Core Viewpoint - Anta Sports demonstrates resilience and strong growth in a challenging market, reaffirming its position as a leading player in the Chinese sportswear industry with a revenue of 38.54 billion RMB in the first half of 2025, marking a 14.3% year-on-year increase [1][3] Financial Performance - Anta Sports achieved an operating profit of 10.131 billion RMB, a 17% increase, with an operating profit margin of 26.3%, exceeding market expectations [3] - The company reported a net cash inflow from operations of 10.93 billion RMB and a free cash flow of 7.55 billion RMB, indicating strong cash generation capabilities [3] - As of June 30, 2025, Anta held cash and cash equivalents totaling 55.58 billion RMB, providing a solid foundation for future investments [3] Brand Performance - Anta's multi-brand strategy is yielding results, with revenue from the Anta brand reaching 16.95 billion RMB (up 5.4%), FILA brand at 14.18 billion RMB (up 8.6%), and other brands, including Kolon and Descente, achieving 7.41 billion RMB (up 61.1%) [4][5][7] - The Anta brand's PG7 running shoes have sold over 4 million pairs, showcasing the brand's ability to meet consumer demand effectively [4] Strategic Initiatives - Anta Sports is focused on becoming a world-leading multi-brand sports goods group, leveraging its unique business model that emphasizes brand synergy, retail efficiency, and global resource integration [4][10] - The company completed the acquisition of the German outdoor brand Jack Wolfskin, enhancing its presence in the outdoor segment and tapping into new revenue growth opportunities [7][9] Innovation and R&D - Anta invested nearly 1 billion RMB in R&D in the first half of 2025, with a total of 20 billion RMB allocated to innovation over the past decade [14] - The establishment of seven global design and R&D centers reflects Anta's commitment to technological advancement and product innovation [14] Global Expansion - Anta's international strategy is gaining traction, with Amer Sports reporting a 23.5% revenue increase to 2.709 billion USD in the first half of 2025, and the Greater China region seeing a 42.4% rise to 856 million USD [15] - The brand is actively expanding in Southeast Asia and the Middle East, establishing retail networks in countries like the UAE, Saudi Arabia, and Egypt [15][16]

安踏体育(02020)发布公告，于2025年8月27日，本公司的间接全资附属公司安卡控股与锐源及赏泰各自 订立股份认购协议，锐源及赏泰有条件同意认购而安卡控股有条件同意按相关对价配发及发行合共2500 股认购股份。 待认购事项完成后，由于安卡控股的已发行股份总额为发行认购股份所扩大，本公司透过安卡体育于安 卡控股持有的间接实益权益将会由100%摊薄至80%。因此，认购事项构成视作出售本公司所持有安卡 控股的20%股权。 安卡控股是为了持有"Jack Wolfskin"业务而设立的特殊目的公司。 继本集团于今年较早时间成功完成收购"Jack Wolfskin"业务后，本公司正规划下一阶段发展。董事认为 认购事项将扩大安卡控股的资本基础，符合并有利于"Jack Wolfskin"业务的增长策略。 此外，向赏泰(待于交割前完成架构重组后其将由主要为本集团高级管理层及僱员的利益而设的信托所 持有)发行相关认购股份，可激励本集团高级管理层及雇员并将彼等的财务利益与本集团保持一致，及 推动彼等继续为"Jack Wolfskin"业务的长远成长及发展作出贡献。 ...

Core Viewpoint - Anta Sports (02020) reported a revenue of RMB 38.544 billion for the six months ending June 30, 2025, representing a year-on-year increase of 14.3% [1] Financial Performance - Shareholder profit attributable to the company was RMB 7.031 billion, a decrease of 8.9% year-on-year [1] - Adjusted shareholder profit increased by 7.1% to RMB 6.597 billion [1] - Basic earnings per share were RMB 2.53, with an interim dividend proposed at HKD 1.37 per share [1] Operational Efficiency - The company maintained high operational efficiency, with an overall operating profit margin rising by 0.6 percentage points to 26.3% [1] - The operating profit margin for the Anta segment increased by 1.5 percentage points to 23.3% [1] - The operating profit margin for the FILA segment decreased by 0.9 percentage points to 27.7% [1] - The operating profit margin for all other brands increased by 3.3 percentage points to 33.2% [1] Cash Flow - The company achieved a net cash inflow from operating activities of RMB 10.931 billion [1] - Free cash inflow was RMB 7.548 billion, indicating stable cash generation capability [1]

Core Viewpoint - Anta Sports (02020) reported a revenue of RMB 38.544 billion for the six months ending June 30, 2025, representing a year-on-year increase of 14.3% [1] Financial Performance - The company's net profit attributable to shareholders was RMB 7.031 billion, a decrease of 8.9% year-on-year [1] - Adjusted net profit attributable to shareholders increased by 7.1% to RMB 6.597 billion [1] - Basic earnings per share were RMB 2.53, with an interim dividend proposed at HKD 1.37 per share [1] Operational Efficiency - The overall operating profit margin increased by 0.6 percentage points to 26.3% [1] - Anta segment's operating profit margin rose by 1.5 percentage points to 23.3% [1] - FILA segment's operating profit margin decreased by 0.9 percentage points to 27.7% [1] - Operating profit margin for all other brands increased by 3.3 percentage points to 33.2% [1] Cash Flow - The company achieved a net cash inflow from operating activities of RMB 10.931 billion [1] - Free cash inflow was RMB 7.548 billion, indicating stable cash generation capability [1]

