01361 361 DEGREES
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361 DEGREES News
Hong Kong stocks surged | Sporting goods stocks collectively rose, the Olympics boosted sporting goods sales, and the sales growth rate in July turned positive from negative.
Sporting goods stocks are collectively rising. As of the time of writing, 361 degrees (01361) has increased by 3.72% to HKD 3.62; Anta Sports (02020) has increased by 3.48% to HKD 71.45; Topsports (06110) has increased by 3.17% to HKD 2.93; Xtep Int'l (01368) has increased by 1.38% to HKD 5.13.
361 DEGREES: INTERIM REPORT 2024
Analysts Have Been Trimming Their 361 Degrees International Limited (HKG:1361) Price Target After Its Latest Report
Brokerage Tianfeng Securities maintains a buy rating on 361 Degrees (01361), expecting it to continue benefiting from the growth of e-commerce channels and product R&D upgrades.
Tianfeng Securities published a research report that 361 Degrees (01361) had a revenue of 5.14 billion RMB in 1H24, a year-on-year increase of 19.2%; net profit attributable to equity holders was 0.79 billion RMB, a year-on-year increase of 12.2%; gross margin was 41.3%, a year-on-year decrease of 0.4 percentage points; net margin attributable to equity holders was 15.4%, a year-on-year decrease of 0.9 percentage points. Basic earnings per share were 38.2 RMB cents, a year-on-year increase of 12.4%. A dividend of 16.5 Hong Kong cents was declared with a payout ratio of 40.3%. According to the report, the company's e-commerce business revenue for 1H was 1.25 billion RMB, a year-on-year increase of 16.1%, accounting for 24.4%. With regard to the e-commerce business
Swhy: The demand resilience is highlighted in 361 degrees (01361) 2024 interim report, maintaining a "buy" rating.
The company has long been deeply involved in the sports track, and the brand and product capabilities continue to improve. Swhy is bullish on its future growth prospects.
Hong Kong stock market changes | 361 degrees (01361) rose more than 3%. Shareholders' attributable surplus for the first half of the year increased year-on-year. Institutions pointed out that the current price valuation is relatively attractive.
361 degrees (01361) rose more than 3%. As of press time, it increased by 3.46% to HKD 3.59, with a turnover of HKD 3.8109 million.
361 Degrees International (HKG:1361) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years
[Brokerage Focus] Zhongtai International maintains its forecast of 1.07 billion net income for 361 Degrees (01361) for the whole year, and believes that the company valuation is attractive.
Jingu Financial News | Zhongtai International Research Institute pointed out that 361 degrees (01361) 1H24 overall revenue was 5.14 billion yuan (RMB, same below), a year-on-year increase of 19.2%. Among them, the main brand achieved a revenue of 3.94 billion, a year-on-year increase of 18.1%, and the children's brand revenue was 1.13 billion, a year-on-year increase of 24.2%. The average price of the company's products in the first half of the year remained stable, and the increase in revenue was driven by sales, proving that the company's strategy of focusing on high cost-effective products is effective in a weak consumer environment in the near future. Sales of more high cost-effective products in the first half of the year led to a slight decrease in the gross margin of footwear products to 42.8%, but.
From the arena to the outdoors, 361 degrees (01361) targets new market opportunities.
Recently, domestic sports brands that have gone public have also begun to disclose their interim performance. 361 degrees (01361) achieved a revenue of 5.141 billion yuan, a year-on-year increase of 19.2%; achieving a net profit attributable to equity holders of 0.79 billion yuan, a year-on-year increase of 12.2%. The performance has grown rapidly and the growth rate leads the industry.
Brokerage Shanxi Securities maintains a buy rating on 361 degrees (01361) and its revenue growth in the first half of the year meets expectations with steady performance.
Jinwu Caixun | Shanxi Securities recently released a research report, saying that 361 degrees (01361) announced its performance for the first half of 2024. In 2024H1, the company achieved revenue of 5.141 billion yuan, a year-on-year increase of 19.2%, and achieved a net income attributable to shareholders of 0.79 billion yuan, a year-on-year increase of 12.2%. The company plans to distribute an interim dividend of 16.5 Hong Kong cents per share, with a dividend payout ratio of 40.3% for the first half of the year. The bank pointed out that the company's revenue growth in the first half of 2024 is in line with expectations, and its performance has achieved steady double-digit growth. The number of stores in the first half of 2024 remained stable, and the area of each store continued to expand. The bank also pointed out that in the first half of 2024,
[Brokerage Focus] CMBI reduces target price of 361 Degrees (01361) by 17.6% due to a more cautious attitude towards full-year profit margin.
