RIDGE OUTDOOR Shares Surge Over 10% in Afternoon Trading, Cementing Its Lead in Global Fishing Gear Market

Stock News03-12

RIDGE OUTDOOR (02720) experienced a significant rise of over 10% during afternoon trading. At the time of writing, the stock was up 7.06%, trading at HKD 27.3, with a turnover of HKD 3.2854 million. Public information indicates that RIDGE OUTDOOR is the global leader in fishing equipment manufacturing, securing the top global market share of 23.1% in 2024. From January to August 2025, the company reported revenue of RMB 460 million, an 18% year-on-year increase, and a net profit of RMB 56.24 million, up 20% year-on-year. The company has maintained collaborations exceeding ten years with major global brands such as Decathlon and Fox. Its products are sold in over 40 countries, with the European market accounting for 73% of sales. RIDGE OUTDOOR was listed on the Hong Kong Stock Exchange on February 10, raising HKD 330 million, with funds primarily allocated for brand enhancement and capacity expansion.

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