01361 361 DEGREES
- 4.080
- +0.020+0.49%
361 DEGREES News
Ministry of Commerce: Will introduce new consumer policies in the consumer sector, Beijing-Tianjin-Hebei-Chongqing will issue consumer vouchers for dining, culture and tourism, sports, etc.
According to internal media reports, Vice Minister of the Ministry of Commerce, Sheng Qiuping, stated that the Ministry of Commerce will work with relevant departments to introduce a new batch of policies in the consumer sector. For example, they will soon study and implement policies to promote the development of the initial launch economy, facilitate high-quality development of the wholesale and retail trade, support the trial construction of modern commercial and trade circulation systems in 20 cities including Shanghai, Tianjin, etc., launch pilot reforms in automobile distribution and consumption, and promote special action plans for healthy consumption. Five cities will also introduce supporting policies. For instance, Shanghai and Guangzhou will introduce policies supporting and incentivizing the first store opening, debut, and exhibition; Beijing, Tianjin, Shanghai, and Chongqing will issue dining, cultural tourism, sports, and other service consumption vouchers.
361 degrees (01361.HK): Leading the growth rate of flowing water, increasing race resources.
Investment highlights: The company disclosed Q3 revenue, with offline growth of 10% for adults and children, and online growth exceeding 20%. New product categories + increased marketing sponsorship, the main brand's adult clothing leads the growth in 2024Q3, with offline adult clothing fluctuating in the retail environment.
Pacific Securities: Maintains a 361 degrees (01361) 'buy' rating, bullish on achieving the annual revenue target of one hundred billion.
The company recently released the 2024Q3 retail operation data, with offline adult clothing water flow increasing by approximately 10% year-on-year in 2024Q3, offline children's clothing water flow increasing by approximately 10% year-on-year, and e-commerce water flow increasing by over 20% year-on-year, with water flow performance meeting expectations.
CICC Securities: Long-term focus on cost-effective consumer background, 361 Degrees (01361) will continue to benefit, with a 'buy' rating.
CICC Securities expects 361 degrees (01361) to achieve a net income attributable to the parent company of 1.09/1.23/1.37 billion yuan from 2024 to 2026.
361 degrees (1361.HK): Leading the retail industry with upgraded product channels.
The company released the 2024Q3 retail operation data. In 2024Q3, offline large-sized retail sales increased by around 10% year-on-year, children's clothing sales increased by around 10%, and e-commerce sales increased by over 20%. The sales performance met expectations. Event review flow.
gtja: Maintains the 'shareholding' rating for 361 degrees (01361), Q3 revenue meets expectations, strong National Day sales.
gtja predicts that the net profit attributable to the parent company for the years 2024-2026 will be 1.09/1.27/1.46 billion yuan.
Golden increases 361 degrees (01361.HK) target price to 5.2 yuan. Good performance in the third quarter despite unfavorable environment.
china international capital corporation's research report indicates that 361 degrees (01361.HK) main brand and 361 degrees children's clothing offline retail sales have both increased by approximately 10% year-on-year, while 361 degrees e-commerce platform retail sales have increased by over 20% year-on-year. The firm maintains its earnings per share forecast for the company for the next two years at 0.52 and 0.60 yuan respectively, and maintains its 'outperform industry' rating. Considering the recent industry valuation increase, the target price has been raised by 17% to 5.2 yuan. The firm pointed out that 361 degrees performed well in adverse retail conditions, with stable discounts and inventory. Meanwhile, online sales have maintained faster growth on a higher base, and the company continues to promote the brand.
361 degrees (01361.HK): Steady flow and operation in Q3 2024, outstanding performance during the Golden Week.
In Q3 2024, the operation and management were stable, with a strong performance during the golden week, maintaining a "buy" rating. In Q3 2024, 361° adult offline turnover recorded a growth of about 10%, 361° children's wear offline turnover about 10% growth, and e-commerce turnover recorded.
[Brokerage Focus] Guotai Junan Securities maintains a "buy" rating on 361 Degrees (01361), indicating that the growth trend in Q4 revenue is expected to continue.
