Core Insights - Anta Sports (02020) announced that in Q3 2025, the retail value of Anta brand products achieved low single-digit positive growth compared to the same period in 2024 [1] - In Q3 2025, the retail value of FILA brand products also recorded low single-digit positive growth compared to the same period in 2024 [1] - In Q3 2025, the retail value of all other brand products experienced a significant positive growth of 45-50% compared to the same period in 2024 [1]

所有其他品牌二零二五年第三季度零售表現 二零二五年第三季度，所有其他品牌產品*之零售金額（按零售價值計算）與二 零二四年同期相比錄得 45-50%的正增長。 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。 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（港幣櫃台）及 82020（人民幣櫃台） 二零二五年第三季度之最新營運表現 本公告乃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」）董事會（「董事會」）自願發出，以提供本集團業務之最新營運表現。 本公告之披露只與本集團安踏、FILA 及所有其他品牌（包括 DESCENTE 及 KOLON SPORT）之業務有關，並未包括 Amer Sports（按本公司最新刊發的中 期報告所定義）之業務。 安踏品牌二零二五年第三季度零售表現 二零二五年第三季度，安踏品牌產品之零售金額（按零售價值計算）與二零二 四年 ...

Core Viewpoint - The report from Lyon indicates a mixed trend in consumer spending during the recent holiday period, with strong travel demand but varying performance across sectors [1] Group 1: Travel and Consumer Trends - Overall travel demand showed a year-on-year increase of 6.9% in total cross-regional travel volume [1] - The luxury goods sector is experiencing continuous improvement, benefiting from easier comparative bases, targeted customer development, and increased promotional activities in shopping malls [1] Group 2: Sector Performance - The film box office and sportswear sectors are noted to be underperforming [1] - Sales in the gold and jewelry sector benefited from rising gold prices, although overall sales volume remains weak [1] Group 3: Company Insights - Channel checks reveal that Lao Pu Gold (06181) continues to perform strongly, with reduced sales pressure due to less aggressive inventory promotion by brands [1] - Preferred stocks identified by Lyon include LVMH, Richemont, Yingtong Holdings (06883), and Anta Sports (02020) [1]

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]

智通财经APP讯，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。 ...

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。 ...

格隆汇9月30日丨安踏体育(02020.HK)公告，9月30日耗资9987.5万港元回购107.4万股。 ...

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 ...