According to a research report released by CMB International, 361 degrees (01361) performed roughly as expected in the first half of the year, especially considering the recent weakness in the industry. In the first half of 2024, 361 degrees' sales increased by 19% YoY to reach 5.1 billion yuan, which is 2% and 1% higher than the bank and market expectations, respectively. The net income increased by 12% YoY to reach 0.79 billion yuan, which is 3% and 5% lower than the bank and market expectations, respectively. The management reiterated its goal of 15%-20% sales growth and 10%-12% net profit margin in 2024, and believes that sales growth of double digits in both offline adult and children's businesses is still achievable.
[Brokerage Focus] Sealand Securities maintains a "buy" rating for 361 degrees (01361) and is bullish about the company's continuous improvement in brand strength.
According to a research report published by Sealand Securities, 361 Degrees (01361) main business income in the first half of 2024 increased by 19.2% YoY to RMB 5.141 billion, while the net income increased by 12.2% YoY to RMB 0.79 billion. The gross margin is 41.3%, down 0.4 percentage points from the same period last year. The company's interim dividend payout ratio is 40.3%. The report also pointed out that the main business income of the company in the first half of 2024 was RMB 5.141 billion, a YoY increase of 19.2%. In terms of product categories, the revenue of adult products was RMB 3.94 billion, an increase of 18.1% YoY, accounting for 76.6% (down 0.7 percentage points from the same period last year).
Guosen brokerage maintains a rating of bullish on 361 degrees (01361) compared to the market in the medium to long term. The professional sports, children's wear, and e-commerce growth are viewed positively.
Guosen Securities released research data, indicating that in the first half of 2024, 361 Degrees' revenue increased by 19.2% YoY to 5.14 billion yuan, while net income attributable to parent company increased by 12.2% YoY to 0.79 billion yuan. The gross margin decreased by 0.4 percentage points YoY to 41.3%, mainly due to the decline in the gross margin of footwear and 361 Degrees children's business by 0.7 percentage points YoY, while the gross margins of other businesses all increased. The decrease in gross margin of children's business is mainly due to the launch of several new products with competitive average wholesale prices. Operating profit margin and net profit margin attributable to parent company decreased by 2.4 and 1.0 percentage points YoY to 20.6.
Hong Kong stock announcement Nuggets | 361 Degrees released mid-term performance, shareholders should account for a surplus of 790 million yuan, an increase of 12.2% year-on-year, with an interim dividend of 16.5 Hong Kong cents per share.
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Behind the new growth rate, 361 degrees (1361.HK) has launched a quality and price revolution under the drive of innovation.
Sportswear once again becomes one of the key paths worth paying attention to. This year is a big year for sports, with major events one after another, creating new opportunities for sportswear brands. Against this backdrop, the growth of the sports apparel market may lead the way, with some institutions expecting the Chinese sports apparel market to grow by 7% this year, surpassing the 0.8% growth of non-sports apparel and footwear. At the same time, the counterattack of domestic sports brands has become increasingly apparent, as they continue to lead the Chinese market and accelerate their internationalization efforts. As a leading company in mass sports, 361 degrees fully benefits from this trend, with its latest financial report showing a historical high growth rate in revenue that will exceed tens of billions of yuan.
361 degrees (01361.HK) doubled its revenue and net profit in the first half of the year, with significant growth in e-commerce and children's businesses.
On August 12, Gelunhui reported 361 Degrees' (01361.HK) interim results, with earnings totaling RMB 5.141 billion for the six months ending June 30, 2024, a year-on-year increase of 19.2%. Among them, revenue from the children's business increased by 24.2% to RMB 1.13 billion, and revenue from e-commerce business increased by 16.1% to RMB 1.25 billion. Gross profit was RMB 2.125 billion, a year-on-year increase of 18.3%. The net profit attributable to shareholders was RMB 0.79 billion, a year-on-year increase of 12.2%. Basic earnings per share were 38.2 cents, and a mid-term dividend of 16 cents per share is proposed.
361 Degrees International: International, Domestic Events to Drive Demand for Sporting Goods in 2H >1361.HK
361 Degrees International 1H Return on Equity 8.6% Vs 8.4% >1361.HK
361 Degrees (01361) has announced its interim results, with a net profit attributable to shareholders of 0.79 billion yuan, an increase of 12.2% year-on-year. The interim dividend is 16.5 Hong Kong cents per share.
361 degrees (01361) announced its mid-term performance for 2024, generating a revenue of CNY 5.141 billion for the group (...)
361 Degrees International Reports 2024 Interim Results
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