Changes in Hong Kong stocks | Taobo (06110) fell nearly 5%, and the total sales amount of retail and wholesale business in the third fiscal quarter fell by a high number of units year on year

The Zhitong Finance App learned that Taobo (06110) fell by nearly 5%. As of press release, it was down 4.81% to HK$2.97, with a turnover of HK$377.731 million.

According to the news, Taobo announced that in the third quarter of the 2025/26 fiscal year, the total sales amount of the Group's retail and wholesale business achieved a high year-on-year decline in units. As of November 30, 2025, the gross sales area of direct-run stores decreased by 1.3% compared to the end of the previous quarter and 13.4% compared to the same period last year.

According to the CICC Research Report, the sports footwear market performance has been relatively weak since the third quarter. The total sales amount of 3QFY26 Taobo's retail and wholesale business fell by a high number of units year on year, which is in line with the company's previous expectations. Considering weak demand and major brands still in the adjustment period, Taobo's FY26/27 EPS forecast was lowered by 4%/13% to 0.20/0.23 yuan.