Financial Data and Key Metrics Changes - The group's total revenue increased by 4.2% to CNY 14.151 billion, with net profit rising by 10.8% to CNY 1.372 billion [5][6][8] - Gross profit rose by 3.4% to CNY 6.063 billion, while the gross profit margin was 42.8% [6][8] - Net cash increased by 73.4% to CNY 1.707 billion, and net asset value per share rose by 12.3% to CNY 3.64 [6][9] Business Line Data and Key Metrics Changes - Revenue from the Xtep core brand grew by 1.5% to CNY 12.515 billion, while the professional sports segment, including Saucony and Merrell, saw revenue growth of over 30% to CNY 1.636 billion [5][11] - Operating profit for the professional sports sector rose by 46.4% year-on-year to CNY 114 million, with an operating profit margin of 7% [11][12] Market Data and Key Metrics Changes - The number of runners in China increased from fewer than 90 million to 300 million by 2025, with marathon participants growing by over 20% annually [2] - Xtep maintained the number one position in overall wear rates at major marathon events in China [2][16] Company Strategy and Development Direction - The company aims to solidify its position as China's number one running brand, focusing on running as a core strategy and enhancing brand quality and efficiency [4][25] - Plans include expanding product offerings, optimizing retail channels, and enhancing e-commerce capabilities [18][25] Management's Comments on Operating Environment and Future Outlook - The management acknowledged a complex and volatile global economic environment but emphasized steady growth driven by a focus on running [2][4] - The company anticipates significant growth opportunities in the national sports industry, projected to exceed CNY 7 trillion by 2030 [4] Other Important Information - The company has maintained a dividend payout ratio of no less than 50% for 18 consecutive years, with an annual dividend payout ratio of 50.4% [6][7] - The company is committed to sustainable development and social responsibility, including recycling initiatives and donations exceeding CNY 64 million [24][25] Q&A Session Summary Question: What are the growth strategies for the Xtep core brand? - The company will continue to focus on running, using flagship products as growth engines and expanding the product matrix [25] Question: How is the company addressing e-commerce growth? - E-commerce for the Xtep core brand achieved double-digit growth, accounting for over 30% of revenue, with plans to enhance flagship products [18] Question: What are the future plans for Saucony and Merrell? - Saucony will maintain its premium positioning and focus on professional products, while Merrell will concentrate on outdoor sports [21][24]

Group's revenue RMB 14,151 m 4.2% Mass market Professional sports RMB 12,515 m RMB 1,636 m 1.5% 30.8% Profit attributable to ordinary equity holders of the Company RMB 1,372 m 10.8% RMB 3.64 12.3% Net cash RMB 1,707 m Final dividend per Share HK 9.5 cents1 Payout ratio: 50.4% Return on equity 14.5% 0.4% pt 73.4% Xtep International Holdings Limited (Incorporated in the Cayman Islands with Limited Liability) Stock Code: 1368.HK 2025 Annual Results Presentation 26 March 2026 2025 Annual Results Highlights 4 Co ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 致：香港交易及結算所有限公司 公司名稱: 特步國際控股有限公司 呈交日期: 2026年3月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01368 | 說明 | 不適用 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 100,000,000,000 | HKD | | 0.01 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 100,000,000,000 | HKD | ...

Core Viewpoint - Xtep International announced the completion of the subscription and issuance of convertible bonds, with all conditions precedent met as of February 6, 2026 [1] Group 1 - The total principal amount of the bonds issued is HKD 500 million [1] - The bonds were listed on the Vienna Stock Exchange on February 6, 2026 [1] - The bonds were allocated to no less than six independent subscribers, all classified as professional investors under the Securities and Futures Ordinance [1]

Core Viewpoint - The company, Xtep International (01368), has completed a buyback of HKD 500 million of its 1.5% convertible bonds maturing in 2026, resulting in the 2025 convertible bonds no longer being outstanding [1] Group 1 - The buyback settlement and cancellation have been completed, and the last trading day for the 2025 convertible bonds on the Vienna Stock Exchange is February 6, 2026 [1] - The 2025 convertible bonds are expected to be delisted from the Vienna Stock Exchange around February 10, 2026 [1] - The company has also issued HKD 500 million of zero-coupon convertible bonds maturing in 2029 [1]

