361 Degrees International Ltd. · HKEX:1361
361 Degrees International — H1 2026 Earnings Presentation
30 slides from 361 Degrees International's earnings presentation, August 2026
Slide 1: 2026 Interim Results
2026 Interim Results 361 Degrees International Limited Stock Code: 1361.HK August 2026
Slide 2: Disclaimer
Disclaimer These presentation slides have been prepared by 361 Degrees International Limited (the “Company”) solely for us during its presentation held in connection with its interim results for the period ended 30 June 2026 and may not be reproduced or redistributed. In particular, these presentati
Slide 3: Content
Content 01 Financial Review 02 Business Review 03 Appendix and Q&A
Slide 4: Financial Highlights in 1H 2026
Financial Highlights in 1H 2026 Profit Attributable to Total Revenue Equity Holders RMB 6.16 bn RMB 926 mn ▲increased by 8% YoY ▲increased by 8% YoY Net Cash Generated from Interim Dividend Operating Activities RMB 612 mn HK22.2 cents ▲increased by 17% YoY Dividend Payout Ratio 45% 4
Slide 5: Financial Review
01 Financial Review
Slide 6: Financial Overview
Financial Overview For the six months ended 30 Jun RMB mn 2026 2025 Change Revenue 6,159.8 5,704.8 +8.0% Gross profit 2,572.9 2,366.5 +8.7% Operating profit 1,200.9 1,137.3 +5.6% Profit attributable to equity holders 925.9 857.7 +8.0% Basic EPS (RMB cents) 44.4 41.5 +7.0% Profitability Ratios (%) Gr
Slide 7: Revenue Analysis
Revenue Analysis ▍ Revenue Breakdown (RMB mn / % of revenue) 6,159.8 Accessories and Shoe 5,704.8 Accessories and Shoe Soles: 305.8 (5.0%) Including Kids’ Accessories: Soles: 294.9 (5.2%) 5,141.3 Accessories and Shoe Including Kids’ Accessories: 524.2 27.8 Soles: 161.1 (3.1%) 521.8 27.3 Including Ki
Slide 8: Gross Profit and GP Margin Analysis
Gross Profit and GP Margin Analysis ▍ Gross Profit and GP Margin (“GPM”) (RMB mn) ▍ GPM of 361° Core Brand 43.3% 43.5% 42.8% 41.5% 41.8% 41.3% 41.3% 41.3% 40.2% 1H 2024 1H 2025 1H 2026 2,572.9 Core Brand-Footwear Core Brand-Apparel 2,366.5 79.8 221.6 2,125.0 213.7 77.8 47.2 ▍ GPM of 361° Kids 235.9
Slide 9: Major Operating Expenses Analysis
Major Operating Expenses Analysis ▍ % of revenue 10.5% 10.1% 9.5% 6.2% 6.7% 6.3% 2.8% 2.8% 2.9% 1H 2024 1H 2025 1H 2026 Advertising & promotion expenses Salary & welfare R&D expenses ▍ Selling and Distribution Expenses ▍ Administrative Expenses For the six months ended 30 Jun For the six months ende
Slide 10: Profit Attributable to Equity Holders Analysis
Profit Attributable to Equity Holders Analysis ▍ Profit Attributable to Equity Holders (RMB mn) ▍ Return on Shareholders’ Equity 8.8% 8.9%* 8.6% 925.9 1H 2024 1H 2025 1H 2026 857.7 * Excluded the effect of the net proceeds of HK$611 million received from the subscription of new Shares in May 2026 78
Slide 11: Working Capital Cycle Analysis
Working Capital Cycle Analysis ▍ Working Capital Turnover Days (Days) ▍ Trade and Bills Receivables - Ageing Analysis (RMB mn) As at As at Ageing % % 149 149 30 Jun 2026 31 Dec 2025 146 117 Within 90 days 3,963.2 73.9% 3,576.7 75.5% 109 102 71 74 Over 90 days 59 but within 180 802.2 14.9% 639.5 13.5
Slide 12: Balance Sheet Overview
Balance Sheet Overview RMB mn As at 30 Jun 2026 As at 31 Dec 2025 Change Current assets 14,097.2 12,827.3 +9.9% Current liabilities 3,757.0 3,836.3 -2.1% Net current assets 10,340.2 8,991.0 +15.0% Equity attributable to owners of the 11,351.4 10,078.1 +12.6% Company Net asset value per share (RMB) 5
Slide 13: Capital Strength
Capital Strength ▍Net Cash Inflow from Operating Activities ▍Net cash (including bank deposits, cash and cash (RMB mn) equivalents) (RMB mn) 4,728.8 611.5 4,001.7 523.8 3,804.0 160.1 1H 2024 1H 2025 1H 2026 2024.12.31 2025.12.31 2026.6.30 13
Slide 14: Business Review
02 Business Review
Slide 15: 361° Business Segment Overview
361° Business Segment Overview Core Embracing the brand spirit of “ONE DEGREE BEYOND” (多一度热爱), 361° adheres to the positioning of Brand “professional, youthful, and internationalised”, taking technological innovation as its core driving force Endorsed by its brand statement “CHASING YOUR LOVE!” (热爱吧
Slide 16: 361° Core Brand
