Core Insights - Xtep International Holdings Limited reported a solid performance for the six months ending June 30, 2025, with revenue from continuing operations increasing by 7.1% to RMB 6.838 billion [2] - The main brand revenue rose by 4.5% to RMB 6.053 billion, while the professional sports segment saw a significant growth of 32.5% to RMB 785 million [2] - The gross profit margin for continuing operations reached 45.0%, and operating profit grew by 9.1% to RMB 1.305 billion [2] - After accounting for a loss of RMB 106 million from discontinued operations (K·SWISS and Paladin) in the first half of 2024, the profit attributable to ordinary shareholders for the first half of 2025 was RMB 914 million, an increase of 21.5% [2] - The basic earnings per share were RMB 0.346, with an annualized shareholder return rate of 19.7%, up by 3.3 percentage points year-on-year [2] - The company maintained healthy cash flow, with operating cash inflow of RMB 774 million, and declared an interim dividend of HKD 0.18 per share, a 15.4% increase [2] - The dividend payout ratio was 50.0%, and the company has maintained a payout ratio of no less than 50% for 17 consecutive years since its listing, reflecting a long-term commitment to shareholder returns [2] Strategic Focus - The Chairman and CEO of Xtep, Ding Shuibo, emphasized the company's focus on running as a strategy that solidifies its position as a leading running brand in China [3] - The company's outstanding market share in major marathon events highlights its market leadership and the effectiveness of its "Professional Influences the Masses" strategy [3] - With ongoing government support for the sports industry and rising sports participation rates, Xtep aims to strengthen its leadership in the running sector and leverage synergies between its main brand and subsidiaries, Saucony and Merrell, to enhance market share [3]

Financial Performance - Group revenue reached RMB 6838 million, a 71% year-over-year increase[3] - Operating profit increased by 91% to RMB 1305 million, with an operating profit margin of 191%[3] - Profit attributable to ordinary equity holders of the company increased by 215% to RMB 914 million[3] - Basic earnings per share increased by 165% to RMB 346 cents[6] Segment Performance - Mass market revenue increased by 45% to RMB 6053 million[3, 11] - Professional sports revenue increased significantly by 325% to RMB 785 million[3, 11] Balance Sheet Highlights - Net cash and cash equivalents increased significantly by 943% to RMB 1913 million[7] - Shareholders' equity increased by 135% to RMB 9876 million[7] Brand Performance & Strategy - Xtep is the No 1 running brand in China, with leading overall wear rate in major marathons[18, 19] - Core Xtep brand revenue increased, with footwear accounting for 584% of revenue[75] - Saucony & Merrell brands experienced revenue growth, with overall revenue increasing by 325%[83] Sustainability - The company recycled approximately 3000 kg of clothes and reduced carbon emissions by over 10000 kg[52, 53]

特步国际(1368.HK)午后拉升一度涨近10%，报6.3港元，股价创5月29日以来新高，截至目前成交额放大至3亿港元。 消息面上，特步午间公布截至6月底止中期业绩显示，收入68.38亿元，同比上升7.14%；股东应占溢利9.14亿元，同比增长21.47%。中期息派18港仙(0.18 港元)，增加15.38%。 ...

Core Insights - The company reported a 7.1% increase in revenue from continuing operations to RMB 6.8376 billion for the first half of 2025 [1] - The main brand revenue grew by 4.5% to RMB 6.0525 billion, while the professional sports segment saw a significant increase of 32.5% to RMB 785.1 million [1] - Gross margin stood at 45.0%, with operating profit rising by 9.1% to RMB 1.3048 billion [1] - Shareholders' profit attributable to the company was RMB 913.6 million, reflecting a year-on-year growth of 21.5%, with earnings per share at 34.6 cents [1] - The board declared an interim dividend of 18.0 Hong Kong cents per share [1] Business Performance - As of June 30, 2025, the company operated 6,360 adult stores and 1,564 youth stores in mainland China, with 155 stores for Saucony [1] - E-commerce emerged as a key growth driver, accounting for over 30% of the main brand's revenue and achieving double-digit year-on-year growth [1] - The company's balance sheet remains robust, with net cash and cash equivalents increasing to RMB 1.9128 billion [1]

