361 Degrees International Ltd. · HKEX:1361
361 Degrees International — FY2025 Earnings Presentation
38 slides from 361 Degrees International's earnings presentation, March 2026
Slide 1: Annual Results
Annual Results 361 Degrees International Limited Stock Code: 1361.HK March 2026
Slide 2: Content
Content 01 02 03 04 05 Financial Brand Business Appendix Q&A Review Building Review
Slide 3: 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 annual results for the year ended 31 December 2025 and may not be reproduced or redistributed. In particular, these presentat
Slide 4: President’s Speech
President’s Speech Anchor Global Strategy Build brand roots with professionalism Optimise Operations Forge resilient growth through innovation Deepen Sports Focus Drive future progress with technology 4
Slide 5: Investment Highlights
Investment Highlights Deepen the global sports event ecosystem to reinforce our leadership as a professional brand Focus on breakthroughs in core technologies to build long-term product competitive barriers Innovate retail formats at the point of sale to enhance channel operations and sales efficien
Slide 6: Financial Review
Financial Review “Flying Flame 5” Professional Marathon Racing Shoes
Slide 7: Financial Highlights
Financial Highlights Revenue Revenue Total Revenue from 361º Kids from E-commerce 11% 10% 26% RMB 11.1 Billion RMB 2.6 Billion RMB 3.3 Billion Profit Attributable to Net Cash Generated from Final Dividend Equity Holders Operating Activities Payout Ratio 14% 1067% 45% RMB 1.3 Billion RMB 0.8 Billion
Slide 8: Financial Overview
Financial Overview RMB mn 2025 2024 Change Revenue 11,145.8 10,073.5 +10.6% Gross profit 4,628.5 4,183.3 +10.6% Operating profit 1,767.1 1,576.2 +12.1% Profit attributable to equity holders 1,308.9 1,148.6 +14.0% Basic EPS (RMB cents) 63.3 55.6 +13.8% Profitability Ratios (%) Gross profit margin 41.
Slide 9: Revenue Analysis
Revenue Analysis Revenue Breakdown 11,145.8 Amount: RMB mn / (% of revenue) Accessories and 10,073.5 Shoe Soles: 561.7 (5.1%) Accessories and 1,119.9 Shoe Soles: 8,423.3 1,211.3 383.3 (3.8%) Accessories and Apparel: Shoe Soles: 4,542.5 (40.7%) 302.3 (3.6%) Apparel: 3,422.6 988.3 4,304.5 (42.7%) 3,09
Slide 10: Gross Profit and Gross Profit Margin Analysis
Gross Profit and Gross Profit Margin Analysis Gross Profit and Gross Profit Margin (“GPM”) GPM of Adults Products % Amount: RMB mn / % 42.9% 43.0% 41.5% 41.5% 42.4% 41.1% 42.4% 4,628.5 41.3% 4,183.3 125.1 40.5% 473.0 103.2 2023 2024 2025 3,462.2 508.1 Adults-Footwear Adults-Apparel 77.7 1,451.8 416.