Group 1 - The company completed a buyback of HKD 500 million of its 1.5% convertible bonds maturing in 2026 [1] - Following the buyback settlement and cancellation, the 2025 convertible bonds are no longer outstanding [1] - The last trading day for the 2025 convertible bonds on the Vienna Stock Exchange is expected to be February 6, 2026, with delisting anticipated around February 10, 2026 [1] Group 2 - The company issued HKD 500 million of zero-coupon convertible bonds maturing in 2029 [1]

Core Viewpoint - Xtep International (01368.HK) has successfully completed the subscription and issuance of convertible bonds, with all conditions met as of February 6, 2026 [1] Group 1: Bond Issuance Details - The total principal amount of the bonds issued is HKD 500 million [1] - The bonds were listed on the Vienna Stock Exchange on February 6, 2026 [1] - The bonds were allocated to no less than six independent subscribers, all classified as professional investors under the Securities and Futures Ordinance [1] Group 2: Independence of Subscribers - All bond subscribers and their ultimate beneficial owners are confirmed to be independent third parties of the company [1]

Core Viewpoint - Xtep International (01368.HK) has successfully completed the repurchase of all conditions stipulated in the transaction agreement, with the repurchase finalized on February 6, 2026, involving a total principal amount of HKD 500 million for the 2025 convertible bonds, representing 100% of the initial principal amount of the bonds [1] Group 1 - The total principal amount of the repurchased bonds is HKD 500 million [1] - The repurchase accounts for 100% of the initial principal amount of the 2025 convertible bonds [1] - The company has instructed HSBC to arrange for the cancellation of the repurchased bonds [1]

香 港 交易 及 結 算 所 有限 公 司 及 香港 聯 合 交 易 所有 限 公 司 對 本公 佈 的 內 容概 不 負 責， 對 其 準 確 性或 完 整 性 亦不 發 表 任 何 聲明 ， 並 明 確 表示 ， 概 不 對因 本 公 佈全 部 或 任 何 部分 內 容 而 產生 或 因 倚 賴 該等 內 容 而 引 致的 任 何 損 失承 擔任何責任。 本 公 佈或 其 任 何 副 本皆 不 得 在 美國 或 在 發 放 或分 派 本 公 佈 可能 違 法 的 任何 其他司法管轄區境內直接或間接發放或分派。 本 公 佈僅 供 參 考 ， 並不 構 成 收 購、 購 買 或 認 購本 公 司 任 何 證券 的 邀 請 或要 約。 於二零二九年到期的零票息可換股債券 本 公 佈 並 不 構 成 或 組 成 在 美 國 購 買 或 認 購 證 券 的 任 何 要 約 或 游 說 的 一 部 分 。本 公佈 所指 證券 不會 且將 不會 根據 一九 三三 年美 國證 券法（「美國 證券 法」）登記 ，且 未經 登記 或獲 豁免 遵守 美國 證券 法的 登記 規定 ，概 不得 在美 國 發 售或 出 售 ， 惟 ...

Xtep International Holdings Limited 特 步 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1368） 香 港 交易 及 結 算 所 有限 公 司 及 香港 聯 合 交 易 所有 限 公 司 對 本公 佈 的 內 容概 不 負 責， 對 其 準 確 性或 完 整 性 亦不 發 表 任 何 聲明 ， 並 明 確 表示 ， 概 不 對因 本 公 佈全 部 或 任 何 部分 內 容 而 產生 或 因 倚 賴 該等 內 容 而 引 致的 任 何 損 失承 擔任何責任。 本 公 佈或 其 任 何 副 本皆 不 得 在 美國 或 在 發 放 或分 派 本 公 佈 或其 任 何 副 本可 能違法的任何其他司法管轄區境內直接或間接發放或分派。 本 公 佈僅 供 參 考 ， 並不 構 成 收 購、 購 買 或 認 購本 公 司 任 何 證券 的 邀 請 或要 約。 本 公 佈 並 不 構 成 或 組 成 在 美 國 購 買 或 認 購 證 券 的 任 何 要 約 或 游 說 的 一 部 分 。本 公佈 所指 證券 不曾 且將 不會 根據 一九 三三 年美 國證 ...