Topsports International Holdings Ltd

06110: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Topsports Earnings: Deepening Discounts Signal No Near-Term Turnaround; Valuation Cut 25%

Ivan Su , Junhao Yang

Oct 29, 2026

Topsports' revenue declined 11% in the first half of fiscal 2027 (ending March), while net profit fell 16% as gross margin contracted 90 basis points to 40.1%. Despite weaker earnings, management declared an interim dividend of CNY 0.11 per share, representing a 103% payout ratio.

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United States

Topsports International Holdings Ltd

Topsports Earnings: Deepening Discounts Signal No Near-Term Turnaround; Valuation Cut 25%

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