Slide 11: Major Operating Expenses Analysis
Major Operating Expenses Analysis % of revenue 12.7% 12.8% 10.5% 9.2% Advertising & promotional expenses 8.5% 8.4% Salary & welfare 3.7% 3.4% 3.4% R&D expenses 2023 2024 2025 Selling and Distribution Expenses Administrative Expenses RMB mn 2025 2024 Change RMB mn 2025 2024 Change Advertising & promo
Slide 12: Profit Attributable to Equity Holders Analysis
Profit Attributable to Equity Holders Analysis Profit Attributable to Equity Holders Return on Shareholders’ Equity Amount: RMB mn % 13.5% 12.4% 11.3% 1,308.9 2023 2024 2025 1,148.6 Dividend Payout Ratio 961.4 Amount: RMB mn / % 45.0% 45.0% 40.2% 516.9 589.0 386.1 2023 2024 2025 2023 2024 2025 12
Slide 13: Balance Sheet Overview
Balance Sheet Overview RMB mn As at 31 December 2025 As at 31 December 2024 Change Current assets 12,827.3 12,058.0 +6.4% Current liabilities 3,836.3 3,362.7 +14.1% Net current assets 8,991.0 8,695.3 +3.4% Equity attributable to owners of the Company 10,078.1 9,375.2 +7.5% Net asset value per share
Slide 14: Working Capital Cycle Analysis
Working Capital Cycle Analysis Working Capital Turnover Days 149 149 存货 and bills receivables Trade 应收账款及应收票据 117 Inventories 107 应付账款及应付票据 88 Trade and bills payables 列1 74 2024 2025 Trade and Bills Receivables - Ageing Analysis RMB Million / % As at 31 December 2025 As at 31 December 2024 Within 9
Slide 15: Liquidity Analysis
Liquidity Analysis Cash Flow RMB mn 2025 2024 Profit before tax 1,756.6 1,562.8 Adjustment of non-cash profit and loss and items from non- 180.9 90.6 operating activities Change in inventories 31.0 (759.9) Change in trade and bills receivables (394.8) (598.4) Change in trade and other payables 231.6
Slide 16: Capital Strength
Capital Strength Financial Resources RMB mn As at 31 December 2025 As at 31 December 2024 Change Pledged bank deposits 9.2 8.7 +5.7% Bank deposits, cash and cash equivalents 4,093.8 4,254.2 -3.8% Total cash 4,103.0 4,262.9 -3.8% Total bank borrowings (299.0) (261.2) +14.5% Net cash (including bank d
Slide 17: Brand Building
“AG6” Aaron GORDON’s Brand Signature Shoes Aaron GORDON Building Brand Ambassador of 361°
Slide 18: Technology-Driven, Brand-Focused, Dedicated to Professional Excellence
Technology-Driven, Brand-Focused, Dedicated to Professional Excellence 361°: Leverage technological innovation as core driving force, 361° continuously propels high-quality corporate development, dedicated to providing consumers with high-value, professional-grade sporting products Embrace the brand
Slide 19: Brand Milestones
Brand Milestones 2022 • 361° launched its racing family running 2003 shoe matrix • 361° brand was established 2021 • 361° was the first in the industry to put • Received the Outstanding forward the “carbon capture” concept Contribution Award of the Asian Games from the Olympic Council 2023 of Asia •
Slide 20: International Competitions Empower the Brand’s Elevation
International Competitions Empower the Brand’s Elevation Shine on the Global Sporting Stage, Demonstrate the Commitment of a Chinese Brand 361° integrates its brand spirit “ONE DEGREE BEYOND” – into the international sporting arena, supporting global sport through professional equipment and exceptio
Slide 21: Deepening and Enriching Brand Resources
Deepening and Enriching Brand Resources In 2025, A&P Expenses Accounted for 10.5％ of the Group’s Total Revenue Large-scale Sports Events Diverse Strategic Partnerships • Large-scale games: Asian Winter Games • Partnered with Standard Robots to boost the Harbin 2025, Aichi-Nagoya Asian Games brand’s
Slide 22: Comprehensive Rollout of Proprietary Events
Comprehensive Rollout of Proprietary Events Proprietary Innovation Drives Event Upgrades, Empower Brands to Break Through “3# - Track 10 “Light Up” Proprietary “Women’s Fitness Gym” “Swing as One” Citywide Kilometres Race” Basketball Event “Meet Up on Skateboards” Badminton Tournament Offline Activi
Slide 23: Business Review
Business LIN Guipu Badminton Promotion Review Ambassador of 361°
Slide 24: 361° Product - Running
361° Product - Running Full-stage Runner Coverage Race-tested Validation Performance-driven Innovation • Built four-tier products matrix: covered Top Speed, Professional Speed, Track Training, and Comfortable Running, met runners' needs throughout every stage, 361° Empowers Runners to Excel Globally
