Pushing back against a number of short sellers who have questioned its accounting practices, Anta said preliminary results for H1 would show an operating profit of approximately RMB 2.689 billion ($390.8 mm), up 38% from RMB 1.945 billion last year. Revenues rose more than 35%, Anta said, compared to last year’s RMB 10,553.5 million ($1,533.7 mm) for all Anta brand and other products. Operating margin rose more than sales as a result of a greater mix of owned stores this year, early receipt of unspecified government grants and a stable expense ratio.

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