HK Stock Market Move | Intraday rise of over 4% for 361 DEGREES (01361), online sales in the first quarter exceeded market expectations, institutions are optimistic about the company's expansion in the outdoor category.

361 DEGREES rose over 4% during the trading day, rising 3.9% as of the time of writing to reach HK$7.19, with a trading volume of HK$1.44 billion. In terms of news, recently, 361 DEGREES released retail data for the first quarter of 2026. China-Thailand International pointed out that despite a high base of 35%-40% online growth in the first quarter of 2025, the company still achieved a year-on-year online revenue growth of 14%-16% during the same period this year, exceeding market expectations. The online channel is direct sales, with a stable discount rate of 4.0-4.5 times, with online exclusive products accounting for around 85%. By the end of the first quarter, the number of flagship stores had increased to 142, becoming the main force to drive sales. The bank believes that based on the company's revenue growth in the first quarter exceeding expectations, it is expected that future profitability will continue to grow through consolidating the core areas of basketball and running, actively seizing growth opportunities in outdoor categories, and accelerating overseas expansion policies.