Movement Alert|ANTA SPORTS Falls 3.06% in Regular Trading, Market Digests Core Brand Growth Slowdown Despite Record Revenue

Market Focus
Sep 02

On September 2, ANTA SPORTS fell 3.06% in regular trading, trading at HK$75.95 per share, with turnover of HK$220 million. The decline came as the market continued to digest concerns over decelerating growth at the company's two core brands following the release of interim results.

Although the group reported record first-half revenue of RMB 43.51 billion, up 12.9% year-over-year, investor focus has shifted to the structural imbalance in growth drivers. The flagship ANTA brand and FILA posted revenue growth of just 4.8% and 6.1% respectively, both falling to single-digit levels. Approximately two-thirds of the group's incremental revenue was contributed by smaller brands including DESCENTE and KOLON SPORT, which collectively surged 44.2%. Multiple brokerages have maintained buy ratings with targets ranging from HK$91.40 to HK$110.91, citing improving margins and overseas expansion potential, yet near-term sentiment remains cautious given the core brand deceleration.

The broader Apparel, Accessories and Luxury Goods sector also traded lower, with LAOPU GOLD down 2.99%, CHOW SANG SANG down 2.62%, SHENZHOU INTL down 1.70%, and LI NING down 1.05%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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