Hong Kong-listed Topsports sinks to all-time low on sales drop

Topsports International Holdings

26/06/2026 05:03

** Shares of Topsports International 6110.HK drop 12.2% to HK$1.8, their lowest level since debut in October 2019
** Sportswear distributor says total sales of retail and wholesale operations for first quarter of FY2026/27 declined by low-teens on a y/y basis
** Says it has not received official notice from Nike NKE.N on online distributorship termination in Mainland China 
** Comments come after reports that Nike intends to end all its first-tier online distributorship authorisations in mainland China beginning from January 1, 2027  
** For the fiscal year ended in February 2026, revenue contribution from online sales of Nike products accounted for about 22% of group's total revenue - co 
** YTD, stock down 34.7%, benchmark Hang Seng Index .HSI down 12.1%

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))