业务上，户外功能性服饰营收28.56亿美元，同比增长30%；山地户外服饰及装备营收24.04亿美元，同 比增长31%，萨洛蒙年销售额首破20亿美元；球类及球拍装备营收13.07亿美元，同比增长13%。 本报讯 2月24日晚间，亚玛芬体育披露2025年第四季度及全年财务业绩。财报显示，2025年第四季度， 亚玛芬体育实现营收21.01亿美元，同比增长28%；营业利润达2.28亿美元，同比增长18%，调整后营业 利润达2.63亿美元，同比增长18%。 2025年全年，亚玛芬体育营收65.66亿美元，同比增长27%，营业利润7.02亿美元，同比增长49%，调整 后营业利润为8.38亿美元，同比增长45%。 首席财务官Andrew Page表示，公司财务基础稳固，净杠杆率低、经营性现金流充足。在各业务板块支 撑下，对2026年再创佳绩充满信心。 （文章来源：证券日报） 区域市场中，大中华区实现营收18.62亿美元，同比增长43.4%；亚太地区实现营收7.73亿美元，同比增 长50.7%；美洲地区实现营收21.26亿美元，同比增长14.3%；欧洲、中东和非洲地区（EMEA）实现营 收18.06亿美元，同比增长19.3% ...

Core Insights - Amer Sports reported a 23% year-over-year revenue growth in Q2 2025, reaching $1.236 billion [1] - The company expects a full-year revenue growth of 20-21%, with a gross margin of approximately 57.5% and an operating profit margin of 11.8-12.2% [2] Revenue Breakdown - Outdoor functional apparel segment grew 23% to $509 million [1] - Mountain outdoor apparel and equipment segment saw a 35% increase to $414 million [1] - Ball and racket equipment segment increased by 11% to $314 million [1] Regional Performance - Greater China revenue grew 42% to $410 million [1] - Asia-Pacific (excluding Greater China) revenue increased by 45% to $155 million [1] - Americas revenue rose by 6% to $395 million [1] - EMEA region revenue grew 18% to $276 million [1] Channel Performance - Direct-to-consumer (DTC) channel revenue increased by 40% to $641 million [1] - As of June 30, the number of outdoor functional apparel stores increased by 12% to 227 [1] - Mountain outdoor apparel and equipment stores grew by 58% to 256 [1] - Ball and racket equipment stores increased by 142% to 63 [1] Store Expansion - Arc'teryx added 7 new stores, with growth in footwear and women's categories [1] - Salomon's DTC channel grew by 63%, with a net addition of 16 stores in Greater China, totaling 234 [1] - Wilson's footwear business revenue doubled, with plans to open 50 new tennis 360 stores in China this year [1]