HK stock market's unusual movement | Topsports (06110) fell more than 8%, offline customer traffic is under pressure compounded by high base. The company's sales in the first quarter declined in single digits.

Financial news app, Zhuotong (06110) fell more than 8%, as of the time of publication, it fell 8.19% to HK$3.81 with a turnover of HK$76,193,400. In terms of news, Topsports recently released its first-quarter operating data, with total sales volume of retail and wholesale business decreasing by a single-digit percentage compared with the same period last year, and the gross sales area of its directly-operated stores decreasing by 0.5% compared with the same period last year, a decrease of 1.4% compared to the end of February. Daiwa believes that Topsports' total sales in the first quarter fell by a single-digit percentage on a quarterly basis, mainly due to weak consumer sentiment, especially in offline channels, as well as the impact of high base figures and changes in production for the 2024 Summer Olympics.

Zhitong FinanceJul 1 22:45 ET

Swhy: Maintains a Buy rating for Topsports (06110), with first-quarter performance in line with expectations.

According to the research report released by swhy on the Zhixun Finance APP, it maintains a "buy" rating on topsports (06110), and it is expected that the company's net income attributable to shareholders for FY25-27 will be 2.38/2.62/2.84 billion yuan, respectively. The company continues to focus on high-quality growth of omnichannel retail and improving efficiency. There are more business catalysts in the next three quarters. In addition, it continues to cooperate and expand in new areas, values shareholder returns, deepens user connections, innovates business models and service layouts. The sales revenue of topsports in FY2024/25Q1 (March-May 2024) decreased in low single digits compared with the same period of the previous year, which is in line with expectations; the sales of retail and wholesale accounted for a

Zhitong FinanceJun 30 23:25 ET

Hong Kong stocks fluctuate | topsports (06110) fell more than 3%, the total sales amount of retail and wholesale business in the first quarter fell year-on-year, and the improvement in retail discounts was lower than expected.

Topsports (06110) fell over 3%. As of publication, it fell 3.18% to HKD 4.26 with a turnover of HKD 1,043,700.

Zhitong FinanceJun 27 21:29 ET

TopSports (06110.HK): The total sales amount of the first quarter's retail and wholesale business recorded a decline in mid-single digits year-on-year.

Topsports (06110.HK) announced that in the first quarter of the 2024/25 fiscal year (March 1, 2024 to May 31, 2024), the total sales of the retail and wholesale business of the group recorded a decline in the mid-single digits compared to the same period last year. As of May 31, 2024, the gross sales area of directly-operated stores decreased by 1.4% compared to the end of the previous quarter, and decreased by 0.5% compared to the same period last year. The sales amount of the retail business is the revenue of selling transactions between retail stores (offline channels) and e-commerce platforms (online channels) and consumers, which includes but is not limited to value-added tax.

Gelonghui FinanceJun 27 04:47 ET

Express News | Topsports International - for Q1, Total Sales of Retail, Wholesale Ops Registered Mid-Single Digit Decline on YoY Basis

ReutersJun 27 04:46 ET

Hong Kong stocks surge | Sporting goods stocks rise, 618 sports outdoor performance is remarkable, sports apparel benefits from sports events.

Sporting goods companies rose in early trading. As of press time, Xtep Int’l (01368) rose 6.29%, closing at HKD 5.07; Li Ning (02331) rose 3.93%, closing at HKD 18.52; Topsports (06110) rose 3.61%, closing at HKD 4.59.

Zhitong FinanceJun 24 22:19 ET