China's ANTA Sports half-year revenue, profit rise 12.9%
China's ANTA Sports half-year revenue, profit rise 12.9%
Overview
China sportswear group's half-year revenue rose 12.9% yr/yr to RMB43.5 bln
Net income attributable to shareholders up 12.9% to RMB7.94 bln
Company says growth driven by steady development and higher investment in branding, channels, R&D
Outlook
Company did not provide specific guidance or outlook for the current quarter or full year
Result Drivers
INVESTMENT IN BRANDING AND CHANNELS - Co said increased spending on branding, sales channels, and product R&D supported revenue and profit growth
SEGMENT MARGIN VARIATION - FILA segment operating profit margin increased, while ANTA and other brands saw slight decreases
STEADY CASH GENERATION - Co reported stable cash inflow from operating activities and maintained a strong cash position
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| RMB 43.51 bln |
|
H1 Net Income Attributable |
| RMB 7.94 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 32 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories peer group is "buy"
Wall Street's median 12-month price target for ANTA Sports Products Ltd is HK$102.00, about 41.9% above its August 25 closing price of HK$71.90
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago
Reuters Recommended Reads
Aug 25 - Sportswear maker Xtep International H1 revenue dips 0.6% as core brand weakens
Aug 24 - Elastic fabric maker Best Pacific's H1 revenue rises on sportswear demand
Aug 25 - China's EEKA Fashion H1 revenue falls on weak store sales
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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