Jingu Financial News | Open Source Securities released research reports, indicating that in 2024Q3, the offline revenue of 361 degrees (01361) recorded an increase of about 10%, 361 degrees children's clothing offline revenue increased by approximately 10%, and e-commerce revenue recorded an increase of over 20%. The revenue performance in 2024Q3 was relatively resilient, with stable operation indicators, online revenue growth of more than 30% during the Golden Week period, and offline revenue growth of over 20% year-on-year. The bank continued to point out that benefiting from the pricing advantage of cost-effective brands and the improvement of product competitiveness, the operating indicators in 2024Q3 showed relatively stable performance, the inventory-sales ratio in 2024Q3 remained at 4.5-5 in a healthy range, with discounts of approximately 29% off, when.
361 degrees (01361.HK): Terminal performance continues to lead, e-commerce channel shows impressive growth.
Event: The company released the operating conditions of 2024Q3, with 361 Degrees' main brand retail sales increasing by about 10% year-on-year, 361 Degrees children's clothing retail sales increasing by about 10% year-on-year, and 361 Degrees e-commerce platform retail sales increasing by over 20% year-on-year. Comments:
361 degrees (01361.HK): Leading online growth in Q3 24.
361 Degrees' retail performance was good in 2024Q3, with offline main brand retail sales increasing by about 10%, children's clothing retail sales also increasing by about 10%; 361° e-commerce platform revenue increased by 20%+. In 24Q3, the company adheres to technological innovation.
Tmall's Double Eleven presale has begun. Six sports outdoor brands achieved over 100 million RMB in sales within the first hour.
The Tmall Double 11 event officially started. Within the first hour of pre-sale in the sports and outdoor industry, six brands exceeded 0.1 billion yuan in transaction volume, with 32 hot-selling items exceeding 10 million yuan in transaction volume. Sports and outdoor brands have experienced explosive growth, with 44 brands including KOLON SPORT, TREK, and Pathfinder surpassing last year's first-day performance in pre-sales. Among them, the star product Adidas 600 down jackets broke the billion yuan mark as soon as they went on sale. The overall performance of cycling brands is particularly outstanding, with sales growth across all categories exceeding 40%, and bicycle sales revenue increasing.
361 degrees (01361.HK): The third-quarter revenue growth is steady, with the ratio of inventory to sales and discount rate remaining stable.
Subject: Company Announcement: On October 14th, the company announced the retail performance in the third quarter of 2024, with a 10% positive growth in offline retail sales of the 361 main brand, a 10% positive growth in offline retail sales of children's clothing brand, e-commerce.
Guosen Securities: Maintains a 361 degrees (01361) 'Outperform the Market' rating with a target price of 4.5-5.1 Hong Kong dollars.
Guosen Securities expects 361 degrees (01361) to have a net income attributable to the parent company of 1.14/1.32/1.53 billion yuan from 2024 to 2026.
CICC: Maintains the "outperform industry" rating for 361 degrees (01361), with the target price raised to 5.2 Hong Kong dollars.
CICC forecasted earnings per share for 361 Degrees (01361) in 2024/25 to be 0.52/0.6 yuan.
361 Degrees Welcomes New Board Member
361 Degrees International Reveals Board Update
361 degrees (01361.HK): Ferheen Mahomed has been appointed as an independent non-executive director.
Grong Hui October 15th | 361 degrees (01361.HK) announced that Ferheen Mahomed has been appointed as an independent non-executive director and a member of the nomination committee of the company, effective from October 15, 2024.
361 degrees (1361.HK): Steady growth in revenue in the third quarter, with main brand and children's clothing revenue up by 10%.
Event Overview Company announcement 2024Q3 operation data: 361 Degrees main brand retail revenue increased by about 10% year-on-year, 361 Degrees children's clothing brand retail revenue increased by about 10% year-on-year, 361 Degrees e-commerce platform retail revenue increased year-on-year.
361 Degrees International's Core Product Sales Up 10% in Q3
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