Group 1 - Anta Sports announced a conditional share subscription agreement involving its indirect wholly-owned subsidiary, Anka Holdings, with Ruiyuan and Shangtai, for a total of 2,500 subscription shares [1] - Following the completion of the subscription, Anta's indirect beneficial interest in Anka Holdings will be diluted from 100% to 80% [1] - Anka Holdings was established as a special purpose company to hold the "Jack Wolfskin" business [1] Group 2 - The company plans to expand Anka Holdings' capital base, aligning with the growth strategy for the "Jack Wolfskin" business [2] - Issuing subscription shares to Shangtai, which will be held in trust primarily for senior management and employees, aims to align their financial interests with the group and incentivize contributions to the long-term growth of "Jack Wolfskin" [2]

Core Viewpoint - Anta Sports has entered into a joint venture agreement with MUSINSA Co., Ltd. to operate Korean fashion business in mainland China, Hong Kong, and Macau, with Anta holding 40% and MUSINSA holding 60% of the equity [1] Group 1 - The collaboration with MUSINSA reflects the company's strategic exploration in the fashion industry under its core strategy of "single focus, multi-brand, globalization" [1] - The integration of "sports and fashion" is becoming a lifestyle trend, and the company aims to meet the diverse consumption needs of young consumers through various approaches [1] - The company will leverage its unique advantages in "brand + retail" and extensive experience in the footwear and apparel industry to empower the joint venture's business development [1] Group 2 - MUSINSA will oversee and manage the joint venture's business operations through its management team, while the company will exercise strategic and financial oversight through representatives on the joint venture's board [1]

Core Insights - Anta Sports reported a robust performance in the first half of 2025, with revenue increasing by 14.3% year-on-year to RMB 38.544 billion and adjusted net profit rising by 7.1% to RMB 6.597 billion [1] - The company declared an interim dividend of HKD 1.37 per share for the six months ending June 30, 2025 [1] - Anta's core brands, Anta and FILA, contributed significantly to revenue growth, while DESCENTE and KOLONSPORT captured market share in specialized segments [1] Group Performance - Anta's segment revenue grew by 5.4% year-on-year to RMB 16.95 billion, with an operating profit margin increase of 1.5 percentage points to 23.3% [2] - FILA's segment revenue increased by 8.6% year-on-year to RMB 14.18 billion, although its operating profit margin decreased by 0.9 percentage points to 27.7% due to strategic investments in product functionality and quality [2] Strategic Initiatives - Anta is focusing on innovation in professional products and targeting high-growth niche markets to expand its scale [2] - The company is advancing its "globalization" strategy, achieving significant results in overseas market expansion, which enhances its brand image [2] - Anta aims to maintain a "single focus, multi-brand, globalization" strategy to drive sustainable development amid market opportunities and challenges [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 ANTA Sports Products Limited 安踏體育用品有限公司 （於開曼群島註冊成立之有限公司） 股份代號：2020（港元櫃台）及 82020（人民幣櫃台） 自願性公告 與 MUSINSA 成立合資公司 本公告乃由安踏體育用品有限公司（「本公司」，連同其附屬公司統稱為「本集團」）自願性發 出。 與 MUSINSA 成立合資公司 本公司董事會（「董事會」）欣然宣布，本公司的一家附屬公司（「安踏」）已與 MUSINSA Co., Ltd.（「MUSINSA」）訂立一份合資協議（「合資協議」）。根據該合資協議，安踏與 MUSINSA 同意成立合資公司（「合資公司」），共同在中國內地、香港特別行政區及澳門特別行政區營運 韓國時裝業務（「合資安排」）。安踏及 MUSINSA 將分別持有合資公司 40%及 60%的股本權 益。 承董事會命 安踏體育用品有限公司 主席 丁世忠 1 有關 MUSINSA ...

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） 關連交易 股份認購協議 視作出售一間附屬公司的股權 股份認購協議 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 於 二 零 二 五 年 八 月 二 十 七 日，本 公 司 的 間 接 全 資 附 屬 公 司 安 卡 控 股 與 銳 源 及 賞 泰 各 自 訂 立 股 份 認 購 協 議，據 此，銳 源 及 賞 泰 有 條 件 同 意 認 購 而 安 卡 控 股有條件同意按相關對價配發及發行合共2,500股 認 購 股 份。對 價 的 釐 定 基 準 詳 情 概 述 於 本 公 告 下 文「股 份 認 購 協 議－認 購 股 份 及 對 價」一 節。 待 認 購 事 項 完 成 後，由 於 安 卡 控 股 的 已 發 行 股 ...

其他信息 其他信息 不適用 發行人董事 本公司執行董事為丁世忠先生、丁世家先生、賴世賢先生、吳永華先生、鄭捷先生及畢明偉先生；以及獨立非執行董事為姚建華先 第 1 頁 共 2 頁 v 1.1.1 EF001 EF001 免責聲明 | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 安踏體育用品有限公司 | | 股份代號 | 02020 | | 多櫃檯股份代號及貨幣 | 82020 RMB | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 宣派截至二零二五年六月三十日止六個月的中期股息 | | 公告日期 | 2025年8月27日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | ...