HK Stock Market Move | RIDGE OUTDOOR(02720) up more than 10% in the afternoon. The company is the world's leading manufacturer of fishing equipment, with a stable market share ranking first globally.

RIDGE OUTDOOR (02720) rose more than 10% in the afternoon, rising 7.06% to HK$27.3 as of the time of writing, with a turnover of HK$3.2854 million. Public information shows that as a leading global fishing equipment manufacturer, RIDGE OUTDOOR held a stable global market share of 23.1% in 2024, ranking first in the world. In the period from January to August 2025, the company achieved revenue of 460 million yuan, an increase of 18% year-on-year, and a net profit of 56.24 million yuan, an increase of 20% year-on-year. The company has cooperated with global leading brands such as Decathlon and Fox for over 10 years. Its products are sold to more than 40 countries, with the European market accounting for 73%. The company was listed on the Hong Kong Stock Exchange on February 10th, raising HK$330 million, with the funds mainly used for brand upgrades and production capacity expansion.