$XTEP INT'L (01368.HK)$ In the afternoon, it rose over 7%. As of the time of this report, it increased by 7.35%, priced at 5.26 Hong Kong dollars, with a transaction amount of 77.621 million Hong Kong dollars.

In terms of news, XTEP INT'L previously announced the operational status of its business in Mainland China for the first quarter of 2025. The retail sales growth of the XTEP main brand achieved mid-single-digit year-on-year growth, with retail discount levels around 70 to 75%, and channel inventory turnover of about four months. The retail sales growth of Saucony achieved over 40% year-on-year growth.

Morgan Stanley released a report stating that XTEP management revealed that due to overseas sales contributing less than 1%, the business proportion in the USA market is limited. Additionally, since Saucony's supply chain is primarily located in China and Southeast Asia, it is believed that tariff impacts are limited. The guidance remains for a profit growth of over 10% for the fiscal year 2025, while the preparations for a direct-to-consumer transformation are progressing as planned. As of April, retail sales performance met company expectations, with inventory and discounts remaining stable.

Editor/Rocky