HK Stock Market Move | 361 Degrees (01361) rose more than 7% in the afternoon, with a net profit attributable to shareholders of 1.309 billion yuan for the year, a year-on-year increase of 14%.

361 DEGREES rose more than 7% in the afternoon, with a 6.27% increase at the time of publication, closing at 5.59 Hong Kong dollars, with a turnover of 331.955 million Hong Kong dollars. On the news front, 361 DEGREES released its annual performance during the afternoon, with the group's revenue reaching 11.146 billion RMB, a year-on-year increase of 10.64%; the profit attributable to shareholders was 1.309 billion RMB, a year-on-year increase of 13.95%. The board of directors proposed a dividend of 11.3 Hong Kong cents per ordinary share for the end of the review period, with a full year dividend payout ratio of 45.0%. The announcement showed that stable demand for adult and children's products was the main driver of revenue growth. In particular, revenue from the children's business grew by 10.4% year-on-year to 2.583 billion RMB, accounting for 23.2% of total revenue. E-commerce revenue reached 3.286 billion RMB, up 25.9% year-on-year and accounting for 29.5% of total revenue. Management mentioned that continuous market strategy and integration of e-commerce channels have supported performance improvement.