361° Core Brand Optimising channel structure to drive steady sales growth 3.0% Sales Network 32.0% 2.2% 22.1% 5,076 181m² Channel Structure 68.0% Store No. of POSs in Average Store Size Image Chinese Mainland +16m² vs. year-end 2025 Super Premium Stores: 152 72.7% 152 74.9% Mall & Dept Stores: 1,625
Slide 17: 361° New Retail Strategy
361° New Retail Strategy Industry forerunner of “1+6” new retail omnichannel operating model Centered on Physical Stores Collaborations with 6 Online Channels Meituan In-store Services – Douyin Local Life Group Omnichannel ＋ Purchase Customer Acquisition Refined operation to strengthen retail perfor
Slide 18: 361° Product - Running
361° Product - Running Technology empowered events, cultivating a diversified and progressive running ecosystem Brand ambassadors and elite runners “Flame5 MIRO” 3# Track 10 km Racing Series excel at domestic and international tournaments, validating our professional product strength 18
Slide 19: 361° Product - Basketball
361° Product - Basketball Leveraging brand ambassador resources to drive global brand expansion JOKIĆ and GORDON globally co-launched their signature “BIG3 7.0 PRO” Proprietary Basketball Event “Light Up” basketball shoes “JOKER2” & “AG 6” 19
Slide 20: 361° Product – Diversified Sports Lifestyle
361° Product – Diversified Sports Lifestyle Creating diverse sports lifestyle occasions, enhancing brand stickiness & youthful appeal “I Am Colourful” Women-themed Campaign “Titan 4CQT” HYROX Training Class “Lightweight Adventure Series” “SWING AS ONE” Badminton City Tournament “Women’s Fitness Gym”
Slide 21: 361° Kids
361° Kids Reinforcing first-mover advantage with stable growth “Wind Hunter 2.0” “Feiyan I” “Swift Leaping 2.0 V2“ “Lightweight Oxygen 3.0” 361°Kids 5th Generation Store Sales Network 1.6% 5.3% 2,202 131m² 58.9% 18.6% No. of POSs in Average Store Size Channel Store Chinese Mainland +7m² vs. year-end
Slide 22: 361° E-commerce
361° E-commerce Sustained stable operations with improved profitability Revenue from e-commerce business: Up 9.5% YoY to RMB1.99 bn % of the Group’s total revenue: 32.3% % of online-exclusive products to omnichannel retail sales: ~80% Expanding high-potential categories to attract niche sports commu
Slide 23: 361° Overseas Operations
361° Overseas Operations Unlocking the potential of overseas business to build a second curve Steady expansion of the overseas channel network No. of overseas POSs: 1,167 Covering the Americas, Europe, and the “Belt and Road Initiative” regions 1H 2025 1H 2026 Including 1 Super Premium Store in Camb
Slide 24: ONEWAY
ONEWAY Capitalising on the outdoor trends, ONEWAY achieves growth in both brand awareness and sales • By positioning the brand’s differentiation around two core scenarios “lake-themed outdoor activities”(湖系户外) and “forest hiking”(森林徒步) and establishing a 3-tier content marketing matrix, combining pr
Slide 25: Appendix and Q&A
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Slide 26: Industry Overview & Outlook
Industry Overview & Outlook 1H 2026: Total retail sales of consumer goods +1.3% YoY Retail sales of clothes, shoes, hats & textiles +6.7% YoY 10.4% 7.0% 3.6% 3.8% 3.9% 2.8% 1.7% 0.2% 1.0% -0.6% Jan-Feb Mar Apr May Jun Growth rate of total retail sales of consumer goods (Jan–Jun 2026) * Source: Natio
Slide 27: Excellent R&D Capability
Excellent R&D Capability In 1H 2026, R&D expenditure accounted for 2.9% of the total revenue • As of 30 Jun 2026, the Group had obtained 1,506 patents and employed 789 R&D personnel Drive sustainable growth through technological innovation • Innovation driven: Upholding the philosophy of “profession
Slide 28: Leveraging International Sports Tournaments to Build Professional Brand Image
Leveraging International Sports Tournaments to Build Professional Brand Image via Targeted Investment Empowered by tournaments to strengthen professional Targeted investment to reach diverse consumer groups brand image Advertising and promotion expenses accounted for 9.5% of total revenue in Compreh
Slide 29: Shareholding Structure
Shareholding Structure 361 Degrees International Limited Total no. of issued shares (as of 30 Jun 2026): 2,167,682,000 Mr. Ding Mr. Ding Mr. Ding Mr. Wang Mr. Wang Public Wuhao Huihuang Huirong Jiabi Jiachen Shareholders 16.24% 15.53% 14.95% 7.79% 7.79% 37.70% 29
Slide 30: Q&A
Q&A
361 Degrees International — H1 2026 Earnings Presentation on 6ix