HONG KONG: Chinese sportswear major ANTA Sports Products Limited, released its interim results Monday for the year 2019, setting a record-breaking performance.
As of now, several core business indicators are ranked on the forefront of the industry across China, showing an excellent achievement.
The company’s several core performance indicators have not only set a new record in some individual items, but also achieved high growth for the last six consecutive years as the largest sportswear company in China. The revenue growth rate in the first half of 2019 is also on the top in the overall industry (referred to as the domestic sports goods industry, including international brands).
Revenue increased 40.3% to RMB 14.81 billion to be the first in the overall industry;
Profit from operations increased 58.4% to RMB 4.26 billion;
Profit attributable to equity shareholders is RMB 2.48 billion, up 27.7%, which attained new heights, maintaining nearly 20% growth for the sixth consecutive year;
Overall gross profit margin increased 1.8 percentage points to 56.1%;
Operating profit margin increased 3.2 percentage points to 28.7%;
Net cash flow generated from operating activities increased to RMB 3.44 billion;
The overall warehouse sales ratio of each brand stays healthy;
High-standard stores of RMB 10 million revenue continue emerging, and the efficiency of new stores has increased significantly over the same period;
As at the end of June 2019, the total number of ANTA Brand stores (including ANTA KIDS standalone stores) in China stood at over 10,200, that of FILA stores, including FILA KIDS and FILA FUSION, approximately 1,800, that of DESCENT stores more than 110 and that of KOLON SPORT stores more than 170.
Amer Sports acquisition
ANTA Sports, together with other investors, set up an investor consortium to acquire Finland’s Amer Sports in March. In April, Amer Sports’ new board of directors composing of investor consortium was established. In the first half of 2019, the board of directors and the management team formulated a five-year development strategy to stimulate its growth potential as well as a growth plan oriented at the Chinese market, in a move to provide global sports fans with world-class products and experience.
Ding Shizhong, chairman of the board of directors and CEO of ANTA Group, said: “The year 2019 marks the Year of Synergy and Value for ANTA Group, informing that we have emerged as a global company. In the first half of 2019, the company maintained a high growth in its performance due to the goodwill of ANTA brand, FILA brand and other brands. It will continue to focus on its consumer demands and expectations and innovate its products accordingly. In the second half of the year, the group will focus on the construction of an ‘Innovation Strategy’ and promote the development of innovative organizations and capabilities, thereby forming a new driving force for the group. The year 2020 is an Olympic year. As a partner of the Chinese Olympic Committee, ANTA has made full preparation for the Olympics. In the wake of national health, ANTA Group will further focus on Value Retailing, provide consumers diversified sports products and experiences, and create a brand that brings pride to consumers. Multiple brands of ANTA Group will unite with a number of outstanding brands of Amer Sports to better serve consumers throughout the world. ANTA is committed to developing into a respectable global company and always keeps moving towards its goal of providing people with a healthier and better life!”
