361 DEGREES INT. (01361) 4Q2021 Recorded High Teens Growth Strong momentum in Kids’ segment, Lower-Tier Retail Market February 24, 2022 141

PSR Recommendation: BUY Status: Initiation
Target Price: HKD5.29

Company Profile
Established in 2003, 361 Degrees International Limited (361 Degrees) is an integrated
sportswear enterprise which principally engages in brand management, research and
development, design, manufacturing and distribution in China and across the globe. Its
comprehensive product portfolio comprises footwear, apparel, accessories under the 361°
Core brand, 361° kids brand, and ONE WAY, an authentic Finnish brand focuses on higher
functional and more specialized outdoor products. operates a distributorship business model
through the first-tier exclusive distributors and second-tier authorized retailers to manage an
extensive distribution network of over 6,000 retail stores across China and the world. It has
established a leading position in third-tier and lower-tier cities in China.

About the author

Profile photo of Eric Li

Eric Li
Analyst
Research

李浩然先生(Eric Li) 高級分析師 現任現為輝立証券持牌高級分析師,曾任職股票基金、家族辦公室及證券公司等,擁有多年的證券研究部門從業及投資經驗,並先後於香港最暢銷的財經媒體撰寫投資專欄。畢業於香港理工大學電子計算系。 Eric is currently a licensed research analyst at Phillip Securities. Prior to joining Phillip Securities, he has years of equity research and investment experiences in asset management company, family office and securities company. Meanwhile, he has written investment columns in Hong Kong`s best-selling financial media for years. He holds Bachelor of Arts in Computing from The Hong Kong Polytechnic University.

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