安踏体育-2025 年第一季度更新：斐乐及小品牌带来积极惊喜，宣布收购杰克狼爪；买入

11 April 2025 | 12:58AM HKT Anta Sports Products (2020.HK): 1Q25 update: Positive surprises from Fila/small brands, announced acquisition of Jack Wolfskin; Buy Anta reported 1Q25 operational update with Anta core/Fila/other brands (Descente, Kolon, MAIA) delivering HSD/HSD/close to 70% yoy despite relatively high base, which we believe is above investor expectations, especially on Fila (though the market expectation gradually moved up recently) and other brands, including first discussion on MAIA which grew ...