---
title: "In \"Major Banks,\" CICC raises the target price of 361 DEGREES to 8.15 yuan, maintaining an \"outperform industry\" rating"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283079897.md"
description: "CICC released a report stating that 361 DEGREES had a good operating performance in the first quarter of 2026, with the main brand and children's clothing offline sales both growing by approximately 10% year-on-year, and e-commerce platforms achieving mid-double-digit growth. Overseas business continues to advance, with sales performance exceeding that of 2025. CICC maintains its earnings per share forecast for 2026/2027 and raises the target price by 15% to HKD 8.15, maintaining an \"outperform industry\" rating"
datetime: "2026-04-17T02:24:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283079897.md)
  - [en](https://longbridge.com/en/news/283079897.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283079897.md)
---

# In "Major Banks," CICC raises the target price of 361 DEGREES to 8.15 yuan, maintaining an "outperform industry" rating

CICC published a report stating that 361 Degrees (01361.HK) announced its operational situation for the first quarter of 2026, with the main brand and children's clothing offline revenue both growing by approximately 10% year-on-year, and e-commerce platform revenue achieving a mid-double-digit growth year-on-year.

The report indicated that 361 Degrees continued its steady growth trend in the first quarter, with overseas business continuing to advance. Driven by factors such as the staggered Spring Festival and major events, the overall industry performed well, with both the main brand and children's clothing offline revenue achieving approximately 10% year-on-year growth from a solid base, continuing the previous positive trend. The overseas business maintained the positive growth momentum from 2025 in the first quarter, achieving good breakthroughs in the Southeast Asian and European markets, with over 1,200 sales outlets established offline overseas. At the same time, cross-border e-commerce showed strong growth momentum, performing better than in 2025.

CICC maintained its earnings per share forecast for 361 Degrees at RMB 0.72 and RMB 0.79 for 2026/2027, and maintained the "outperforming the industry" rating. Considering the industry recovery and better sales performance driving valuation, the target price was raised by 15% to HKD 8.15

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