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Xtep International Holdings Limited

特 步 國 際 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1368)

2019 INTERIM RESULTS ANNOUNCEMENT

The Board of Directors (the "Board") of Xtep International Holdings Limited (the

  • Company ") is pleased to announce the interim results of the Company and its subsidiaries (together referred to as the "Group") for the six months ended 30 June 2019. This announcement, containing the full text of the 2019 Interim Report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") in relation to information to accompany preliminary announcements of interim results.

To be the Chinese runners' favorite brand

ABOUT THE GROUP

Xtep International Holdings Limited (SEHK stock code: 1368) is a leading multi-brand sportswear company listed on the Main Board of the Hong Kong Stock Exchange on 3 June 2008. The Group engages mainly in the design, development, manufacturing, sales, marketing and brand management of sports products, including footwear, apparel and accessories. Established since 2001, its own signature brand "Xtep" is a leading professional sports brand with an extensive distribution network of over 6,300 stores covering 31 provinces, autonomous regions and municipalities across the PRC and overseas. In 2019, the Group has further diversified its brand portfolio which now includes four internationally acclaimed brands, namely K-Swiss, Palladium, Saucony and Merrell.

CONTENTS

  • Interim Results at a Glance
    4 Five-year Financial Summary
    5 Corporate Information
    6 Chairman's Statement
    8 Management Discussion and Analysis
    42 Corporate Governance and Other Information
    49 Report on Review of Interim Financial Statements
    50 Condensed Consolidated Income Statement
  1. Condensed Consolidated Statement of Comprehensive Income
  2. Condensed Consolidated Statement of Financial Position
  3. Condensed Consolidated Statement of Changes in Equity
  4. Condensed Consolidated Statement of Cash Flows
  5. Notes to Condensed Consolidated Interim Financial Statements

79 Glossary

INTERIM RESULTS AT A GLANCE

2019 Financial Highlights

Revenue

RMB 3,357m 23%

Operating profit

RMB 717m 21%

Profit attributable to ordinary equity holders

RMB 463 m 23%

Net Cash inflow from operating activities

RMB 422 m

(1H2018: RMB 225 m)

Net cash and cash equivalents

RMB 3,618 m

Interim dividend per Share

HK 12.5 cents

(Dividend payout ratio: 59.3%)

  • Xtep International Holdings Limited

2019 Operational Highlights

Number of Xtep branded stores in Mainland China and overseas as at 30 June 2019

6,31282 in 1H2019

Same store sales growth in 1H2019

Low-teens

Market share expansion via

Multi-brand portfolio

New Xtep brand celebrity spokesperson

Jeremy Lin

Interim Report 2019

3

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HKEx - Hong Kong Exchanges and Clearing Ltd. published this content on 21 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 August 2019 05:12:04 UTC