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    2020   KYG040111059

ANTA SPORTS PRODUCTS LIMITED

(2020)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

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

08/25/2020 | 05:55am 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 6.41% 176 End-of-day quote.43.21%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.27% 6.47314 Delayed Quote.-0.60%
All news about ANTA SPORTS PRODUCTS LIMITED
06/18ANTA SPORTS PRODUCTS  : Nomura Adjusts Anta Sports Products' Price Target to HK$..
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06/18ANTA SPORTS PRODUCTS  : Expects 110% Surge in H1 Profit
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05/21Chinese Consumer Stocks Jump Amid Hopes for Policy Support
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05/20Hong Kong Hang Seng Index Down 0.5% On Oil, Crypto Issues; Tech Rallies
MT
05/18Hong Kong Hang Seng Up 1.4%, Oil and Tech Issues Strong
MT
05/11ANTA SPORTS PRODUCTS LIMITED : Ex-dividend day for final dividend
FA
05/10Hong Kong Hang Seng Marginally Lower, Tech Issues Weak
MT
05/09ANTA SPORTS PRODUCTS  : Cuts Conversion Price of $1.2 Billion Euro-Denominated B..
MT
05/06ANTA SPORTS PRODUCTS  : Voting results of the annual general meeting held on 7 m..
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More news
Financials
Sales 2021 48 603 M 7 517 M 7 517 M
Net income 2021 8 127 M 1 257 M 1 257 M
Net cash 2021 9 348 M 1 446 M 1 446 M
P/E ratio 2021 49,2x
Yield 2021 0,70%
Capitalization 390 B 60 383 M 60 265 M
EV / Sales 2021 7,82x
EV / Sales 2022 6,46x
Nbr of Employees 41 000
Free-Float 41,8%
Chart ANTA SPORTS PRODUCTS LIMITED
Duration : Period :
ANTA Sports Products Limited Technical Analysis Chart | MarketScreener
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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 40
Average target price 138,15 CNY
Last Close Price 146,29 CNY
Spread / Highest target 19,4%
Spread / Average Target -5,57%
Spread / Lowest Target -66,5%
EPS Revisions
Managers and Directors
NameTitle
Shi Zhong Ding Chairman & Chief Executive Officer
Shi Xian Lai Chief Financial Officer & Executive Director
Zhong Chuan Dai Independent Non-Executive Director
Kin Wah Yiu Independent Non-Executive Director
Hin Wing Lai Independent Non-Executive Director
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