Anta Sports shares surged 7.7% in early Hong Kong trading on Wednesday after the Chinese sportswear maker reported stronger-than-expected first-half earnings, pushing its stock to the highest level since early August.
The company’s Hong Kong-listed shares rose to HK$77.40 by 06:47 GMT, up from HK$71.85 the previous close. Revenue for the six months ended June increased 12.9% to 43.51 billion yuan ($6.47 billion), while profit attributable to shareholders—excluding a one-time gain from the dilution of its stake in Amer Sports—climbed 12.9% to 7.94 billion yuan.
Anta declared an interim dividend of 1.51 Hong Kong dollars per share. The earnings beat was attributed to its multi-brand strategy and the “Brand+Retail” business model, with demand in China’s sportswear sector remaining resilient despite broader consumer slowdowns.
Premium professional sports, outdoor categories, and women’s sports continued to drive growth, while Southeast Asia was highlighted as a key area for future international expansion. Anta is the largest shareholder of Amer Sports, whose shares closed at $31.59 on August 25, up 1.12% for the day.
Analysts noted that Anta’s performance underscored the strength of its diversified portfolio, which includes domestic brands and international partnerships, in navigating shifting consumer preferences across both domestic and emerging markets.
