HK Stock Market Move | XTEP INT'L (01368) rises more than 3% during trading, with annual retail sales of the main brand achieving high single-digit growth year-on-year.

XTEP INT'L (01368) rose more than 3% during trading hours, and at the time of writing, it was up 2.7% at 5.7 Hong Kong dollars, with a trading volume of 22.0168 million Hong Kong dollars. In terms of news, XTEP INT'L released the operating conditions of its mainland China business in the fourth quarter and the whole year of 2024. For the three months ending December 31, 2024, the retail sales of the Step main brand (including Wuxi Online Offline Communication Information Technology Co., Ltd. channel) achieved a high single-digit year-on-year growth, with retail discounts ranging from 30% to 25%. For the year ending December 31, 2024, the retail sales of the Step main brand (including the Wuxi Online Offline Communication Information Technology Co., Ltd. channel) achieved a high single-digit year-on-year growth, with channel inventory turnover of approximately four months; the retail sales of the group's brand Saucony in the fourth quarter of last year (including Wuxi Online Offline Communication Information Technology Co., Ltd. channel) increased by about 50% year-on-year, and last year's retail sales (including Wuxi Online Offline Communication Information Technology Co., Ltd. channel) increased by over 60% year-on-year.