该行认为，安踏在国内体育用品市场具有领先地位，料将能继续受惠国策推动体育产业高质量发展及消 费潜力释放的大趋势。加上，安踏的多品牌策略及产品创新具优势，透过优化产品组合以及收购品牌为 集团注入新的增长动能，未来可望维持高于同业的毛利率和净利润率。 东亚证券发布研报称，安踏体育(02020)估值料存在上调空间，对安踏2025年之每股盈利预测为4.85人民 币，给予目标市盈率21.8倍，目标价114港元，潜在升幅为20.4%，评级为"买入"。 ...

智通财经APP获悉，东亚证券发布研报称，安踏体育(02020)估值料存在上调空间，对安踏2025年之每股 盈利预测为4.85人民币，给予目标市盈率21.8倍，目标价114港元，潜在升幅为20.4%，评级为"买入"。 该行认为，安踏在国内体育用品市场具有领先地位，料将能继续受惠国策推动体育产业高质量发展及消 费潜力释放的大趋势。加上，安踏的多品牌策略及产品创新具优势，透过优化产品组合以及收购品牌为 集团注入新的增长动能，未来可望维持高于同业的毛利率和净利润率。 ...

安踏体育(02020)发布公告，该公司于2025年9月22日斥资1.99亿港元回购212万股股份，每股回购价格为 92.7-95.15港元。 ...

智通财经APP讯，安踏体育(02020)发布公告，该公司于2025年9月22日斥资1.99亿港元回购212万股股 份，每股回购价格为92.7-95.15港元。 ...

Group 1 - Anta Sports announced a share buyback of 2 billion HKD to repurchase 2.12 million shares [1]

FF305 表格類別： 股票 狀態： 新提交 公司名稱： 安踏體育用品有限公司 呈交日期： 2025年9月22日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 | 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 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | ...

Core Insights - Anta Sports made its first appearance on the Hong Kong Stock Connect active trading list in nearly a month on September 22, 2023 [2][3] - The total trading volume of active stocks on the Hong Kong Stock Connect reached HKD 446.44 billion, accounting for 32.80% of the day's total trading amount, with a net buying amount of HKD 77.54 billion [2] - Alibaba-W led the trading volume with HKD 90.45 billion, followed by SMIC and Shankai Holdings with HKD 89.67 billion and HKD 55.25 billion respectively [2] Trading Activity Summary - Anta Sports had a trading volume of HKD 8.08 billion and a net buying amount of HKD 1.23 billion, with a closing price of HKD 94.65, reflecting a daily decline of 2.22% [2][3] - The most frequently listed stocks in the past month include Alibaba-W and Meituan-W, each appearing 21 times, indicating strong interest from Hong Kong Stock Connect funds [2] - Other notable stocks on the active trading list include Tencent Holdings, Xiaomi Group W, and Huahong Semiconductor, with respective trading volumes of HKD 34.23 billion, HKD 28.92 billion, and HKD 7.91 billion [2][3]

(本文来自第一财经) 港股安踏体育跌幅扩大，现跌超5%，安踏旗下始祖鸟品牌因"赞助艺术家在喜马拉雅山脉放烟花"致 歉。 ...

Core Viewpoint - Anta Sports experienced a significant drop in stock price following a controversial fireworks event involving its subsidiary, Arc'teryx, which raised concerns about environmental impact [2][3] Group 1: Stock Performance - On September 22, Anta Sports' stock opened down 4.6% and fell over 7% at one point, closing down 3.56% at HKD 93.35 per share, resulting in a market value loss of HKD 96.85 billion [2] Group 2: Controversial Event - The controversy arose from a fireworks display titled "Ascension" by artist Cai Guoqiang in the Himalayas, which was criticized for potential ecological damage [2][3] - Anta Sports stated that any matters related to the event would be based on Arc'teryx's official announcements [2] Group 3: Responses and Reactions - Arc'teryx issued an apology and committed to cooperating with environmental assessments and remediation actions, while also accelerating environmental protection initiatives in Tibet [2][3] - Media outlets like People's Daily and Xinhua criticized the event, questioning the ecological implications and the appropriateness of such artistic expressions in fragile environments [3][4] Group 4: Financial Performance - In the first half of the year, Anta Sports reported a revenue increase of 14.3% to CNY 38.54 billion, with a net profit increase of 14.5% to CNY 7.031 billion and an operating profit margin of 26.3% [4] - Amer Sports, the parent company of Arc'teryx, saw a revenue growth of 23.5% in the Greater China region, with a notable 42.4% increase in revenue [4]

Core Viewpoint - Negative public opinion is currently limited to the brand Arc'teryx, which is owned by Anta's joint venture partner Amer Sports [1] - Anta's direct outdoor brands, Descente and Kolon, are likely to be minimally affected [1] - Citigroup maintains a "Buy" rating on Anta with a target price of HKD 111.60 [1] Company Analysis - The negative sentiment surrounding Arc'teryx does not extend to Anta's other brands [1] - The impact on Anta's direct brands is expected to be negligible, indicating resilience in its portfolio [1] Market Outlook - Citigroup's positive outlook on Anta suggests confidence in the company's performance despite external challenges [1] - The target price reflects potential growth opportunities within the market [1]