After the closing on August 22, Chinese sportswear giant ANTA Group (02020.HK) released its financial results for the first half of 2023. The results highlight the success of the group’s “Focused on Singles, Multi-Branded, Globalized” strategy, with a 14.2% year-on-year increase in revenue to 29.65 billion yuan, more than double the figure for the same period in 2019. Net profit also saw a substantial 39.8% year-on-year growth to 5.26 billion yuan.
Among the details, the revenue of ANTA’s main brand increased by 6.1% year-on-year to 14.17 billion yuan, while FI …
