HK Stock Market Move | ANTA SPORTS (02020) expanded its gains to 10% in the late trading session, with multi-brand matrix collaboration driving efforts. The performance in the first half of the year has reached a new historical high.

ANTA SPORTS (02020) quickly rose in the afternoon and further expanded its gains towards the end of the trading day. As of the time of publication, it was up 9.6%, trading at HKD 78.8, with a turnover of HKD 1.166 billion. In terms of news, Anta released its interim results at noon, reporting a revenue of RMB 43.51 billion in the first half of the year, an increase of 12.9% year-on-year. This marks the fifth consecutive year of maintaining the top position in the Chinese market industry. During this period, the overall gross profit margin improved by 0.5 percentage points to 63.9%, and the operating profit margin increased by 0.7 percentage points to 27%, reaching a nearly seven-year high. Free cash flow during the period exceeded RMB 11.63 billion, with net cash reaching RMB 39.1 billion, and the average inventory turnover days decreased by six days year-on-year to 130 days. In the first half of the year, the revenue for the Anta brand, FILA, and other brand segments all achieved new highs for the half-year. The three segments reported revenues of RMB 17.77 billion, RMB 15.05 billion, and RMB 10.69 billion, with year-on-year growth rates of 4.8%, 6.1%, and 44.2%, respectively. Notably, each segment experienced healthy growth of high quality, with all brands store performances improving while the number of stores remained relatively unchanged. The main Anta brand has maintained its leading position as the number one Chinese brand for 15 consecutive years.