In 2023, Xtep and Septwolves both reported strong financial performances. Xtep, a leading sports brand, achieved a revenue of 14.346 billion yuan, marking a 10.9% increase year-over-year, and a net profit of 1.03 billion yuan, up by 11.8%. Both figures set historical records for the company. On the other hand, Septwolves, primarily in the menswear business, reported a revenue of 3.445 billion yuan, a 6.7% increase year-over-year, with a net profit of 270 million yuan, up by 79.3%.