361 DEGREES (01361), as one of the leading sports footwear and apparel companies, has demonstrated excellent performance growth. The company is projected to achieve net profits attributable to shareholders of 12.61/14.20/15.88 billion yuan for 2025-2027, with the current price corresponding to a 2025 PE ratio of 10x, maintaining a "Buy" rating.

361 DEGREES disclosed its Q3 2025 operational performance announcement, showing excellent growth across all channels. According to company disclosures, Q3 2025 saw approximately 10% growth in offline channel revenue for 361 DEGREES adult apparel line, around 10% growth in children's wear offline revenue, and approximately 20% year-over-year growth in e-commerce revenue, demonstrating overall excellent performance. Meanwhile, operational conditions remained stable, with offline channel inventory-to-sales ratio expected to maintain between 4.5-5, consistent with the end of Q2 2025.

Looking ahead to 2025, the company is projected to achieve 11.4% revenue growth and 9.8% growth in net profit attributable to shareholders. Against the backdrop of continuously improving product capabilities and channel operational efficiency from Q1 to Q3 2025, the company has achieved steady sales performance. Taking into comprehensive consideration the company's previous order conferences, 2025 revenue growth is projected at 11.4%, with net profit attributable to shareholders growing 9.8%.