Xtep International Holdings Limited

Xtep International Holdings Limited

0.42
EUR
-0.01
(-1.89%)
1.55BMarket Cap
Mar 23Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2
2.19
2.46
2.44
2.36
2.94
3.46
3.32
4.01
5.14
5.01
5.34
5.3
- -
Basic EPS, GAAP
0.28
0.22
0.29
0.24
0.19
0.3
0.31
0.21
0.36
0.37
0.4
0.49
0.51
- -
Free Cash Flow per Basic Share
0.2
-0.03
0.32
0.1
0.17
0.01
0.29
0.04
0.01
0.08
0.3
0.33
0.25
- -
Dividend per Share
0.2
0.13
0.15
0.18
0.12
0.21
0.18
0.11
0.14
0.22
0.18
0.57
0.23
- -
Book Value per Share
2.07
2.16
2.21
2.23
2.35
2.4
2.78
2.91
3.17
3.27
3.5
3.38
3.75
3.75
Tangible Book Value per Share
2.07
2.13
2.18
2.22
2.34
2.37
2.01
2.3
2.6
2.66
2.88
3.37
3.73
3.73
Basic Weighted Avg Shares
2,177
2,177
2,149
2,210
2,170
2,175
2,368
2,463
2,499
2,518
2,545
2,545
2,671
2,684
Sales/Revenue/Turnover
4,343
4,778
5,295
5,397
5,113
6,383
8,183
8,172
10,013
12,930
12,743
13,577
14,151
- -
Operating Margin (%)
18.26
14.43
15.7
16.16
12.75
14.88
12.86
9.56
12.66
10.25
12.95
13.73
12.73
- -
Depreciation Expense
49
45
57
59
68
92
136
166
169
241
305
375
298
- -
Net Income, GAAP
606
478
623
528
408
657
728
513
908
922
1,030
1,238
1,372
- -
Effective Tax Rate (%)
30.09
36.91
28.73
33.8
33.45
31.37
34.76
33.69
30.88
32.97
24.87
31.34
30.5
- -
Profit Margin (%)
13.95
10.01
11.76
9.78
7.98
10.29
8.89
6.28
9.07
7.13
8.08
9.12
9.69
- -
Working Capital
3,996
4,597
4,084
4,188
5,393
4,782
5,595
5,693
6,379
5,274
6,152
5,947
7,071
7,071
LT Debt
175
617
121
- -
1,019
461
1,376
1,646
2,235
708
2,244
1,789
1,263
1,263
Total Equity
4,508
4,710
4,872
5,023
5,329
5,331
6,960
7,299
7,982
8,307
8,923
8,703
10,203
10,203
Return on Invested Capital (%)
10.96
8.26
10.41
9.82
7.53
10.6
10.03
6.55
9.73
8.95
11.32
11.33
11.69
- -
Return on Capital (%)
11.51
8.16
10.17
8.48
6.41
10.11
9.7
6.25
9.71
9.01
9.44
10.85
11.83
- -
Return on Common Equity (%)
13.8
10.38
13.04
10.77
8.02
12.45
11.91
7.27
11.99
11.4
12.04
14.1
14.51
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
1,239
1,158
1,397
LT Borrowings
1,724
1,235
1,139
LT Finance Leases
65
56
124
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,577
2,676
2,724
Market Capitalization
13,610
13,555
12,762

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
11,230
12,710
12,222
Cash, Cash Equivalents & STI
2,979
3,745
3,911
Accounts Receivable, Net
4,597
4,844
4,744
Inventories
1,596
2,255
1,829
Total Current Liabilities
5,283
5,774
5,151
Payables & Accruals
- -
- -
- -
ST Debt
1,239
1,158
1,397
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.03%
7.12%
17.24%
Free Cash Flow
383.55%
136.69%
-18.43%
Net Income, GAAP
12.55%
24.25%
10.75%
Sales/Revenue/Turnover
11.05%
12.2%
4.23%
Total Cash Common Dividend
23.92%
43.5%
-57.75%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
12,743
2024
- -
- -
13,577
2025
- -
- -
14,151

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.4
2024
- -
- -
0.49
2025
- -
- -
0.51

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.18
2024
- -
- -
0.57
2025
- -
- -
0.23

Company Description

CEO
Shui Po Ding
Full Time Employees
8,800
Sector
Consumer non-durables
Industry
Apparel/Footwear
Address
Xiamen Xtep Tower Xiamen FU China 361008
IPO Date
Jun 3, 2008
Business
Xtep International Holdings Limited (SEHK:1368), founded in 1987 and headquartered in Xiamen, China, designs, develops, manufactures, markets, and sells sports footwear, apparel, and accessories for adults and children, primarily under its core Xtep brand targeting the mass market alongside Saucony and Merrell brands serving professional sports and outdoor segments; it operates through mass market and professional sports divisions with products distributed via over 8,000 stores and online channels across Asia-Pacific, Europe, the Middle East, and Africa. The company maintains advanced manufacturing facilities including 27 design centers and over eight plants with annual capacity exceeding 40 million units, emphasizing running technologies such as the 160X series, XDNA premium line, and eco-friendly apparel; its brand portfolio focuses on running, basketball, athleisure, and outdoor categories with innovations like China's first running research laboratory and biodegradable windbreakers. In 2024, Xtep executed a strategic divestiture of its underperforming subsidiary KP Global Investment Limited—owner of K-Swiss and Palladium brands—to controlling shareholder Ding Shui Po and family for US$151 million, accompanied by convertible bond restructurings including a new HK$500 million issuance to Hillhouse Capital at 3.5% coupon and a special dividend distribution, enabling focus on profitable core brands; the firm also launched next-generation 160X 7 championship running shoes incorporating four advanced technologies, the QING YUN cushioning series, professional running gear, and upgraded its kids' positioning to X Young while posting 2024 revenue growth of 6.5% to RMB13,577 million and record net profit up 20.2% to RMB1,238 million, with professional sports revenue surging 57.2% to RMB1,250 million.

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