Zheng Quan Ri Bao·2025-09-22 06:38Core 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]