BUZZ-China sports group Xtep at 9-month low on weaker retail sell-through

Reuters01-23

** Shares of Chinese sports products maker and distributor Xtep International Holdings 1368.HK slip 3.3% to HK$5.06, the lowest since April 28

** Stock set for biggest one-day pct drop since December 29

** Xtep on Friday posted flat y/y growth in retail sell-through of its core Xtep brand for Q4 and a low single digit y/y growth for the whole of 2025

** That compared to a high single digit y/y growth in both Q4 and for the whole of 2024

** Retail sell-through helps retailers monitor inventory turnover, demand and sales efficiency with a high rate indicating strong demand and a low rate suggesting overstocking

** YTD, stock down 4.1%, while benchmark Hang Seng Index .HSI up 4.3%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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