Slide 25: 361° Product - Basketball
361° Product - Basketball Leverage Ambassador Assets Strengthen Brand Building and Global Growth • Signed Nikola JOKIĆ, Aaron GORDON, and Spencer DINWIDDIE as ambassadors to reinforce professional credibility “JOKER2” Launched in the US • Linked ambassadors with product launches and tours: GORDON’s
Slide 26: 361° Product - Training and Lifestyle
361° Product - Training and Lifestyle Spot Trends & Expand into Pop Culture Strengthen Sport-lifestyle Positioning • Expanded “Lightweight Adventure” range with sun-protection gear and jacket; promoted via multi-scenario events to reinforce urban outdoor, commute and fashion use • Hosted “Meet Up on
Slide 27: 361° - Sales Overview
361° - Sales Overview Sales Network • The group has 6,647 points-of-sale worldwide, of which 5,394 are located in mainland China • The average store size has reached 165㎡, reflecting 16㎡ increase from the end of 2024 Retail Sales Performance The 10th-Generation Store Super Premium Store • Retail sal
Slide 28: 361° Kids Product
361° Kids Product Setting a Benchmark in Youth Sports with Dual Engines of High-performance Products and Professional Capabilities Leveraging Event–resource Synergies to Strengthen the Positioning of 361º Kids as a “Youth Sports Expert” • In 2025 World Rope Skipping Championships, partnering with th
Slide 29: 361° Kids - Sales Overview
361° Kids - Sales Overview In 2025, Revenue of 361° Kids Business Reached 2.6 Billion, Accounted for 23.2% of the Group’s Total Revenue 39.8% Sales Network 60.2% Channel Mall & department Stores: 1,422 • The Group has 2,364 points-of-sale for 361º Kids business in mainland China Mix Street Level Sto
Slide 30: 361° E-commerce Operations Overview
361° E-commerce Operations Overview In 2025, Revenue from E-commerce Amounted to 3.3 Billion Accounted for 29.5％ of the Group’s Total Revenue Business Positioning E-commerce Retail Performance • Focusing on all-category mass sports products to build an online–offline integrated digital • During majo
Slide 31: 361° Overseas Operations & ONEWAY Overview
361° Overseas Operations & ONEWAY Overview Overseas Channel Network Steadily Expanding • 361º has 1,253 POSs outside mainland China, with a network covering the Americas, Europe, and the “Belt and Road Initiative” regions • 361° international business recorded 125.4% year-on-year increase in retail
Slide 32: Appendix
ZHANG Doudou Brand Ambassador of 361° Appendix SUN Yang Brand Ambassador of 361°
Slide 33: Excellent Research and Development Capability
Excellent Research and Development Capability In 2025, R&D Expenditure Accounted for 3.4％ of the Group’s Total Revenue • As of 31 December 2025, the Group had obtained 1,101 patents and employed 843 R&D personnel • By utilising technology as the primary driver of continuous growth, 361° strives for
Slide 34: Group Recognition
Group Recognition R&D • 2025 Top Ten Textile Innovation Products • “Golden Award” and “Silver Award” at the 2025 London Design Awards • German IF Design Award in 2025 • “2025 Honourary Award” at Switzerland FIT Sport Design Award • “Most Influential Designs in the Global Field” at the 2025 MUSE Desi
Slide 35: Sustainable Development
Sustainable Development Environment Society Governance ESG-related Awards Continuously Driving Actively Fulfilling Continuously Improving ⚫ Gold Seal for the Pilot Programme Green Product Innovation Social Responsibility Corporate Governance Structure on Sustainability-related Financial ⚫ 361º launc
Slide 36: Shareholding Structure
Shareholding Structure 361 Degrees International Limited Total Number of Issued Shares (As of December 31, 2025): 2,067,682,000 Mr. Ding Mr. Ding Mr. Ding Mr. Wang Mr. Wang Public Wuhao Huihuang Huirong Jiabi Jiachen Shareholders 17.03% 16.29% 15.67% 8.16% 8.16% 34.69% 36
Slide 37: Industry Outlook
Industry Outlook 1 2 3 Sports and Health Industry Moving Toward Policy-Driven Industry Upgrade Technology Empowerment High-Quality Development Driving Diverse Demand • The government advances the national fitness strategy, • China’s sports and fitness industry is entering a new • Rising demand for f
Slide 38: Q&A
GUAN Yousheng 361° Running Ambassador Q&A WANG Jiahao 361° Running Ambassador
361 Degrees International — FY2025 Earnings Presentation on 6ix