Financial Performance - Revenue increased by 19.6% to RMB 10.07 billion[16] - Profit attributable to equity holders increased by 19.5% to RMB 1.15 billion[16] - Basic earnings per share increased by 19.5% to RMB 0.556[16] - The company achieved revenue of RMB 10,073.5 million for the fiscal year 2024, representing a year-on-year growth of 19.6%[23] - Profit attributable to equity holders reached RMB 1,148.6 million, an increase of 19.5% compared to the previous year[23] - The gross profit margin improved to 41.5% in 2024, up from 41.1% in 2023[22] - The operating profit margin decreased slightly to 15.6% in 2024 from 16.4% in 2023[22] - Total revenue for the year ended December 31, 2024, reached RMB 10,073.51 million, representing a 19.6% increase from RMB 8,423.26 million in 2023[115] Dividend and Shareholder Returns - Final dividend declared at HKD 0.10, equivalent to RMB 0.096, with a payout ratio of 45.0%[16] - The proposed final dividend for the year ending December 31, 2024, is HKD 0.10 per share, compared to HKD 0.139 per share in 2023[181] - The interim dividend declared was HKD 0.165 per share, an increase from HKD 0.065 per share in 2023[181] - The total reserves available for distribution to equity shareholders as of December 31, 2024, was approximately RMB 698,189,000, down from RMB 1,260,420,000 in 2023[181] Store and Outlet Expansion - Total number of 361º stores in mainland China reached 5,750[17] - Total number of 361º children's sales outlets in mainland China reached 2,548[17] - Total number of international sales outlets for 361º reached 1,365[17] - The company operates 5,750 stores in China, with an average store size of 149 square meters, an increase of 11 square meters from the end of 2023[32] - The company has established 1,365 offline sales outlets overseas, marking significant progress in its international market expansion[33] E-commerce Performance - E-commerce business revenue grew by 12.2% to RMB 2.61 billion[16] - The e-commerce segment generated revenue of RMB 2,609.4 million, accounting for approximately 25.9% of total revenue, with a year-on-year growth of 12.2%[97] - During the "618" shopping festival, e-commerce sales increased by 99%, achieving the highest growth rate in the industry, with over 240,000 units sold across all channels, a year-on-year increase of 167%[100] Marketing and Sponsorship - The company secured sponsorship rights for major international events, including the 2025 Asian Winter Games and the 2026 Asian Games, enhancing brand visibility[25] - The company supported 117 major marathon events in 2024, helping athletes achieve 114 podium finishes, including 76 first places, 23 second places, and 15 third places[26] - The company has become the exclusive sponsor of the 2024 Asian Jump Rope Championship and the National Jump Rope League, reinforcing its commitment to youth sports development[30] - The brand signed NBA star Kentavious Caldwell-Pope, becoming the fourth international basketball ambassador, enhancing its global brand presence[64] Product Development and Innovation - The company emphasized a strategy focused on "technology-based, brand-first" development to enhance competitive advantage[24] - The company has developed a series of innovative outdoor products that integrate functionality and technology, targeting the growing outdoor market and appealing to younger consumers[28] - The company launched the "JOKER 1" signature shoe in collaboration with Nikola Jokić, enhancing its brand influence through various interactive consumer engagement activities[27] - The company launched new products such as the "Drift 1.0 and 2.0" basketball shoes and upgraded technologies in children's running shoes, enhancing the product matrix[83] Research and Development - Research and development expenses were 3.4% of revenue in 2024, down from 3.7% in 2023[22] - The company holds 633 patents as of December 31, 2024, an increase of 139 from the previous year, reflecting its focus on technological innovation[31] - The company’s R&D expenditure accounted for 3.4% of total revenue, focusing on continuous upgrades in running and basketball product lines[102] Market Trends and Economic Environment - In 2024, China's GDP reached RMB 13,490.84 billion, growing by 5.0% year-on-year, indicating a steady economic recovery[38] - The total retail sales of consumer goods in China amounted to RMB 48,789.5 billion in 2024, with a year-on-year growth of 3.5%[38] - The domestic sports goods market is experiencing rapid growth, particularly in children's sports apparel and footwear, driven by increased government support and consumer demand[46] Corporate Social Responsibility - The company received the "2024 ESG Leading Enterprise Award" in September 2024, highlighting its commitment to sustainable development[113] - The company actively contributed to social responsibility by donating RMB 8 million in winter supplies to earthquake-affected areas in January 2025[113] Financial Position and Liquidity - The company maintained a current ratio of 3.6 in 2024, indicating strong liquidity[22] - Cash and cash equivalents increased to RMB 4,254.2 million as of December 31, 2024, from RMB 3,596.5 million in 2023, attributed to strategic inventory increases[136] - Total assets increased to RMB 13,413.6 million, up from RMB 13,065.3 million, with total liabilities at RMB 3,584.4 million[141] Employee and Management Information - The company employs a total of 7,934 full-time employees in China as of December 31, 2024[153] - The company has obtained insurance for directors against potential third-party liabilities incurred while performing their duties[191] Strategic Partnerships and Collaborations - The company has established a long-term strategic partnership with supply chain enterprises to enhance production stability and quality[101] - The company has engaged multiple athletes as brand ambassadors, achieving notable placements in various marathons[73][75][76]
361度(01361) - 2024 - 年度财报