TOPSPORTS (06110.HK) -0.290 (-9.385%) Short selling $36.44M; Ratio 10.168% subtracted after announcing its results. The stock opened flat this morning before seeing increased selling pressure, and once descended 7.1% to a low of $2.87 during the intraday trading session. It last printed at $2.92, down 5.5%, with a turnover of $57.37 million.TOPSPORTS' net profit for FY2025 ended February 2025 fell 42% YoY, in line with the Company's guidance, as the Company actively reduced inventory in 2HFY2025, HSBC Global Research issued a research report saying. Related NewsTOPSPORTS Full-yr NP Falls 41.9% to RMB1.286B; Final + Spec. DPS RMB14 CentsHowever, dividends were a positive surprise, with the Company declaring a final/ special DPS of RMB0.02/ RMB0.12 respectively, bringing the total annual DPS to RMB0.28, with a dividend payout ratio of 135%. Based on the annual dividend, the stock's yield reached 8.7%. Management has not committed to maintaining the same payout ratio as that in FY2025, but indicated that it would remain at a high level.HSBC Global Research cut its target price for TOPSPORTS from $2.9 to $2.8, with rating kept at Hold, believing that cash flow can support the upside potential for dividend during a sales downcycle and improve its dividend yield ratio.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-23 16:25.)Related NewsUBS Cuts TOPSPORTS (06110.HK) TP to $3.55, Rating Buy