ANTA Sports Products Limited, a leading sportswear company in China, announced its audited annual results for the year ended 31st December 2019.
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ANTA Sports maintained double-digit growth in revenue and profit for the sixth consecutive year. The revenue is increased by 40.8% to RMB33.93 billion, reflecting a strong growth of over 40% for two consecutive years, of which revenue of ANTA brand reached RMB17.45 billion, up 21.8% and revenue of FILA brand reached RMB14.77 billion, up 73.9%.Profit from operations increased by 52.5% to RMB8.69 billion, of which profit from operations of ANTA brand reached RMB4.68 billion, up 26.2% and profit from operations of FILA brand reached RMB4.02 billion, up 87.1%.
Profit attributable to equity shareholders was RMB5.34 billion, up 30.3%, reaching a new high and maintaining a growth of 30% or above for three consecutive years.
Final dividend is HK36 cents per ordinary share. Total dividends of HK67 cents per ordinary share.
Overall gross profit margin was 55.0%, operating profit margin was 25.6%, margin of profit attributable to equity shareholders was 15.8%. Free cash inflow was RMB6.43 billion.
The group has a total of 12,943 stores, among which number of ANTA stores (including ANTA KIDS standalone stores) in Mainland China stood at 10,516, number of FILA stores (including FILA KIDS and FILA FUSION standalone stores) in Mainland China, Hong Kong, Macao and Singapore stood at 1,951 and the number of DESCENTE in Mainland China reached 136. Retail sales (in terms of the retail value) of ANTA and FILA branded products for the full year of 2019 increased by mid-teens and 55-60%, respectively, compared to the same period of 2018.
Ding Shizhong, Chairman and CEO of ANTA Sports, said, “ Under the ongoing changes in industry and consumer environments, this presents an excellent window for the Group to improve efficiency and carry forward effective reforms. We will reconstruct our mindset around consumer-orientation, believe in long-term development and pursue high-quality growth. We will also uphold the principle of organic business operation to achieve effective management and actively seek opportunities in various crises.”
“Given the status quo, brands under the Group will join hands together and provide better services in innovative ways for global consumers. Our goal of achieving retail sales value of RMB 200 billion by 2025 remain the same,” continued Ding Shizhong.