，报23258.31点。特步国际（01368.HK）收报6.2港元/ 股，上涨7.45%，成交量4322.7万股，成交额2.64亿港元，振幅7.8%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，纺织及服饰行业市盈率（TTM）平均值为-5.77倍，行业中值-0.17倍。特步国际市盈率 11.97倍，行业排名第39位；其他FAST RETAIL-DRS（06288.HK）为0.37倍、浙江永安（08211.HK）为 1.34倍、其利工业集团（01731.HK）为3.67倍、都市丽人（02298.HK）为3.68倍、大人国际 （01957.HK）为3.8倍。 大事提醒 2025年5月20日，2024年度末期每股派人民币0.088元(相当于港币0.095元)(可选择以股代息)，除权除息 日2025-05-07，派息日2025-06-30 最近一个月来，特步国际累计涨幅19.79%，今年来累计涨幅4.07%，跑输恒生指数16.56%的涨幅。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 财务数据显示，截至202 ...

Group 1 - The Hong Kong stock market's sportswear sector has shown strength, with Anta Sports (02020.HK) rising over 6% [1] - Bosideng International (03813.HK) increased by more than 4% [1] - Other companies such as Li Ning (02331.HK) and Xtep International (01368.HK) also experienced gains [1]

Xtep International Holdings Limited (Incorporated in the Cayman Islands with Limited Liability) Stock Code: 1368.HK 2022 Interim Results Presentation 23 August 2022 2022 Interim Results Highlights Revenue 37.5% RMB 5,684 m Core Xtep brand revenue RMB 4,898 m Profit attributable to ordinary equity holders 38.4% RMB 590 m Interim dividend per Share 13.0% HK 13.0 cents (Payout ratio: 50.3%) 36.2% Consolidated Financial Review Consolidated Income Statement | RMB m | 1H2022 | 1H2021 | YoY change | | --- | --- | ...

Xtep International Holdings Limited (Incorporated in the Cayman Islands with Limited Liability) Stock Code: 1368.HK 2022 Annual Results Presentation 22 March 2023 2022 Annual Results Highlights Group's revenue RMB 12,930 m 29.1% Core Xtep brand'srevenue RMB 11,128 m 25.9% Group's operating profit RMB 1,464 m 4.9% Core Xtep brand's operating profit RMB 1,759 m 9.4% Profit attributable to ordinary equity holders of the Company RMB 922 m 1.5% 6,313 Core Xtep Adult branded stores in Mainland China and overseas ...

Xtep International Holdings Limited (Incorporated in the Cayman Islands with Limited Liability) Stock Code: 1368.HK 2023 Interim Results Presentation 23 August 2023 2023 Interim Results Highlights Core Xtep branded stores in Mainland China and overseas as at 30 June 2023 8,031 RMB 665 m 12.7% RMB 5,430 m 10.9% Core Xtep brand'srevenue Core Xtep brand's net profit RMB 871 m 12.7% RMB 6,522 m 14.8% Group's revenue Profit attributable to ordinary equity holders of the Company HK 13.7 cents Payout ratio: 50.0% ...

2023 Annual Results Presentation 18 March 2024 2023 Annual ResultsHighlights RMB 14,346 m 10.9% Group's revenue RMB 1,030 m 11.8% globally as at 31 December 2023 8,583 branded stores Core Xtep brand's revenue Profit attributable to ordinary equity holders of the Company Professional sports segment's revenue Athleisure segment's revenue (Mainland China) RMB 11,947 m RMB 796 m RMB 465 m HK 8.0 cents1 Full year payout ratio: 50.0% Final dividend per Share RMB 1,794 m 21.6% Group's inventories RMB 1,255 m 119.5 ...

Xtep International Holdings Limited (Incorporated in the Cayman Islands with Limited Liability) Stock Code: 1368.HK 2024 Interim Results Presentation 20 August 2024 2024 Interim Results Highlights Group's revenue RMB 7,203 m 10.4% Gross profit margin 46.0% 3.1% pts Profit attributable to ordinary equity holders of the Company RMB 752 m 13.0% RMB 826 m 211.6% Interim dividend per Share HK15.6 cents Payout ratio: 50.0% MSCI ESG rating Upgraded to "A" China business Core Xtep brand achieving steady performance ...

Xtep International Holdings Limited (Incorporated in the Cayman Islands with Limited Liability) Stock Code: 1368.HK 2024 Annual Results Presentation 18 March 2025 2024 Annual Results Highlights Group's revenue RMB 13,577 m 6.5% RMB 1,250 m 57.2% Operating profit RMB 1,966 m 9.3% RMB 1,238 m Profit attributable to ordinary equity holders of the Company 20.2% Final dividend per Share 1 The proposed final dividend per Share will be subject to the approval of shareholders at the forthcoming annual general meeti ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Insights - The retail performance of the main brand remains stable, with a year-on-year revenue growth in the mid-single digits for Q1 2025, primarily driven by footwear sales. The discount rate is between 70-75%, and the inventory turnover ratio is approximately 4 months. The subsidiary brand, Saucony, has shown a robust revenue growth of over 40% year-on-year [6][8]. - Continuous product launches and optimization of the product matrix are evident, with the introduction of the 360X 2.0 carbon plate running shoes and the flagship cushioning running shoes, enhancing the running shoe lineup [8]. - Looking ahead, the company is gradually implementing a Direct-to-Consumer (DTC) channel strategy, which is expected to drive revenue and profit growth. The projected net profits for 2025-2027 are estimated at 1.41 billion, 1.60 billion, and 1.82 billion respectively, with corresponding price-to-earnings ratios of 9, 8, and 7 times [8][10]. Summary by Sections Retail Performance - The main brand's Q1 revenue growth is in the mid-single digits year-on-year, with a discount range of 70-75% and an inventory turnover of about 4 months. Saucony's revenue growth exceeds 40% year-on-year [2][6][8]. Product Development - New products are being launched, including the 360X 2.0 carbon plate running shoes and the flagship cushioning running shoes, which enhance the overall product matrix [8]. Future Outlook - The company is focusing on DTC strategies, with expectations for revenue and profit growth. The projected net profits for 2025-2027 are 1.41 billion, 1.60 billion, and 1.82 billion, with P/E ratios of 9, 8, and 7 respectively [8][10].

Core Viewpoint - Cathay Securities maintains a positive outlook on Xtep International's (01368) competitive strength in the main brand running shoes sector, with a target price of HKD 6.45 for 2025, reflecting a lower-than-industry-average PE of 12X [1] Group 1: Financial Performance - The main brand's Q1 revenue showed single-digit growth year-on-year, with discounts remaining stable at 7-7.5%, and an inventory-to-sales ratio of approximately 4 months, indicating a healthy balance [2] - Xtep's Q1 functional running shoes sales demonstrated double-digit growth, showcasing the company's competitive edge in the running shoe market [3] Group 2: Brand Development and Strategy - The DTC (Direct-to-Consumer) reform is progressing as planned, with expectations to recover 400-500 stores by 2026, which may have a slight short-term impact on 2025 profits but is expected to enhance operational efficiency and customer experience in the long term [3] - Saucony's Q1 revenue increased by over 40% year-on-year, with a growth guidance of 30-40% for 2025, and plans to open 30 new stores, primarily in high-tier markets [4]