ANTA Sports Posts 34.9% Profit Jump, Declares HK$1.51 Interim Dividend
AM730 · 2 SOURCESabout 2 hours ago1 MIN
Summary
ANTA Sports (stock code: 2020) announced interim results for the six months ending June 30, reporting net profit of 94.87 billion yuan, up 34.9% year-on-year. The company declared an interim dividend of HK$1.51 per share, representing a 10.2% increase from the prior year .
Key Points
- ANTA Sports reported net profit of 94.87 billion yuan with basic EPS of 3.42 yuan for H1 2024
- Excluding gains from Amer Sports 2026 rights dilution, adjusted net profit rose 12.9% to 79.38 billion yuan
- Total revenue reached a record 435.07 billion yuan, up 12.88% year-on-year with gross margin at 63.9%
- ANTA brand revenue grew 4.8% to 177.71 billion yuan while FILA brand increased 6.1% to 150.45 billion yuan
- All other brands posted the strongest growth at 44.2%, reaching 106.91 billion yuan in revenue
Why It Matters
The results demonstrate ANTA's ability to deliver robust growth amid macroeconomic uncertainty, with its multi-brand strategy proving effective across different market segments . For Hong Kong investors, the strong dividend payout signals confidence in the company's cash generation capability and long-term outlook in the sportswear sector .
The results demonstrate ANTA's ability to deliver robust growth amid macroeconomic uncertainty, with its multi-brand strategy proving effective across different market segments . For Hong Kong investors, the strong dividend payout signals confidence in the company's cash generation capability and long-term outlook in the sportswear sector .