361 Degrees released its interim results, with profit attributable to equity holders of 926 million yuan, an increase of 8.0%.

date
18/08/2026
361 Degrees announced its interim results for 2026, reporting revenues of 6.16 billion yuan, a year-on-year increase of 8.0%; profit attributable to equity holders was 926 million yuan, also up 8.0%; and basic earnings per share were 44.4 cents. A mid-term dividend of 22.2 Hong Kong cents per share is proposed. According to the announcement, as of June 30, 2026, the Group had a total of 5,076 361 brand stores in mainland China. By region, approximately 76.3% of the stores are located in third-tier cities and below, while 5.3% and 18.4% of the stores are situated in first-tier and second-tier cities, respectively. The Group encourages distributors and authorized retailers to open larger stores and upgrade to the latest store designs, as well as to increase the proportion of new stores in shopping malls, department stores, and shopping centers. In the first half of 2026, the Group's store channel structure continued to optimize, with the latest tenth-generation and ninth-generation stores accounting for 74.9%. The terminal retail turnover showed strong growth, and in the future, the Group will continue to promote stable improvements in average store efficiency, reflecting the effectiveness of channel optimization.
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It is reported that following the requirement for new account openings to confirm that the source of funds comes from legal channels outside mainland China, some banks in Hong Kong have begun to initiate source of funds declaration procedures for certain existing mainland investment clients. Recently, HSBC Hong Kong has been sending notifications to some existing mainland investment clients, requiring them to submit the "Account Opening/Maintenance Declaration" via the HSBC Hong Kong App by September 12, and to update their contact information. The declaration includes confirmation that the funds for investment activities originate from legal sources outside mainland China, and that the bank may disclose personal information at the request of law enforcement or regulatory agencies, among other things. The notification also mentions that if the declaration is not submitted by August 20, investment-related services may be suspended; if not submitted by September 12, investment-related services may be terminated. In response, on August 18, a spokesperson for HSBC stated: "When managing investment client relationships, we adhere to relevant regulatory requirements. Therefore, we invite the concerned mainland investors to provide a self-declaration and confirm that the information they provide in the 'Know Your Customer (KYC)' and 'Customer Due Diligence' processes is current and valid. This helps us to continue providing uninterrupted services to our clients." HSBC emphasized that the latest declaration requirement applies only to investment service clients. (Everyday Economics)
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