Shares of Anta Sports Products surged 7.7% to HK$77.4 by 06:47 GMT on Wednesday after the Hong Kong-listed sportswear company reported a 12.9% increase in revenue and underlying profit for the six months ended June, despite a challenging consumer environment.
The company posted revenue of 43.51 billion yuan ($6.47 billion) for the period, up from 38.54 billion yuan a year earlier. Profit attributable to shareholders, excluding a one-time gain from the dilution of its stake in Amer Sports, rose 12.9% to 7.94 billion yuan. Anta also declared an interim dividend of 1.51 Hong Kong dollars per share.
Amer Sports, in which Anta Sports is the largest shareholder, reported first-half revenue of 24.71 billion yuan, compared with 19.86 billion yuan in the same period last year. The company attributed its performance to its multi-brand strategy and "Brand+Retail" business model, which helped offset broader consumer spending weakness.
Demand for sportswear in China remained resilient, with industry retail sales outpacing broader consumer trends. The company highlighted strong momentum in premium professional sports, outdoor categories, and women's sports. Emerging markets, particularly Southeast Asia, were identified as key growth opportunities for further international expansion.
Anta's shares reached their highest level since August 4, reflecting investor confidence in the company's ability to sustain growth amid macroeconomic headwinds.
