HK Stock Market Move | 361 Degrees (01361) rose over 4% in the afternoon, with a nearly 20% increase in annual net profit compared to last year. The company is actively expanding into international markets.

361 DEGREES(01361) rose over 4% in the afternoon, reaching a 3.53% increase at the time of writing, at 4.69 Hong Kong dollars, with a turnover of 62.1213 million Hong Kong dollars. On the news front, 361 DEGREES released its 2024 annual performance, with revenue reaching 10.07 billion yuan, a year-on-year increase of 19.6%. The net profit attributable to equity holders amounted to 1.1486 billion yuan, a 19.5% increase. Basic earnings per share were 55.6 cents, with a proposed final dividend of 10.0 Hong Kong cents per ordinary share. Revenue from the 361 Kids business continued to grow, with strong sales of footwear and clothing products. During the period, the Group had 1,365 sales outlets in overseas markets, covering the Americas, Europe, and the Belt and Road regions. The international business of 361 DEGREES generated revenue of 185.3 million yuan, accounting for approximately 1.8% of the group's total revenue. The announcement stated that the group is actively expanding in international markets to enhance its brand's international visibility. 361 DEGREES products are gradually gaining reputation in overseas markets. In April 2024, the 361 DEGREES international e-commerce website officially launched, becoming a new window for global consumers to learn about 361 DEGREES products, marking a further improvement in the brand's internationalization strategy. In January 2025, 361 DEGREES opened its first overseas flagship store in Kuala Lumpur, Malaysia, marking an important step for the brand in the Southeast Asian market.