Anta Maintained Double-Digit Growth In The First Quarter And Recorded 10-20% Growth.

Anta sports (2020.HK) announced its first quarter results on Friday.

In 1-3 months, Anta sports brand Anta retail sales recorded a low growth rate of 10-20% compared with the same period last year, while other brand retail sales recorded an increase of 65-70% compared with the same period last year.

The above data show that although the performance has slowed down compared with the same period last year, the sports and sporting goods industry has maintained a strong performance in the overall slowdown in the growth of retail sales of consumer goods in China, especially the high-end leisure sports brands represented by FILA.

In 2018, Anta brand retail sales recorded a growth in the middle of 10-20%, while the other brands' retail sales increased by 85-90% compared with the same period last year, stimulating Anta sports overall revenue growth in 2018 to soared 44.4% to 24 billion 100 million yuan, which was higher than that of three other domestic sports players Li Ning Co Ltd (2331.HK), XTEP International (1368.HK) and 31st degree (1361.HK) in the same period, and three companies earned 10 billion 510 million 900 thousand yuan, 6 billion 383 million 200 thousand yuan and 5 billion 187 million 400 thousand yuan in 2018 respectively.

Anta sports last year, 4 billion 102 million 900 thousand yuan, is the total of the three companies, the total profit of 2.44 times, Lining, XTEP and 331 degree of pure profit of last year were 715 million 300 thousand yuan, 656 million 500 thousand yuan and 303 million 700 thousand yuan.

Last year, Fujian announced the acquisition of Amer Sports (AMEAS.HE) amamin sports, supplemented by a 4 billion 600 million euro trading in the short board of high-end brands and outdoor and extreme sports categories. It was supported by FountainVest Partners Fang Yuan capital, Tencent Technology (0700.HK), Lululemon Athletica Inc. (NASDAQ:LULU) Lulu lemon founder, Chip Chip.

After the event, Anta sports rose 5.17% on Friday to HK $53.50, corresponding to HK $143 billion 659 million, and hit a record high of HK $53.80.

Morocco believes that in the next 15 days, Anta sports will win the sporting goods industry, maintain its "overweight" rating and the target price of HK $60, and commend the Fujian company as one of the strongest domestic demand stocks in mainland China. With the acquisition of AMF, it will further enhance its profitability. In fiscal 2019-2021, the compound growth rate of earnings is 20%, the compound growth rate of revenue is 19%, corresponding to 1.89, 2.29 and 2.69 yuan EPS, and the profit growth is expected to be 31% to 5 billion 355 million yuan in the current fiscal year, which will increase to 21% yuan next year.

So far this year, Anta sports shares have surged 42.48%, while Lining, XTEP and 31st degree respectively recorded an increase of 59.76%, 17.41% and 3.68% respectively.