据媒体援引未具名消息人士的话报道，在香港上市的安踏体育已提出收购皮诺（Pinault）家族持有的德 国运动服装公司彪马（Puma） 29%的股份。 报道称，该出价是在几周前发出，虽然安踏已为此次收购获得了融资，但情况已陷入停滞。 皮诺的投资控股公司Artemis一直期望任何对其彪马股份的收购出价都能超过每股40欧元（约合46.70美 元）。 据媒体援引未具名消息人士的话报道，在香港上市的安踏体育已提出收购皮诺（Pinault）家族持有的德 国运动服装公司彪马（Puma） 29%的股份。 报道称，该出价是在几周前发出，虽然安踏已为此次收购获得了融资，但情况已陷入停滞。 皮诺的投资控股公司Artemis一直期望任何对其彪马股份的收购出价都能超过每股40欧元（约合46.70美 元）。 彪马股价收盘上涨8.6%，至24.37欧元。 责任编辑：王永生 彪马股价收盘上涨8.6%，至24.37欧元。 责任编辑：王永生 ...

格隆汇1月9日｜据三位知情人士透露，安踏体育(02020.HK)已提出从法国皮诺家族手中收购德国运动服 装公司彪马29%的股份。两位消息人士称，安踏几周前提出了收购要约，并已确保收购资金，以备交易 达成。但其中一位消息人士补充说，目前收购进展陷入停滞。 来源：格隆汇APP ...

6 January 2026 | 9:58PM HKT Equity Research Anta Sports Products (2020.HK): APAC Consumer & Leisure Corp Day — Key Takeaways: FY25 on track of guidance; aim for quality growth in Bottom line: We hosted Anta's management at our APAC Consumer & Leisure Corp Day on Jan 6. Key takeaways include 1) Recent trend: the company observed 4Q25 demand was generally muted; Dec was influenced by warm weather and late start of CNY shopping. In 4Q, Anta brand still met its lowered full year sell-through target despite the ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 安踏體育用品有限公司 呈交日期: 2026年1月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02020 | | 說明 | 不適用 | | | | | | | | 多櫃檯證券代號 | 82020 | RMB | 說明 | 不適用 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | 0 | | | | HKD | | 0 | | ...

安踏體育用品有限公司 可持續發展委員會職權範圍 ANTA Sports Products Limited 安踏體育用品有限公司 股份代號：2020（港幣櫃台）及 82020（人民幣櫃台） （於開曼群島註冊成立之有限公司） 可持續發展委員會職權範圍 本 職 權 範 圍 生 效 日 期： 經 董 事 會 於 二 零 二 五 年 十 二 月 二 十 二 日 修 訂 並 生 效。 – 1 – 1. 設立及職能 1.1 董 事 會 組 成 和 設 立 本 委 員 會，其 權 限、責 任 和 具 體 職 責 如 下 文 所 述。 1.2 本 委 員 會 目 的 旨 在 協 助 董 事 會： (1) 就ESG事 宜 作 有 效 管 治 和 監 督； (2) 制 定 及 檢 討 本 集 團 可 持 續 發 展 戰 略 目 標； (3) 帶領及推動各部門以可持續發展角度提升各業務環節思維及營 運 舉 措； (4) 識 別、評 估 及 管 控 重 大ESG風 險 及 議 題； (5) 統籌及規範ESG相關數據信息收集以提高ESG信 息 披 露 質 量；及 (6) 開展相關培訓以確保董事會具備應對ESG議 題 的 能 力。 1.3 ...

