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Chinese sportswear brand selling running, basketball and kids' apparel and footwear, mainly through domestic retail.
Chinese sportswear brand selling running, basketball and kids' apparel and footwear, mainly through domestic retail.
Designs and markets its products but sells mostly wholesale to distributors and franchise retailers that run the stores, so sales depend on how much those partners order. E-commerce is a smaller channel, and kids' wear is carried by a dedicated sub-brand.
In one line: A smaller, budget-tier Chinese Anta/Nike.
Moat: narrow (brand, distribution). Established domestic brand and store network, but faces intense competition from larger sportswear rivals.
Headquarters: Xiamen, China · Founded: 2003 · Employees: 6,932
Size 361 Degrees International (1361.HK) is a Hong Kong Consumer Discretionary company (Apparel/Footwear) with a market value of $1.34B, the 519th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$4.85 on 6 Nov 2026.
Performance Over six months the shares fell 10.8%, against -5.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 13.1% over the last twelve months (peer median +8.3%); the operating margin is 13.6% (peer median 7.9%).
Valuation It trades at 6.1× forward earnings against a peer median of 14.4× (cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -20% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -36 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.8 points above its cost of capital (7.0% WACC).
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$13.0B | HK$12.1B | HK$10.9B | HK$9.31B | HK$8.09B |
| Revenue growth | — | +11% | +17% | +15% | — |
| Gross profit | HK$5.41B | HK$4.93B | HK$4.54B | HK$3.83B | HK$3.28B |
| EBITDA | HK$1.93B | HK$1.73B | HK$1.42B | HK$1.20B | HK$870M |
| Net income | HK$1.55B | HK$1.42B | HK$1.25B | HK$1.06B | HK$869M |
| Free cash flow | HK$747M | HK$575M | -HK$182M | HK$433M | HK$494M |
| Capital expenditure | HK$284M | HK$309M | HK$291M | HK$70.7M | HK$36.0M |
| Total debt | n/a | HK$345M | HK$281M | HK$325M | HK$399M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| 361 Degrees International 1361.HK | $1.34B | -11% | +13% | 14% | 6.1× | -20.3% |
| Anta Sports 2020.HK | $28.2B | +2% | +17% | 21% | 12.5× | -0.7% |
| Li Ning 2331.HK | $5.10B | -21% | +7% | 13% | 14.4× | -5.4% |
| Xtep International 1368.HK | $1.27B | -16% | +10% | 10% | 7.7× | -10.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1361.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.6% | -0.8% | 3rd highest of 21 |
| 6-month return | -10.8% | -5.9% | 8th lowest of 21 |
| Distance from 52-week high | -33.1% | -33.1% | 11th highest of 21 |
| Revenue growth (TTM) | +13.1% | +8.3% | 6th highest of 21 |
| Operating margin | 13.6% | 7.9% | 5th highest of 21 |
| Forward P/E | 6.1× | 14.4× | cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -20.3% | 3.3% | least demanding of 15 |
| Growth delivered (Del g) | +16.0% | +6.9% | 2nd highest of 14 |
| Hurdle (Req g minus delivered) | -36.3 pp | -14.4 pp | least demanding of 14 |
| ROIC minus cost of capital | +9.8 pp | +2.6 pp | 5th highest of 21 |
| EV / EBITDA | 2.9× | 8.9× | cheapest of 15 |
| Net debt / EBITDA | -2.8× | -0.7× | 2nd least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 361 Degrees International 1361.HK | Hong Kong | $1.34B | -11% | +13% | 14% | 6.1× | -20.3% | +16.0% |
| G-III Apparel GIII | United States | $1.35B | -1% | -9% | 8% | 13.0× | -9.5% | +7.5% |
| New Wave NEWA-B.ST | Sweden | $1.36B | +4% | +9% | 11% | 14.4× | n/a | n/a |
| Pearl Global Industries PGIL.NS | India | $1.31B | +51% | +14% | 8% | 36.9× | 25.0% | +27.5% |
| Xtep International 1368.HK | Hong Kong | $1.27B | -16% | +10% | 10% | 7.7× | -10.3% | +10.8% |
| YoungoneHoldings 009970.KS | South Korea | $1.42B | -11% | +14% | 15% | 6.5× | n/a | n/a |
| Tayho Advanced Materials 002254.SZ | China | $1.26B | -13% | +6% | -2% | 70.6× | 10.1% | +8.1% |
| Stella International 1836.HK | Hong Kong | $1.47B | -10% | +2% | 8% | 11.8× | -9.5% | +6.8% |
| Salvatore Ferragamo SFER.MI | Italy | $1.22B | -19% | -2% | 3% | 202.8× | 22.5% | +2.2% |
| JNBY Design 3306.HK | Hong Kong | $1.47B | +7% | +12% | 20% | 9.4× | -7.4% | +6.9% |
| Wacoal 3591.T | Japan | $1.21B | -21% | +2% | -1% | 36.5× | 35.7% | +2.4% |
| Toread 300005.SZ | China | $1.21B | -45% | +22% | -1% | 60.7× | n/a | n/a |
| Misto 081660.KS | South Korea | $1.51B | -5% | +8% | 13% | 6.4× | -13.9% | +7.4% |
| Lancy 002612.SZ | China | $1.19B | +11% | +9% | 10% | 22.4× | -1.2% | +15.9% |
| Makalot Industrial 1477.TW | Taiwan | $1.59B | +1% | -2% | 14% | 12.8× | -8.0% | +6.7% |
| Guangdong Golden Dragon Development 000712.SZ | China | $1.12B | -20% | -3% | -20% | n/a | n/a | n/a |
| Lai Yih Footwear 6890.TW | Taiwan | $1.11B | -7% | -11% | 8% | 12.0× | n/a | n/a |
| Jihua 601718.SS | China | $1.10B | -43% | -22% | -10% | n/a | n/a | n/a |
| Human Made 456A.T | Japan | $1.10B | +39% | +27% | 30% | 45.5× | 7.7% | n/a |
| Jiangsu Hongdou Industrial 600400.SS | China | $1.06B | +11% | +22% | -9% | 102.3× | 13.7% | -1.3% |
| Topscore Fashion 603608.SS | China | $1.05B | +28% | +9% | 4% | n/a | 51.6% | -9.4% |