HONG KONG: Chinese sportswear major ANTA Sports Products Limited has announced financial results for the fiscal year ended December 31, 2019.
Breaking multiple records, the Group accomplished the most impressive annual report in its history. Most noticeably, ANTA Group’s earnings for the full year 2019 have hit approximately 34 billion RMB, surging by over 40% year-on-year and maintaining the remarkably high growth for six consecutive years.
Fy revenue RMB33.9278 billion vs RMB24.1 billion
Fy profit attributable RMB5.3441 billion vs RMB4.1029 billion
2020 Outlook:
Outbreak of COVID-19 in China since early 2020 has certain impacts on group’s business operation
Expects financial performance to be affected in H1 of 2020, and expects recovery will come in second half of 2020 at the soonest
2020 will not be an easy year, as business ecosystem upstream and downstream will both encounter “evolutionary changes”
