Zhi Tong Cai Jing·2025-09-16 02:18Core Viewpoint - Anta Sports (02020) shows a strong performance with a stock increase of 3.35%, reaching HKD 97.05, supported by positive retail growth in the sports and apparel sector [1] Industry Summary - The textile and apparel retail sector experienced a slight improvement in year-on-year growth, with a cumulative increase of 2.9% from January to August 2025 [1] - Sports and entertainment goods retail showed a more robust growth, with a cumulative year-on-year increase of 20.6% and a monthly growth of 16.9% in August [1] - The retail discount levels in the branded apparel industry have slightly deepened year-on-year but remain at a manageable level [1] - Inventory levels in the industry are stable and controllable [1] Company Summary - Anta Sports is confident in achieving double-digit sales growth for the full year of 2025, with signs of improvement noted in late August and September [1] - The company's growth is primarily supported by a multi-brand strategy, catering to emerging niche sports such as outdoor activities, tennis, golf, and yoga [1] - Anta is exercising cautious cost control, and its overseas business is expected to contribute increasingly to revenue [1] - The company plans to expand its store count in ASEAN countries to 1,000 within three years, with over 200 stores expected by the first half of 2025 [1] - Management is optimistic about Anta's strong execution capabilities through its multi-brand strategy [1]