HK Stock Market Move | 361 DEGREES (01361) rises over 3%; the company's third-quarter channel sales still maintain steady growth momentum, with overseas business expanding rapidly

361 DEGREES (01361) rose over 3%, up 2.58% as of press time at HK$4.77, with a turnover of HK$4.9747 million. On the news front, 361 DEGREES recently disclosed its third-quarter operating data. China Securities Co.,Ltd. noted that according to the company's 2026Q3 operating announcement, in 2026Q3 the company's main brand offline, children's wear offline, and e-commerce platform gross merchandise value recorded positive growth of mid-single-digit, mid-single-digit, and mid-to-high-single-digit, respectively. Despite the impact of the consumption environment and weather in Q3, the company's channel gross merchandise value across all channels maintained a steady growth momentum. The company's online focus is on exclusive products, hit products, and co-branded merchandise, and emerging social platforms are estimated to contribute higher growth rates, with the e-commerce channel balancing gross merchandise value growth and profitability quality. The bank continued to note that in 26Q3, domestic super stores numbered 208 (21 new additions in the quarter) and overseas super stores numbered 2. In 26H1, the company's super stores cumulatively reached 188, a net increase of 61 compared with the end of 25 (152 for the main brand, 35 for children's, and 1 overseas), among which the proportion of new customer acquisition at super stores continued to rise, driving store efficiency and profitability improvement. Regarding overseas business, it is estimated that 26Q3 continues the relatively fast growth momentum of overseas business in 26H1. Currently, directly operated stores in Southeast Asia are operating well, with 2 overseas super stores already opened in Cambodia, and the company is gradually building a second growth curve overseas.