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ANTA Sports' Revenue Exceeds RMB 33.7 Billion in the First Half of 2024, with a 13.8% Year-on-Year Increase with Leading Growth Rate in the Industry

(Hong Kong SAR, 27 August, 2024) – ANTA Sports Products Limited ("ANTA Sports" or the "Company", stock codes: 2020 (HKD counter) and 82020 (RMB counter), and its subsidiaries collectively the "Group") today announced its unaudited interim results for the six months ended 30 June 2024 (the "period").

Financial and Operational Highlights

  • Enhanced leadership position: Revenue reached record high for the half-year and outperformed the industry in terms of growth rate:
    • Overall revenue increased by 13.8% year-on-year to RMB33.74 billion, enhancing its industry leading position in the Chinese market;
    • ANTA segment revenue increased by 13.5% year-on-year to RMB16.08 billion, solidifying its position as a leading brand in the Chinese market;
    • FILA segment revenue increased by 6.8% year-on-year to RMB13.06 billion. It maintained high-quality growth while keeping healthy inventory and discounts;
    • The total revenue of all other brands surged 41.8% year-on-year to RMB4.60 billion, continuing its strong growth.

  • Achieving high-quality growth: Multiple indicators exceed market expectations, maintaining healthy levels:
    • Profitability: Profit attributable to equity shareholders (excluding share of profit or loss of an associate/ a joint venture and gain arising from equity dilution under the Amer Sports Listing) increased by 17.0% year-on-year to RMB6.16 billion. The margin of profit attributable to equity shareholders increased by 0.5% point year-on-year to 18.3%.
    • Operational efficiency: Operating profit margin maintained at 25.7%, with the ANTA segment reaching 21.8%, the FILA segment reaching 28.6%, and all other brands reaching 29.9%.
    • Cash flow generation: Net operating cash inflow reached RMB8.50 billion, with free cash inflow of RMB7.62 billion. As of 30 June 2024, the Group held an aggregate amount of cash and cash equivalents, fixed deposits held at banks and pledged deposits of RMB 47.83 billion.
    • Inventory management: Average inventory turnover days were 114 days, a decrease of 10 days compared with the same period of 2023.
    • E-commerce business: Revenue grew by 25.1% year-on-year, accounting for 33.8% of the overall revenue of the Group, an increase of 3.0% points year-on-year.

  • Advancing mutualism: Comprehensively implemented ESG practices and devoted efforts to give back to society:
    • Continuously creating employment opportunities: As of 30 June 2024, we had 62,000 employees, representing a 4.4% increase year-on-year.
    • Enhancing Innovative R&D: In the first half of 2024, our R&D investment exceeded RMB900 million, marking a 35.7% increase year-on-year. The proportion of R&D expenditure continued to rise.
    • Increase in public welfare inputs: Through the "Sturdy Growth Charity Project", we trained over 6,800 physical education teachers, established 185 ADream Centers and 50 ANTA fields, and organized 17 ANTA camps, benefiting over 7.20 million teenagers.
    • Promoting green transformation: Our MSCI ESG rating has risen two levels; we became the first Chinese sportswear company to receive a "B" rating by the authoritative Carbon Disclosure Project (CDP) and the only Chinese sportswear company included in the Hang Seng Corporate Sustainability Benchmark Index. We launched the first carbon-neutral retail store in the Chinese footwear and apparel industry certified by an authoritative institution, and actively promoted the use of clean and renewable energy among over 140 suppliers.

Lai Shixian, Executive Director & Co-CEO of ANTA Sports, said, "Although the consumer segment in the first half of the year continued to face numerous uncertainties, the overall trend in the sportswear industry remains stable and positive. The hosting of the Paris Olympic Games has successfully sparked public interest and participation in sports, positively impacting industry demand. The Group adheres to the strategy of 'Single-focus, Multi-brand, Globalization', driving high-quality growth through innovation and further strengthening our three core competitiveness. With our ability and determination to navigate economic cycles, we will advance our global exploration through a unique 'brand + retail' business model, steadily progressing towards becoming a 'leading sportswear group in the world'."

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About ANTA Sports

ANTA was established in 1991, while ANTA Sports Products Limited, a widely recognized global sportswear company, was listed on the Main Board of HKEx in 2007 (Stock Codes: 2020 (HKD counter) and 82020 (RMB counter)). The mission of the company is to integrate the sports spirit of “Going Beyond Oneself” into everyone’s daily life. ANTA Sports principally engages in design, R&D, manufacturing, marketing and sales of professional sports products including footwear, apparel and accessories. Over the years, the company formed three brand groups: Performance Sports Brands, Fashion Sports Brands and Outdoor Sports Brands, empowering everyone who loves sports. By embracing an all-round brand portfolio including ANTA, FILA, DESCENTE, KOLON SPORT and MAIA ACTIVE, etc., ANTA Sports aims to unlock the potential of both the mass and high-end sportswear markets. ANTA Sports is also the largest shareholder of Amer Sports, Inc., a global group of iconic sports and outdoor brands, including Arc'teryx, Salomon, Wilson, Peak Performance, and Atomic, whose shares are listed on the New York Stock Exchange (NYSE: AS).

IR website:    http://ir.anta.com
WeChat official account:    antatiyu_20070710

For further information, please contact:

ANTA Sports Products Limited
Investor Relations Department
Tel:    (852) 2116 1660 
Fax:    (852) 2116 1590 
E-mail:    ir@anta.com.hk

Group Corporate Communications Department
anta_ccpr@anta.com

Citigate Dewe Rogerson
Linda Pui / Jobie Cheung
Tel:    (852) 3103 0118 / (852) 3103 0107
Email:    AntaSportsIR@citigatedewerogerson.com