ANTA reports over 40% growth in the first half of 2018

Chinese sportswear company ANTA Sports Products Ltd. have published their interim business performance report for the first half of 2018 today with their revenue growth reaching 44.1% in the first half of 2018, making it the best ever mid-year results since they were listed on the Hong Kong Stock Exchange 11 years ago. 

For the first half of 2018, the total income of the ANTA Group was CNY10.55bn, a 44.1% growth. It has maintained double-digit growth for five consecutive years. 

Profits attributable to equity shareholders increased 34% to CNY1.94bn. Basic earnings per share increased 29.4% to CNY0.7244. 

Gross profit margin increased 3.7% to 54.3%. Operating profit margin and margin of profit attributable to equity shareholders were 25.5% and 18.4% respectively

Retail sales (based on retail value) of ANTA-branded products increased at a two-digit  speed while the retail revenue of ANTA’s other brands grew at 85-90%. 

The interim dividend is HK50 cents per ordinary share, an increase of 22% with a payout ratio of 60.1%

ANTA has demonstrated strong and steady growth in recent years, acquiring many overseas brands in addition to developing their own brand ANTA. Some comments online and in general media reports even say they are the #1 Chinese sportswear company now. 

Reference: PR Newswire 

Proofread by Raymond Fitzpatrick