Topsports International Holdings Ltd. has announced its annual results for the year ended 28 February 2025. The company reported a decline in revenue, which decreased by 6.6% to RMB 27,012.9 million from RMB 28,933.2 million in the previous year. The net profit for the year also saw a significant drop, falling to RMB 1,284.7 million compared to RMB 2,211.3 million the previous year. Earnings per share for the year were reported at RMB 20.74 cents, down from RMB 35.69 cents in 2024. The financial performance was impacted by weakening consumer demand and a continuous decline in footfall at offline stores. Despite these challenges, the company has strengthened its brand partnerships across recreational, leisure, performance sports, and IP culture categories. Topsports has also enhanced its presence in specialized segments such as professional running and outdoor experiences, aiming to deepen consumer connections and expand its product offerings. The company has established connections with over 80 million users by the financial year-end, focusing on delivering diverse products and richer experiential value to both mass and niche markets.
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