Core Insights - The company reported a revenue of 170 billion RMB for the Anta brand in H1 2025, showing a year-on-year growth of 5.4% and accounting for approximately 44% of total revenue, with a gross margin of 54.9% [1] - FILA brand achieved a revenue of 142 billion RMB in H1 2025, reflecting an 8.6% year-on-year increase, representing about 37% of total revenue, with a gross margin of 68% [1] - Emerging brands, including DESCENTE and KOLON SPORT, generated 74 billion RMB in revenue, marking a significant 61.1% year-on-year growth and increasing their revenue share from 13% to 19% [1] Revenue Breakdown by Channel - Direct-to-Consumer (DTC) channel generated 94 billion RMB in revenue in H1 2025, up 5.3% year-on-year, contributing approximately 56% to total revenue [2] - E-commerce sales reached 61 billion RMB, with a year-on-year growth of 10.1%, accounting for about 36% of total revenue [2] - Traditional wholesale and other channels saw a revenue decline to 14 billion RMB, down 10.6% year-on-year, representing about 8% of total revenue [2] Strategic Outlook - The company continues to implement a "single focus, multi-brand, globalization" strategy, leveraging dual core brands for growth [2] - Anta brand will deepen its transformation and innovate store formats, while FILA will focus on core categories in golf and tennis [2] - The company is advancing its global layout across Asia, Europe, and the Americas, enhancing digital integration and launching AI strategies for material research and process innovation [2] Financial Forecast Adjustments - The company has slightly adjusted its profit forecasts, expecting net profits of 13.6 billion RMB, 15.5 billion RMB, and 17.3 billion RMB for the next three years, with corresponding PE ratios of 18x, 15x, and 14x [3]

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9月30日 狀態: 新提交 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 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: 2025年10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 (-) ...

Core Points - Anta Sports has been actively repurchasing its shares, with a total of 10.55 million shares repurchased since September 22, amounting to HKD 987 million [2][3] - The stock price of Anta Sports increased by 2.02% on the day of the latest repurchase, closing at HKD 93.50, despite a cumulative decline of 3.41% during the repurchase period [2] Summary by Category Share Repurchase Activity - On September 30, Anta Sports repurchased 1.0742 million shares at prices ranging from HKD 91.70 to HKD 93.55, totaling HKD 99.875 million [2] - The company has conducted 14 share repurchase transactions this year, with a total of 19.6642 million shares repurchased and a cumulative expenditure of HKD 1.685 billion [3] Price Performance - The stock's closing price on the day of the latest repurchase was HKD 93.50, reflecting a 2.02% increase [2] - Over the course of the recent repurchase activities, the stock experienced a total decline of 3.41% [2]

Group 1 - The company Anta Sports (02020) announced a share buyback plan, spending approximately HKD 99.87 million to repurchase 1.0742 million shares by September 30, 2025 [1]

安踏体育(02020)公布，2025年9月30日耗资约9987.49万港元回购107.42万股股份。 ...

Group 1 - Anta Sports (02020.HK) announced a share buyback of 1.074 million shares at a cost of HKD 99.875 million on September 30 [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 | | | B. 贖回/購回股份 (擬註銷但截至期終結存日期尚未註銷) (註5及6) | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1). | 購回擬註銷但尚未註銷之股份 | | 2,120,000 | 0.0755 % | HKD | 93.9612 | | | 變動日期 | 2025年9月22日 | | | | | | 2). | 購回擬註銷但尚未註銷之股份 | | 2,120,000 | 0.0755 % | HKD | 94.1697 | | | 變動日期 | 2025年9月23日 | | | | | | 3). | 購回擬註銷但尚未註銷之股份 | | 2,003,000 | 0.0714 % | HKD | 94.0729 | | | 變動日期 | 2025年9月24日 | | | | | | 4). | 購回擬註銷但尚未註銷之股份 | | 1,065,000 | 0.0379 % | HKD ...

Group 1 - The core point of the article is that Anta Sports has been actively repurchasing its shares, with a total of 948.56 million shares repurchased over six consecutive days, amounting to 8.87 billion HKD [2][3] - On September 29, the company repurchased 1.0838 million shares at a price range of 91.650 to 93.350 HKD, with a total repurchase amount of 99.8741 million HKD [2] - The stock price on the same day closed at 91.650 HKD, reflecting an increase of 0.83%, while the total trading volume for the day was 1.158 billion HKD [2] Group 2 - Year-to-date, Anta Sports has conducted 13 repurchase transactions, totaling 18.59 million shares and a cumulative repurchase amount of 15.85 billion HKD [3] - The detailed repurchase data shows that the highest repurchase price reached 95.900 HKD and the lowest was 74.250 HKD during the recent transactions [3] - The stock experienced a cumulative decline of 5.32% during the period of these repurchases [2]

Group 1 - Anta Sports (02020) announced a share buyback plan, investing HKD 99.8741 million to repurchase 1.0838 million shares [1] - The buyback price per share ranges from HKD 91.65 to HKD 93.35 [1]

智通财经APP讯，安踏体育(02020)发布公告，于2025年9月29日，该公司斥资9987.41万港元回购108.38 万股股份，每股回购价格为91.65-93.35港元。 ...