According to statistics released by 361°, there are currently more than 5,900 retail outlets in 31 provinces and cities in the Mainland. The company plans to increase its sales network to more than 6,900 in June 2010 and plans to open 25 flagship stores. 361 ° forecast, as of the end of June this year, the company's annual gross profit was 348 million yuan, an increase of 3.51 times over the same period in 2007. Gross profit margin was 26.42%, an increase of 5.78 percentage points from 20.64% in the same period of 2007.

Gross profit of approximately 348 million yuan for the year

According to statistics released by 361°, there are currently more than 5,900 retail outlets in 31 provinces and cities in the Mainland. The company plans to increase its sales network to more than 6,900 in June 2010 and plans to open 25 flagship stores. 361 ° forecast, as of the end of June this year, the company's annual gross profit was 348 million yuan, an increase of 3.51 times over the same period in 2007. Gross profit margin was 26.42%, an increase of 5.78 percentage points from 20.64% in the same period of 2007.

In addition, 361° projected that this year's annual capital expenditure will be RMB 150 million, which is mainly used to purchase land use rights and construction costs of the related plants.

It is understood that the 361° listing is expected to raise funds of HK$1.7412 billion, of which 39% will be used for advertising, sponsoring major sports activities and marketing to develop and enhance the brand awareness of the company, and 32% for the development of the company's factory buildings in Fujian Province; The rest is used for research and development and general working capital.

June 30 Listed on Hong Kong Main Board

“The 361° will focus on the mainland market and there is currently no plan to enter overseas markets,” said Xia Youqun, vice president. It is understood that 361° will start the children's wear business next year, and it is expected that it will bring profit contribution in the next year or two.

As for the profit model of Li Ning [20.00 -0.50%], ANTA Sports [8.21 0.12%] and China Dongxiang [4.84 -0.82%] already listed on the Hong Kong stock market, the future direction of 361° will inevitably be used by the capital market. Comparing enterprises such as Li Ning, Xia Youqun said that because the company’s product positioning mainly focuses on consumer groups aged 16 to 25, its customer base is also the core in promotion and packaging, and it is different from general sports equipment manufacturers.

It is understood that the specific time of the IPO is June 18th - June 23rd, and June 30th in Hong Kong.