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Anta Sports First-Half Net Profit Soared on Sales Rebound

   By Clarence Leong 

Anta Sports Products Ltd.'s first-half net profit more than doubled to 3.84 billion yuan ($592.5 million), thanks to sales rebounding from last year's Covid-19 impact.

Revenue for the period was CNY22.81 billion, a 56% expansion from a year earlier, the company said Tuesday. The company's ANTA segment, which contributed close to half of its overall revenue, reported a 56% increase in revenue thanks to a growing e-commerce business and better retail performance as customer demand rose. Anta Sports' gross profit margin widened 6.4 percentage points to 63.2%.

The Chinese sportswear maker said it will focus on achieving sustainable growth rather than just targeting absolute growth rate. A key part of its strategy lies in digital transformation, which will improve its overall operation efficiency, it said.


Write to Clarence Leong at


(END) Dow Jones Newswires

August 24, 2021 00:57 ET (04:57 GMT)

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