ANTA Sports Products : Achieves Record-high Results, With Revenue Surpassing RMB62.3 Billion in 2023

Download PDF Version ANTA Sports Achieves Record-high Results, With Revenue Surpassing RMB62.3 Billion in 2023

(Hong Kong SAR, 26 March, 2024) - ANTA Sports Products Limited ("ANTA Sports" or the "Company", stock codes: 2020 (HKD counter) and 82020 (RMB counter), and its subsidiaries collectively the "Group") today announced its audited annual results for the year ended 31 December 2023 (the "financial year").

Financial and Operational Highlights

• Adhering to the principles of "Long-termism", multi-brand strategy has achieved remarkable results:
  The Group's revenue reached another record high in 2023, with a year-on-year increase of 16.2% to RMB62.36 billion. The Group firmly secured top position in the Chinese market. The Group's operating profit margin increased by 3.7% point to 24.6% compared to the previous year, indicating a significant improvement in operational efficiency. From the brands perspective:
  
  • ANTA segment revenue grew by 9.3% year-on-year to RMB30.31 billion, with its operating profit margin rising by 0.8% point to 22.2%, solidifying its leading position in the Chinese sportswear market;
  • FILA segment revenue increased by 16.6% year-on-year to RMB25.10 billion, with its operating profit margin rising by 7.6% point to 27.6%. Its growth outpaced that of major international brands of similar scale;
  • The total revenue of all other brands surged by 57.7% year-on-year to RMB6.95 billion, with the operating profit margin rising by 6.5% point to 27.1%, sustaining its rapid upswing;
• Steadily increasing shareholders' return:
  • The Board has recommended a final dividend of HK115 cents, total ordinary dividends per share is HK197 cents, increased by 47.0% year-on-year; ordinary payout ratio reaches 50.7%, increased by 6.4% point;
• Stabilizing employment, advocating diversity, and valuing talent development:
  • As at the end of 2023, the total number of employees in the Group had approximately 60,500, maintaining positive growth from the end of 2022; the proportion of female executives further increased to 36.6%;
• Continuously leading the industry with innovative R&D investment:
  • The annual R&D investment exceeded RMB1.6 billion, with the R&D expenditure to revenue ratio continuing to increase;
• Amer Sports, Inc. was successfully listed in 2024, and the operation of the Group's joint venture in 2023 continues to improve significantly:
  • Revenue increased by 30.1% year-on-year to RMB31.25 billion;
  • EBITDA increased 45.4% year-on-year to RMB3.75 billion;
• Robust financial position with strong cash flow: operating cash inflow reached RMB19.63 billion, a 61.6% increase year-on-year;
• Comprehensive deepening of the value of Mutualism:
  • Mutualism with the Society: donated a total of RMB59 million in cash and over RMB250 million of sports products (calculated at tag value) to various charitable organizations;
  • Mutualism with the Environment: a 3.6% reduction in total GHG emission intensity and a 9% reduction in total water consumption intensity; sustainable products and packaging account for nearly 20%.

Lai Shixian, Executive Director & Co-CEO of ANTA Sports, said, "The Group will firmly adhere to the development strategy of 'Single-focus, Multi-brand, Globalization', continuously exploring the path of globalization through its unique business model of Brand + Retail. The 'Multi-brand' approach aligns with the diverse consumer demands in the multi-level and full range of scenarios in the Chinese sportswear market, instilling us with confidence in the future prospects of the Chinese market and the Group's development. As 2024 Paris Olympics approaches, Chinese athletes will once again compete on the Olympic stage with ANTA's sportswear. We will continue to strengthen our core competitiveness of 'Multi-brand Synergistic Management Capabilities', Multi-brand Retail Operations Capability' and 'Global Operations and Resources Deployment Capability'. We are committed to adhering to long-termism and creating value for consumers through focusing on differentiated brand positioning. We are making ANTA Sports a global name with a vision to become a leading multi-brand sportswear group in the world."

- End -

For more 2023 annual results-related documents and information about the Company, please visit our investor relations website http://ir.anta.com.

About ANTA Sports
ANTA was established in 1991, while ANTA Sports Products Limited, a widely recognized global sportswear company, was listed on the Main Board of HKEx in 2007 (Stock Codes: 2020 (HKD counter) and 82020 (RMB counter)). The mission of the Company is to integrate the sports spirit of "Going Beyond Oneself" into everyone's daily life. ANTA Sports principally engages in design, R&D, manufacturing, marketing and sales of professional sports products including footwear, apparel and accessories. Over the years, the Company formed three brand groups: Performance Sports Brands, Fashion Sports Brands and Outdoor Sports Brands, empowering everyone who loves sports. By embracing an all-round brand portfolio including ANTA, FILA, DESCENTE and KOLON SPORT, ANTA Sports aims to unlock the potential of both the mass and high-end sportswear markets. ANTA Sports is also the largest shareholder of Amer Sports, Inc., a global group of iconic sports and outdoor brands, including Arc'teryx, Salomon, Wilson, Peak Performance, and Atomic, whose shares are listed on the New York Stock Exchange (NYSE: AS).

IR website: http://ir.anta.com
WeChat official account: antatiyu_20070710

For further information, please contact:
ANTA Sports Products Limited
Investor Relations Department
Tel: [phone]
Fax: [phone]
E-mail: [e-mail]

Citigate Dewe Rogerson
Linda Pui
Tel: [phone]
Email: [e-mail]