Core Insights - Xtep International reported a revenue of 6.84 billion yuan for the first half of 2025, representing a year-on-year growth of 7% [1] - The net profit for the same period was 914 million yuan, showing an increase of 21.5% [1] - The main brand revenue reached 6.053 billion yuan, with a growth of 4.5%, while the professional sports segment saw a significant increase of 32.5% to 1.85 billion yuan [1] Company Strategy - The company focuses on a running-centric strategy, reinforcing its position as a leading running brand in China [1] - Xtep's performance in major marathon events in China highlights its market leadership and the effectiveness of its "professional influences the masses" strategy [1] - The brand successfully penetrated the mass market, contributing to the strong development of its main brand and the subsidiary brand Saucony [1] Partnerships and Events - In the first half of 2025, Xtep International established partnerships with 27 marathon and road running events in China [1] - This includes collaborations with prestigious events such as the World Athletics Platinum Label Xiamen Marathon and several Gold Label events [1]

Core Viewpoint - Xtep International reported a 7.1% increase in revenue from continuing operations to RMB 6.838 billion in the first half of the year, driven by growth in the Xtep main brand and the professional sports segment [1] Group 1: Revenue Growth - Revenue from the Xtep main brand increased by 4.5% to RMB 6.053 billion [1] - Revenue from the professional sports segment grew by 32.5% to RMB 785 million [1] Group 2: Profit and Dividends - After accounting for losses from discontinued operations (K·SWISS and Palladium), the profit attributable to ordinary shareholders for the first half of 2025 is expected to reach RMB 914 million, representing a growth of 21.5% [1] - The board declared an interim dividend of HKD 0.18 per share, with an option for shareholders to receive shares in lieu of cash, resulting in a dividend payout ratio of 50.0% [1]

Core Viewpoint - On August 18, 2023, Xtep International (01368) saw a stock price increase of 8.55%, reaching HKD 6.22 per share with a trading volume of HKD 2.05 billion [1] Company Overview - Xtep International Holdings Limited is a multi-brand sports goods company that specializes in the design, research and development, sales, and brand management of adult and children's sports shoes, apparel, and accessories [1] - The company operates a distribution network with over 8,100 stores and owns brands such as Xtep, Saucony, and Merrell, covering both mass and professional sports markets [1] Financial Performance - As of the 2024 annual report, Xtep International reported total revenue of HKD 13.577 billion and a net profit of HKD 1.238 billion [2] - On August 18, Xtep International disclosed its mid-year report for the fiscal year 2025 [2]

Core Viewpoint - Xtep International (01368) experienced a significant stock increase of over 9%, reaching HKD 6.27 with a trading volume of HKD 202 million following the release of its interim results for 2025 [1] Financial Performance - The company reported a revenue of RMB 6.838 billion for the period, reflecting a year-on-year increase of 7.14% [1] - Profit attributable to ordinary shareholders was RMB 914 million, marking a year-on-year increase of 21.47% [1] - An interim dividend of HKD 0.18 was declared, compared to HKD 0.156 in the same period last year [1] Revenue Growth Drivers - The revenue growth was primarily driven by the mass sports segment, which saw a revenue increase of 4.5% to RMB 6.1 billion [1] - The growth in this segment was attributed to strong performance in online channels, leading to increased consumer engagement and sales [1]

消息面上，特步国际午间发布2025年度中期业绩，该集团期内取得收入68.38亿元(人民币，单位下同)， 同比增加7.14%；普通股股权持有人应占溢利9.14亿元，同比增加21.47%；派中期息18港仙，可以股代 息，上年同期派15.6港仙。公告指出，收入增长主要受益于：大众运动：大众运动分部收入上升4.5%至 人民币61亿元。该增长主要归因于线上渠道表现良好，消费者参与度及销售显著增加。 智通财经APP获悉，特步国际(01368)午后涨超9%，截至发稿，涨9.42%，报6.27港元，成交额2.02亿港 元。 ...

Core Insights - The company reported a revenue of approximately 6.838 billion RMB for the six months ending June 30, 2025, representing a year-on-year increase of 7.1% [1] - Profit attributable to ordinary shareholders was approximately 914 million RMB, reflecting a year-on-year growth of 21.5% [1] - Basic earnings per share were 34.55 cents, with an interim dividend of 0.18 HKD per share, and a payout ratio of 50% [1] Revenue Breakdown - The main brand generated revenue of approximately 6.053 billion RMB, which is a year-on-year increase of 4.5% [1] - The professional sports segment saw revenue of 785 million RMB, marking a significant year-on-year increase of 32.5% [1] Financial Health - The balance sheet remains robust, with a strong cash position [1] - Cash and cash equivalents net amount increased by 94.3% to 1.913 billion RMB [1]