China's 361 Degrees hits 5-month high on yearly profit growth

361 Degrees International

12/03/2025 05:56

** Shares of 361 Degrees International 1361.HK rise 5.1% to HK$4.76, their highest since October 8, 2024

** Set for the second session of gains

** The China home-grown sportswear group, with current market capitalisation of HK$9.59 bln ($1.23 bln), said its 2024 net profit increased 19.5% y/y to 1.15 bln yuan ($158.94 million) with revenue up 19.6% y/y to 10.07 bln yuan

** Hang Seng Consumption Index .HSCGSI slips 0.7%, while Hang Seng Index .HSI adds 0.03%

** Stock up 9.7% YTD

($1 = 7.2353 Chinese yuan renminbi)

($1 = 7.7687 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))