Hong Kong-listed Topsports International Holdings Limited (“Topsports,” stock code: 6110) published its unaudited interim results for the six months ended 31 August 2025. The company recorded revenue of RMB12,298.6 million, representing a 5.8% year-on-year decrease. Gross profit stood at RMB5,037.4 million with a gross profit margin of 41.0%. Operating profit totaled RMB993.8 million, while profit attributable to equity holders of the company reached RMB789.1 million, declining 9.7% compared to the previous year.

Management attributed part of the revenue contraction to continued offline sector challenges, partially offset by growth in the company’s online retail business. The operating profit margin was 8.1%, and the net profit margin attributable to equity holders stood at 6.4%. Basic earnings per share came in at RMB12.72 cents, compared with RMB14.09 cents in the same period last year.

The company maintained a net cash position as of the end of the period and announced an interim dividend of RMB13.00 cents per share. According to the announcement, the payout is scheduled on or about 18 December 2025 to shareholders on record as of 5 December 2025.

The interim report highlights Topsports’ continued efforts to optimize its physical store network while expanding its omni-channel capabilities. Online business delivered double-digit year-on-year growth, contributing a rising share of total sales. The announcement also noted that the company will persist in refining operational efficiency and digital integration across product, marketing, and membership operations, aiming to adapt to shifting demand dynamics in China’s sportswear market.