Core Viewpoint - Xtep International (01368) experienced a nearly 3% decline in stock price, trading at HKD 5.08 with a transaction volume of HKD 40.75 million as of the report time [1] Group 1: Retail Sales Performance - For the three months ending December 31, 2025, Xtep's main brand retail sales (including both online and offline channels) remained flat year-on-year, with retail discount levels between 70% to 75% [1] - For the fiscal year ending December 31, 2025, Xtep's main brand retail sales achieved low single-digit year-on-year growth, with inventory turnover at approximately four and a half months [1] Group 2: Sub-brand Performance - The retail sales of the sub-brand Saucony (including both online and offline channels) saw over 30% year-on-year growth [1] - This strong performance in Saucony contrasts with the main brand's flat sales, indicating a potential shift in consumer preference or brand strength [1]

Core Viewpoint - Xtep International (01368) experienced a nearly 3% decline in stock price, trading at HKD 5.08 with a transaction volume of HKD 40.7551 million as of the report time [1] Group 1: Company Performance - For the three months ending December 31, 2025, Xtep's main brand retail sales (including online and offline channels) remained flat year-on-year, with retail discount levels between 70% to 75% [1] - For the fiscal year ending December 31, 2025, Xtep's main brand retail sales achieved low single-digit year-on-year growth, with channel inventory turnover approximately four and a half months [1] - Saucony's retail sales (including online and offline channels) saw over 30% year-on-year growth [1]

Group 1 - The core viewpoint of the article indicates that Xtep International's retail sales for its main brand remained flat year-on-year, while its subsidiary Saucony experienced over 30% year-on-year growth in retail sales [1] - The retail discount level for Xtep's main brand is reported to be between 70% to 75% [1] - The market capitalization of Xtep International is 14.479 billion HKD, ranking 7th in the apparel and home textiles industry [1] Group 2 - Investment banks predominantly rate Xtep International as a buy, with three banks issuing buy ratings in the last 90 days [1] - The average target price for Xtep International over the past 90 days is 8.23 HKD, with Huaxing Securities setting a target price of 8.15 HKD [1]

Core Viewpoint - The operational performance of Xtep International (01368) in mainland China for Q4 2025 shows stable retail sales for its main brand, while the Saucony brand experienced significant growth [1] Group 1: Retail Sales Performance - For the three months ending December 31, 2025, retail sales of the main brand remained flat year-on-year, with retail discount levels between 70% to 75% [1] - For the full year ending December 31, 2025, retail sales of the main brand achieved low single-digit year-on-year growth [1] - Saucony retail sales, including both online and offline channels, recorded over 30% year-on-year growth for both the quarterly and annual periods [1][1]

Core Viewpoint - The retail sales performance of Xtep International's main brand remained flat year-on-year, while Saucony experienced significant growth exceeding 30% in the same period [1] Group 1: Retail Sales Performance - For the three months ending December 31, 2025, Xtep's main brand retail sales (including online and offline channels) showed no year-on-year change, with retail discount levels ranging from 70% to 75% [1] - For the fiscal year ending December 31, 2025, Xtep's main brand retail sales achieved low single-digit year-on-year growth, with inventory turnover at approximately four and a half months [1] - Saucony's retail sales (including online and offline channels) achieved over 30% year-on-year growth for both the three-month and annual periods [1]

Core Viewpoint - Xtep International (01368.HK) reported stable retail sales growth for its main brand in Q4 2025, while its subsidiary Saucony experienced significant growth exceeding 30% year-on-year [1] Group 1: Retail Sales Performance - In Q4 2025, retail sales for Xtep's main brand (including online and offline channels) remained flat year-on-year, with retail discount levels around 70% to 75% [1] - For the full year 2025, Xtep's main brand retail sales achieved low single-digit year-on-year growth, with inventory turnover at approximately four and a half months [1] - Saucony's retail sales growth (including online and offline channels) exceeded 30% year-on-year in both Q4 2025 and for the full year [1]

香港交易及結算所有限公司以及香港聯合交易所有限公司對本公佈之內容概不負 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之任何損失承擔任何責任。 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） 二零二五年第四季度及全年中國內地業務營運狀況 本 公 佈 由 特 步 國 際 控 股 有 限 公 司（「 本 公 司 」， 連 同 其 附 屬 公 司「 本 集 團 」）董 事 會 （「董事會」）發出。 營運狀況（截至二零二五年十二月三十一日止三個月） 特步主品牌 | 零售銷售增長（包括線上線下渠道） | 同比持平 | | --- | --- | | 零售折扣水平 | 七至七五折 | 索康尼 | | | 營運狀況（截至二零二五年十二月三十一日止年度） 特步主品牌 | 零售銷售增長（包括線上線下渠道） | 低單位數同比增長 | | --- | --- | | 渠道存貨週轉 | 約四個半月 | 索康尼 | | | – 1 – 本公司股東及 ...

Group 1 - BlackRock, Inc. increased its stake in Xtep International (01368.HK) by purchasing 2.255 million shares at an average price of HKD 5.2647 per share, totaling approximately HKD 11.872 million [1] - Following the acquisition, BlackRock's total shareholding in Xtep International rose to 169,725,072 shares, increasing its ownership percentage from 5.97% to 6.05% [1]

香港联交所最新资料显示，1月14日，贝莱德增持特步国际(01368)225.5万股，每股作价5.2647港元，总 金额约为1187.19万港元。增持后最新持股数目约为1.7亿股，最新持股比例为6.05%。 ...

Core Viewpoint - BlackRock increased its stake in Xtep International (01368) by acquiring 2.255 million shares at a price of HKD 5.2647 per share, totaling approximately HKD 11.8719 million, raising its ownership to about 170 million shares, which represents a 6.05% stake in the company [1] Group 1 - BlackRock's acquisition of shares indicates a positive outlook on Xtep International's future performance [1] - The total investment made by BlackRock amounts to approximately HKD 11.8719 million [1] - Following the purchase, BlackRock's total shareholding in Xtep International is approximately 170 million shares [1]