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Article Date: August 2021
Word Count: 650

Anta Sports Posts Huge First Half Gains


Net income attributable to shareholders of RMB 3,840 million ($594 mm), up 132% from RMB 1,658 million for the first half ended June 30, on revenue that was up 56% to RMB 22,812 million ($3,529 mm) over RMB 14,669 million. Gross margin increased 640 b.p. to a record 63.2%, with all segments improving efficiencies. Footwear was up 65% to RMB 8,834 million; apparel gained 50% to RMB 13,230 million; while accessories hit RMB 748, up 44%. The e-commerce channel was up 61% over the prior year, inching up to 27% of sales compared to 26% in H1 ’20.

 

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