始祖鸟跑去高原上放烟花，自称大型表演艺术，结果把自己炸成了生态公敌。这个安踏旗下的高端户外 品牌，打着艺术的幌子却献丑于自然，始祖鸟这波操作可是捅了大篓子...... ...

Group 1 - Anta Sports experienced a decline of 4.60%, closing at HKD 92.35 per share, resulting in a market capitalization loss of HKD 12.5 billion [1] Group 2 - Outdoor brand Arc'teryx, owned by Anta, faced backlash for a fireworks event in the Himalayas, which was criticized for environmental insensitivity [3] - Following public outcry, both Arc'teryx and artist Cai Guoqiang issued apologies, and local authorities in Tibet have initiated an investigation into the incident [3]

Core Viewpoint - The controversy surrounding the "Anatomy of the Ancestor Bird" event has negatively impacted Anta Sports' stock performance and raised concerns about its ESG ratings due to governance and ecological risk management failures [2][3][4][5] Company Performance - Anta Sports' stock price fell by 2.22% on September 22 and continued to decline by 0.95% on September 23, bringing its total market capitalization to 263.2 billion HKD [3] - The company reported a revenue of 38.544 billion CNY in the first half of 2023, a year-on-year increase of 14.3%, while the net profit attributable to shareholders was 7.031 billion CNY, a decrease of 8.9% [7] ESG Considerations - The incident has the potential to negatively affect Anta Sports' ESG ratings, particularly in environmental and governance dimensions, as sub-brands' actions are included in the overall assessment [4][5] - The response to the controversy will significantly influence the extent of the impact on Anta's ESG ratings, with effective remedial actions potentially mitigating negative effects [5] Multi-Brand Strategy - Anta Sports has pursued an aggressive multi-brand acquisition strategy, acquiring brands such as Amer Sports, FILA, and Descente, which has contributed to revenue growth [7][8] - However, the complexity of managing multiple brands has led to increased operational challenges, including a rise in average inventory turnover days to 136 days, an increase of 22 days compared to the previous year [8][9] Market Challenges - The competitive landscape in the sportswear industry is intensifying, with Anta facing challenges in maintaining brand identity and operational efficiency across its diverse portfolio [9][10]

Core Viewpoint - Nomura downgraded Amer Sports (AS.US) rating from "Buy" to "Neutral" and reduced the target price from $43.20 to $38.30 due to concerns over the brand image and sales growth momentum of its high-end brand Arc'teryx following environmental controversies [1][2] Group 1: Financial Performance and Guidance - Amer Sports raised its Q3 performance guidance, expecting revenue growth in the "high 20% range," significantly above the previous expectation of around 20% [1] - The adjusted operating profit margin is anticipated to exceed the previous guidance of 12%-13% [1] - The management announced mid-term growth targets during the investor day on September 18, projecting a low to mid-double-digit compound annual growth rate (CAGR) for overall revenue starting from FY2025 [1] Group 2: Brand and Market Concerns - Arc'teryx faced criticism for an event held in the Tibetan Plateau that allegedly harmed the ecological environment, leading to widespread backlash on social media and attention from some official media [2] - Despite the core customer base of Arc'teryx being less sensitive to environmental issues, public pressure could negatively impact its high-end brand image among middle-class and outdoor enthusiasts, potentially affecting sales growth [2] - Nomura slightly raised the adjusted EBITDA forecast for Amer Sports for FY2025-2026 by about 1%, but lowered the valuation multiple for Arc'teryx from 19.0x to 15.0x due to increased uncertainty in sales prospects [2]

Core Viewpoint - The "fireworks show" incident involving the brand Arc'teryx has significantly impacted the stock prices of its parent company Anta Sports and its major shareholder Amer Sports, leading to substantial market value losses and raising concerns about brand image and marketing strategies [1][2]. Group 1: Stock Market Impact - On September 22, Anta Sports' stock opened down 4.6%, with an intraday drop exceeding 7%, resulting in a market value loss of 5.8 billion HKD by the end of trading [1]. - Amer Sports, listed on the NYSE and owned primarily by Anta Sports, saw its stock drop over 11% in pre-market trading on the same day [1]. Group 2: Brand Image and Marketing Concerns - The incident has led to negative public sentiment, with the China Advertising Association criticizing the brand for potentially harming the environment under the guise of creative marketing [1]. - Industry analysts suggest that the brand's image and popularity have been adversely affected, indicating that mere public relations efforts will not suffice to mitigate the damage; substantial actions are required [2]. Group 3: Financial Performance and Market Trends - The technical apparel segment of Amer Sports, which includes Arc'teryx, reported second-quarter revenues of approximately 509 million USD, reflecting a year-on-year growth of 24.94%, but a noticeable decline from previous quarters' growth rates of 30.08% and 35.45% [2]. - Analysts highlight that the high-end sportswear market is experiencing a slowdown in growth, suggesting that the outdoor market may not sustain its previous high growth rates due to economic and competitive pressures [2]. Group 4: Strategic Reflections - There are calls for Anta Sports to reconsider its aggressive acquisition strategy, questioning the sustainability of growth achieved through external acquisitions while the core brand management remains average [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。 ...

