China : ANTA SPORTS 2014 net profit up 29%
This announcement is published on a voluntary basis by the board of directors (the “Board”) of ANTA Sports Products Limited (the “Company”, together with its subsidiaries, the “Group”) to provide an operational update on the Group’s business in China.
Trade Fair Results for the Third Quarter of 2015 Despite the situation of China’s sportswear industry has been gradually improving, there remains challenges arising from the lack of product differentiation generally and intense competition among the market players. Leveraging on the Group’s brand equity, differentiated products and well-managed retail channel, retailers' profitability as well as their operational efficiency has been improving.
The order value (at wholesale value) for the Group’s trade fair in the third quarter of 2015, which was concluded in December 2014, maintained its positive growth with a low double-digit increase, on a year-on-year basis, further signaled the Group’s capability to achieve sustainable growth.
Same-store Sales Growth for the Fourth Quarter of 2014
In respect of ANTA retail stores operated by distributors and franchisees of the Group, which have been in operation for more than one year, the same-store sales growth (at retail value) of ANTA branded products for the fourth quarter of 2014 increased by a high single-digit when compared to the same period of 2013.
This announcement is based on the Board’s preliminary review of the draft unaudited operational data of the Group and the information currently available to the Board, and it is not based on any figures and information which have been audited or reviewed by the Group’s auditors. The trade fair results and same-store sales growth data do not constitute, represent or indicate the full picture of the Group’s total revenue or financial performance and the information contained in this announcement may be subject to change and adjustment.
Shareholders of the Company and potential investors are advised to exercise caution when dealing in the Company’s securities.
By Order of the Board / ANTA Sports Products Limited / Ling Shing Ping / Company Secretary
Hong Kong, 11 February 2015
As at the date of thi s announcement , the execut ive di rector s are Mr. Ding Shi zhong, Mr. Ding Shi j ia, Mr. Lai Shixian, Mr. Wang Wenmo, Mr. Wu Yonghua and Mr. Zheng Jie; and the independent non-execut ive di rectors are Mr. Yeung Chi Tat , Mr. Lu Hong Te and Mr. Dai Zhongchuan.
Source Anta Sports by press release ©