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Xtep International Holdings
(OTC:1368)
Xtep International Holdings (1368) vs. S&P 500 (SPY)
Xtep International Holdings Business Overview & Revenue Model
Xtep International Holdings Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 14.35B | 12.93B | 10.01B | 8.17B | 8.18B | Gross Profit |
| 6.05B | 5.29B | 4.18B | 3.20B | 3.55B | EBIT |
| 1.58B | 1.46B | 1.40B | 918.19M | 1.23B | EBITDA |
| 1.93B | 1.72B | 1.55B | 1.04B | 1.39B | Net Income Common Stockholders |
| 1.03B | 921.69M | 908.34M | 513.03M | 727.65M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 3.29B | 3.91B | 3.93B | 3.47B | 3.77B | Total Assets |
| 17.33B | 16.49B | 14.62B | 12.57B | 12.32B | Total Debt |
| 3.80B | 3.47B | 2.74B | 2.36B | 2.53B | Net Debt |
| 507.64M | 51.69M | -1.19B | -1.11B | -438.48M | Total Liabilities |
| 8.40B | 8.19B | 6.63B | 5.27B | 5.36B | Stockholders Equity |
| 8.86B | 8.24B | 7.93B | 7.22B | 6.89B |
| Cash Flow | Free Cash Flow | |||
| 759.21M | 193.03M | 33.96M | 109.07M | 678.26M | Operating Cash Flow |
| 1.25B | 571.83M | 701.35M | 320.11M | 778.08M | Investing Cash Flow |
| -915.03M | -872.60M | -328.63M | 573.37M | -2.04B | Financing Cash Flow |
| -461.44M | -236.10M | 96.26M | -380.36M | 1.04B |
Xtep International Holdings Technical Analysis
Xtep International Holdings Peers Comparison
Xtep International Holdings Corporate Events
Xtep International Holdings Limited announced the successful passing of all proposed resolutions at its Annual General Meeting held on April 28, 2025. Key resolutions included the approval of a final dividend, re-election of directors, re-appointment of auditors, and adoption of new share option and award schemes. These decisions are expected to bolster the company’s governance and operational strategies, potentially enhancing shareholder value and market positioning.
Xtep International Holdings Limited reported a mid single-digit year-on-year growth in retail sell-through for its core Xtep brand in Mainland China for the first quarter of 2025, with a retail discount level of 25%–30% and a channel inventory turnover of around four months. The Saucony brand experienced a significant increase of more than 40% in retail sell-through growth, indicating strong performance and potential market expansion.
Xtep International Holdings Limited has announced its proposal to adopt the 2025 Share Option Scheme and the 2025 Share Award Scheme, both subject to shareholder approval at the upcoming AGM. These schemes aim to incentivize eligible participants, including employees, by granting new shares, thereby enhancing the company’s ability to recruit, retain, and motivate high-caliber employees and align their interests with the company’s growth objectives.
Xtep International Holdings Limited has announced its annual general meeting to be held on April 28, 2025, where shareholders will consider various business matters. These include reviewing the company’s financial statements for 2024, declaring a final dividend, re-electing directors, and re-appointing auditors. Additionally, the meeting will address resolutions to authorize the board to allot and issue new shares, which could impact the company’s capital structure and shareholder value.
Xtep International Holdings Limited has announced significant changes in its executive leadership, effective from March 18, 2025. Mr. Yeung Lo Bun has been appointed as an executive director, transitioning from his previous role as chief financial officer, while Ms. Ding Lizhi will take over as the new chief financial officer. Mr. Yeung, who has been with the company since 2010, will now focus on formulating and implementing the Group’s global business strategy, fostering international cooperation, and accelerating overseas expansion. These leadership changes are expected to impact the company’s strategic direction and enhance its competitive positioning in the global sportswear market.
Xtep International Holdings Limited, a company incorporated in the Cayman Islands, has announced the composition of its board of directors and their respective roles and functions. The board includes executive directors, a non-executive director, and independent non-executive directors, with specific members assigned to four committees: Audit, Remuneration, Nomination, and Sustainability. This announcement provides clarity on the governance structure and may influence stakeholder perceptions regarding the company’s leadership and strategic direction.
Xtep International Holdings Limited reported a 6.5% increase in revenue from its continuing operations, reaching RMB13,577.2 million for 2024, driven by the steady performance of the core Xtep brand and substantial growth in the professional sports segment. The company achieved a record profit attributable to ordinary equity holders of RMB1,238.4 million, marking a 20.2% increase. Following the strategic divestiture of K•Swiss and Palladium, Xtep has realigned its strategy to prioritize running and enhance its direct-to-consumer initiatives, inspired by Saucony’s success, to foster brand loyalty and improve customer engagement.
Xtep International Holdings Limited announced a final ordinary dividend of HKD 0.095 per share for the financial year ending December 31, 2024. Shareholders have the option to receive this dividend in cash or as scrip shares, with further details on the scrip option to be announced. This announcement reflects the company’s commitment to returning value to its shareholders and may impact its financial strategy and shareholder relations.
Xtep International Holdings Limited announced the completion of a placement of existing shares and a top-up subscription of new shares, as well as the issuance of HK$500,000,000 in convertible bonds due in 2026. The placement involved 90,909,000 sale shares at HK$5.50 per share, and the new shares represent approximately 3.28% of the company’s total shares. The bonds are expected to be listed on the Vienna Stock Exchange, indicating a strategic move to enhance liquidity and financial flexibility.
Xtep International Holdings has announced a proposed placing of existing shares and a top-up subscription of new shares, alongside the issuance of HK$500,000,000 1.5% convertible bonds due 2026. This strategic move aims to raise capital for the company, potentially enhancing its market position and providing financial flexibility. The proposed placing involves 90,909,000 existing shares at HK$5.50 per share, representing approximately 3.39% of the company’s total shares. The issuance of convertible bonds, with a denomination of HK$2,000,000 each, marks a significant step in the company’s financial strategy, likely impacting stakeholders and indicating a focus on strengthening its financial base and expanding operational capabilities.