China Dongxiang (Group) Co., Ltd. (SEHK: 3818; OTC: CDGXY) is a leading international sportswear brand enterprise based in China that designs, develops, markets, and wholesales branded sportswear, footwear, and accessories primarily under the Kappa and Phenix brands. The company offers Kappa-brand products including trendy running shoes, skate shoes, retro-running shoes, apparel, and accessories focused on fashion sportswear for younger demographics; Phenix-brand professional ski equipment, functional apparel, lifestyle products such as WARM HUG MID shoes, and the newly co-developed PARS (phenix Active Rescue System) satellite-based rescue technology with utility model patent certification for the 2025/26 ski season. It operates through an omni-channel network encompassing over 975 Kappa stores and various Phenix retail channels as of September 2025, alongside e-commerce, franchise fees, and investments in financial assets and treasury products; additional activities include children's clothing, hotel management, tourism, and real estate development. Founded in 2002 and headquartered in Beijing, China, the company primarily serves the domestic market with operations extending to Japan and internationally. In recent developments, China Dongxiang reported FY2025/26 interim revenue of RMB748 million with net profit growth of 48.9% year-over-year, recommended an interim dividend of RMB2.08 cents per share, enhanced Kappa marketing via offline events and cross-sector partnerships driving membership growth, expanded Phenix sponsorships to over 20 university ski teams including Tsinghua and Peking University, entered nationwide indoor ski venues, and upgraded collaborations such as the immersive brand symbiosis with Wanlong Ski Resort.