Top Sports International (06110.HK) reported revenue of 10.913 bln yuan for the
six months ended Aug. 31, 2026, down 11.3% YoY, and profit attributable to
owners of 663 mln yuan, down 16.0% YoY. Management said a persistently weak
consumption environment presents significant near-term challenges, with material
short-term impact to revenue and profit; it will continue to assess and is
taking a cautious stance on near-term operations. Management described Nike’s
recent online-channel adjustments as a channel-strategy shift amid industry
restructuring that does not change their cooperation or offline partnership. Top
Sports said it understands Nike’s online-channel cleanup and brand-rebuilding
efforts and is in ongoing talks with Nike over inventory buybacks and
promotional subsidy support.