9月19日，户外品牌始祖鸟联合艺术家蔡国强在喜马拉雅山脉举办的《升龙》烟花表演，绽放出短暂的视觉震撼。然而，表演结束后，这 场旨在"提升对高山在地文化关注"的艺术活动，却意外引发了一场围绕生态影响、责任边界与品牌公信力的连锁争议，甚至让始祖鸟陷入 严重的信任危机。 南都·湾财社记者注意到，就在国内致歉信发布的同一天，始祖鸟在海外社交媒体平台发布的英文致歉信却呈现出不同姿态。海外版声明 称"这一活动与我们对户外空间的承诺、我们的定位背道而驰"，并特别提到"正与相关艺术家和中国团队沟通，调整工作方式避免类似情 况"。 9月21日，始祖鸟官方账号已删除活动宣传帖，蔡国强社交平台发布的相关视频也变为不可见。同日，始祖鸟在国内社交平台发布致歉 信，承认"在艺术表达边界的评估上需要更加专业，对自然的敬畏需要更加谦卑"，承诺在政府监管下配合复核项目生态影响，邀请第三方 评估并依结果补救，同时推进藏地环保计划与文化公益项目。 这种差异明显的表述立刻引发网友质疑。不少网友认为，海外版将责任归咎于"中国团队"的说法有"甩锅"嫌疑，形成了对国内公众强调自 我反思、对海外受众暗示责任在中方的双重标准。有评论指出，始祖鸟的公关策略暴露 ...

Group 1 - The core point of the article is that Taimushi has completed the transfer of shares, making Guangzhou Light Industry Group the controlling shareholder and the Guangzhou State-owned Assets Supervision and Administration Commission the actual controller of the company [1] - As of the first half of 2025, Taimushi's revenue composition is entirely from the textile and apparel industry, accounting for 100% [1] - The current market capitalization of Taimushi is 4 billion yuan [1] Group 2 - The article mentions that the parent company of Arc'teryx is facing issues related to "mountain blasting," and the new president for the Greater China region has only been in office for a little over two months, being praised for his strong professional capabilities [1]

Core Viewpoint - The parent company of Arc'teryx, Amer Sports, experienced a nearly 12% drop in pre-market trading, with shares priced at $33, following a controversy related to an event in the Himalayas involving artist Cai Guoqiang [1] Company Summary - Arc'teryx, a leading outdoor brand, was founded in Vancouver, Canada in 1989 and was acquired by a consortium led by Anta Group in 2019. It is currently owned by Finnish company Amer Sports, which also owns brands like Salomon and Wilson [1] - On September 21, Arc'teryx issued an apology via its official Weibo account, promising to cooperate with government oversight and the artist team to review the environmental impact of the project, and to engage a third-party environmental organization for assessment [1]

9月22日，安踏体育用品有限公司（以下简称"安踏集团"或"安踏体育"）股价开盘下跌4.6%，盘中一度 跌超7%。截至上午收盘，安踏体育股价下跌3.56%，报93.35港元/股，当日上午总市值已蒸发96.85亿港 元。 新华社文中提到，遵守法律法规是底线，而对生态环境和自然的敬畏是高线。在世界屋脊，保护生态环 境的红线理应比底线站得更高。守护好这里的生灵草木、万水千山，才是捍卫这片净土的更高准则。查 问题的同时，更要尽快对燃放地开展生态评估，尽早推动生态修复。烟花燃放后的化学残留物，即便肉 眼不可见，一旦渗入高寒草甸土壤或水源，将对当地的土壤、植被、动物乃至饮用水造成长期且难以逆 转的危害。对于造成的损害，要尽最大努力及时补救。 福州公孙策公关合伙人詹军豪对《证券日报》记者表示，此次活动与始祖鸟"敬畏自然""与自然和谐共 生"的品牌理念相悖。在生态脆弱的喜马拉雅山脉燃放烟花，易引发公众对品牌"言行不一"的质疑，削 弱品牌理念传播效果，损害品牌长期建立的环保形象。 从财报来看，今年上半年，安踏集团收入同比增长14.3%至385.4亿元，股东应占溢利同比增长14.5%至 70.31亿元，经营利润同比增长17%至10 ...