1-3 Month Retail Sales Grew 10-20% Anta Shares Soared And Market Capitalization Was $4 Billion.

Anta sports announced its first quarter results on Friday.

In 1-3 months, Anta sports brand Anta retail sales recorded a low growth rate of 10-20% compared with the same period last year, while other brand retail sales recorded an increase of 65-70% compared with the same period last year.

XTEP International's first quarter retail sales, which announced its initial results earlier this week, continued to record double-digit growth in high 20+%, including a double-digit increase in same store sales.

XTEP International said that during the Chinese new year promotion, the discount rate was about 25% off and the inventory period was four months.

The above data show that although the performance has slowed down compared with the same period last year, the sports and sporting goods industry has maintained a strong performance in the overall slowdown in the growth of retail sales of consumer goods in China, especially the high-end leisure sports brands represented by FILA.

In 2018, Anta brand retail sales recorded a growth in the middle of 10-20%, while the other brand retail sales recorded an increase of 85-90% compared with the same period last year, stimulating Anta sports overall revenue growth in 2018 to soared 44.4% to 24 billion 100 million yuan, which was higher than that of three other domestic sports players Li Ning Co Ltd (2331.HK), XTEP international and 31st degree income in the same period. Three companies earned 10 billion 510 million 900 thousand yuan, 6 billion 383 million 200 thousand yuan and 5 billion 187 million 400 thousand yuan in 2018 respectively.

Anta sports made a profit of 4 billion 102 million 900 thousand yuan last year, which is 2.44 times the total profits of the three companies mentioned above. Lining, XTEP and 331 degrees last year were 715 million 300 thousand yuan, 656 million 500 thousand yuan and 303 million 700 thousand yuan respectively.

Last year, Fujian announced the acquisition of Amer Sports (AMEAS.HE) Ya Amin sports, supplemented by a 4 billion 600 million euro trading in the high-end brand and the short board of the outdoor and extreme sports category. It was supported by FountainVest Partners Fang Yuan capital, Tencent Technology (0700.HK), Lululemon Athletica Inc. (NASDAQ:LULU) Lulu lemon founder, Chip Chip.

After the event, Anta sports rose 5.17% on Friday to HK $53.50, corresponding to HK $143 billion 659 million, hitting a record high of HK $53.80.

Morocco believes that in the next 15 days, Anta sports will win the sporting goods industry, maintain its "overweight" rating and the target price of HK $60, and commend the Fujian company as one of the strongest domestic demand stocks in mainland China. With the acquisition of AMF, it will further enhance its profitability. In fiscal 2019-2021, the compound growth rate of earnings is 20%, the compound growth rate of revenue is 19%, corresponding to 1.89, 2.29 and 2.69 yuan EPS, and the profit growth is expected to be 31% to 5 billion 355 million yuan in the current fiscal year, which will increase to 21% yuan next year.

So far this year, Anta sports shares have surged 42.48%, while Lining, XTEP and 31st degree respectively recorded an increase of 59.76%, 17.41% and 3.68% respectively.