China's 361 Degrees International interim revenue rises 8%

361 Degrees International

18/08/2026 05:13

Overview
China sportswear maker's interim revenue rose 8% yr/yr to RMB 6.16 bln
Net income attributable to equity holders rose 8% to RMB 926 mln
Gross profit and operating profit both increased over the prior-year period

Outlook
Company expects research and development expenses to range between 3% and 4% for 2026

Result Drivers
SALES GROWTH - Co said higher sales drove increases in revenue and profit
EXPENSE CONTROL - Co reduced advertising and promotion expenses as a percentage of revenue

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 6.16 bln
 
H1 Net Income Attributable
 
RMB 925.94 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the footwear peer group is "buy"
Wall Street's median 12-month price target for 361 Degrees International Ltd is HK$6.95, about 48.9% above its August 17 closing price of HK$4.67
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
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Aug 17 - China's Hisense Home Appliances H1 revenue falls amid subdued domestic demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)