Core Viewpoint - Anta Sports (02020) maintains a high level of prosperity in outdoor apparel, professional sports, and women's apparel sectors, with unique brand operation and growth planning, suggesting continued attention to the company. The buy rating is maintained with a target price of HKD 98.0 [1] Group 1: Sales Performance - Anta's sales revenue achieved single-digit positive growth year-on-year, with a stable performance during the Double Eleven shopping festival [2] - The company revised its full-year revenue expectation for the Anta brand from +MSD to +LSD, while maintaining FILA's target at +MSD and other brands at +40% [2] - Other brands experienced significant growth, with a combined year-on-year increase of approximately 55%, including Descente at 30%, Kolon at 70%, and MAIA at 45% [2] Group 2: Profitability and Brand Matrix - The profitability contribution from professional and outdoor brands is increasing, with operating profit margins continuing to rise [3] - Operating profit for other brands turned positive in 2020 and is expected to reach 28.6% in 2024, increasing to 33.2% in H1 2025 (up 3.3 percentage points year-on-year) [3] - The operating profit share rose from 2.1% in 2020 to 18.4% in 2024, with further growth to 24.3% in H1 2025 [3] - The acquisition of the Wolf Paw brand in April and the establishment of a joint venture with Musinsa in September are expected to enrich the brand matrix and expand opportunities in the fashion sector [3] Group 3: Revenue Forecast - The company forecasts revenues of RMB 783.1 billion, 867.2 billion, and 942.3 billion for FY25E to FY27E, with year-on-year growth rates of 10.6%, 10.7%, and 8.7% respectively [4] - The expected net profit attributable to shareholders is projected to be RMB 132.5 billion, 152.3 billion, and 168.9 billion for the same period, with growth rates of 11.2%, 14.9%, and 10.9% (excluding equity investment income) [4] - The target price of HKD 98.0 corresponds to a PE ratio of approximately 18.8 times for FY25E and a static PE of about 16 times, indicating an expected price increase of 21.8% from the current price [4]

Core Viewpoint - Anta Sports (02020) maintains a high level of prosperity in outdoor apparel, professional sports, and women's apparel sectors, with unique brand operation and growth strategies, suggesting continued attention to the company [1] Group 1: Sales Performance - Anta's sales achieved single-digit positive growth year-on-year, with a stable performance during the Double Eleven shopping festival [2] - The company revised its full-year revenue forecast for the Anta brand from +MSD to +LSD, while maintaining FILA's growth target at +MSD and other brands at +40% [2] - Other brands experienced significant growth, with a combined year-on-year increase of approximately 55%, including Descente at 30%, Kolon at 70%, and MAIA at 45% [2] Group 2: Profitability and Brand Matrix - The profitability contribution from professional and outdoor brands is increasing, with operating profit margins expected to rise from 2.1% in 2020 to 18.4% in 2024, and further to 24.3% by H1 2025 [3] - The company acquired the Jack Wolfskin brand to expand its outdoor brand matrix and plans to revitalize it over the next 3-5 years [3] - A joint venture with the Korean fashion platform Musinsa was established to explore opportunities in the fashion sector, enhancing the overall brand matrix [3] Group 3: Revenue Forecast - The company is projected to achieve revenues of 783.1 billion, 867.2 billion, and 942.3 billion yuan for FY25E to FY27E, with year-on-year growth rates of +10.6%, +10.7%, and +8.7% respectively [4] - Expected net profit attributable to shareholders for the same period is 132.5 billion, 152.3 billion, and 168.9 billion yuan, with growth rates of +11.2%, +14.9%, and +10.9% (excluding equity investment income) [4] - The target price is set at 98.0 HKD, corresponding to a PE ratio of approximately 18.8 times for FY25E and a static PE of about 16 times, indicating a projected price increase of 21.8% from the current price [4]

智通财经APP获悉，花旗发布研报称，尽管维持安踏体育(02020)盈利预测不变，但已将估值基准调整至 26年预期市盈率，先前为25年，与该行对其他中国运动服饰公司估值更新保持一致。以20倍目标2026年 市盈率计算，将安踏目标价由109.7港元上调至112.7港元，维持"买入"评级。中国运动服饰板块偏好维 持不变，首选安踏 。 ...

安踏体育(02020)发布公告，于2025年12月10日该公司注销1055.98万股已购回股份。 ...

Core Viewpoint - Anta Sports (02020.HK) announced the cancellation of 10.5598 million shares that were repurchased between September 22 and September 30, 2025, on December 10, 2025 [1] Summary by Category - **Company Actions** - Anta Sports has completed the cancellation of 10.5598 million shares [1]