The Zhitong Finance App learned that Anta Sports (02020) rose more than 3% in early trading. As of press release, it had risen 2.77% to HK$74.1, with a turnover of HK$154 million.

According to the news, Anta Sports plans to hold a board meeting on August 26 to approve the interim results. The company previously released operating data for the second quarter. During the period, retail sales of the Anta brand increased by a low number of units year on year, retail sales of the FILA brand increased by a low number of units year on year, and retail sales of all other brands increased by 25%-30% year on year.

SPDB International released a research report saying that the two major brands performed better than their peers in the second quarter; other brands maintained a high growth rate, and the multi-brand strategy continued to deepen. The bank pointed out that based on the turnover performance of various brands in the first half of the year, it is predicted that the company's overall revenue for the first half of the year will increase by about 13% year on year. Stable retail discounts for the two major brands and the continued improvement of the overall brand structure are expected to offset the negative impact of Wolf Claw. Overall gross margin is expected to remain stable or increase slightly year-on-year in the first half of the year.

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