Ge Long Hui·2025-08-29 02:25Core Insights - Anta's revenue for the first half of the year increased by 14.3% year-on-year to 38.54 billion yuan, driven by steady growth in the Anta brand and a recovery in FILA brand sales, while other brands continued to maintain high growth [1] - Operating profit margin improved by 0.6 percentage points year-on-year to 26.3% due to effective cost control [1] - Excluding one-time gains from the listing of Amer Sports, net profit attributable to shareholders rose by 14.5% year-on-year to 7.03 billion yuan, exceeding market expectations [1] Revenue and Profit Forecasts - The revenue forecast for the group from 2025 to 2027 has been slightly raised by 2% to 4%, while net profit estimates have been increased by 5% to 8% [1] - Target price has been adjusted upwards to 117.9 HKD, with a rating of "Buy" [1] Related Events - Bank of China International has raised the target price for Anta Sports to 114.7 HKD, indicating strong growth in revenue and core profit for the first half of 2025 [1]