安踏体育- 分析师会议要点及 2026 年详细盈利展望

Flash | 25 Mar 2026 10:58:54 ET │ 11 pages Anta Sports Products (2020.HK) Analyst briefing takeaways & detailed 26E outlook CITI'S TAKE On the analyst briefing this afternoon (Mar 25), mgt's guidance for 26E outlook remained largely unchanged vs. Jan (see our Jan 20 note: Anta – In-line 2025 retail sales; pragmatically prudent 26E outlook) — Fila biz: +MSD YoY retail sales with ~25% of OPM in 26E (vs 26.1% in 2025); Anta biz: +LSD YoY retail sales with ~20% of OPM in 26E (vs. 20.7% in 2025); Other brands (e ...