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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  ANTA Sports Products Limited    2020   KYG040111059

ANTA SPORTS PRODUCTS LIMITED

(2020)
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ANTA Sports Products : 1st Half Net Profit Fell 29% on Year as Pandemic Weighed on Revenue

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08/25/2020 | 06:55am EDT

By Kosaku Narioka

Anta Sports Products Ltd. said Tuesday that its first-half net profit fell 29% from a year earlier, as the Covid-19 pandemic weighed on sales.

The Chinese sportswear maker said net profit fell to 1.66 billion Chinese yuan ($239.9 million) in the first six months of 2020.

Revenue declined 1.0% from a year earlier to CNY14.67 billion. The pandemic led to wholesale-order cancellations and temporary store closures, though e-commerce growth cushioned the fall, the company said.

Increased selling and distribution expenses as well as administrative costs also hurt the bottom line, it said.

 

Write to Kosaku Narioka at kosaku.narioka@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
ANTA SPORTS PRODUCTS LIMITED -3.72% 86.6 End-of-day quote.24.16%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.11% 6.68921 Delayed Quote.-3.77%
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Financials
Sales 2020 35 964 M 5 367 M 5 367 M
Net income 2020 5 298 M 791 M 791 M
Net cash 2020 5 628 M 840 M 840 M
P/E ratio 2020 38,2x
Yield 2020 0,85%
Capitalization 202 B 30 207 M 30 131 M
EV / Sales 2020 5,46x
EV / Sales 2021 4,12x
Nbr of Employees 32 000
Free-Float 38,9%
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Technical analysis trends ANTA SPORTS PRODUCTS LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 34
Average target price 81,31 CNY
Last Close Price 74,69 CNY
Spread / Highest target 21,4%
Spread / Average Target 8,86%
Spread / Lowest Target -41,0%
EPS Revisions
Managers
NameTitle
Shi Zhong Ding Chairman & Chief Executive Officer
Shi Xian Lai CFO, COO, Director & VP
Shi Jia Ding Deputy Chairman
Wen Mo Wang Non-Executive Director
Yong Hua Wu Executive Director & CEO-Performance Sports Brand
Sector and Competitors
1st jan.Capitalization (M$)
ANTA SPORTS PRODUCTS LIMITED24.16%30 207
PUMA SE16.20%14 516
DECKERS OUTDOOR CORPORATION55.04%7 151
ALPARGATAS S.A.27.98%4 113
CROCS, INC.24.71%3 545
YUE YUEN INDUSTRIAL (HOLDINGS) LIMITED-41.39%2 803