ANTA Sports Products (HKG:2020) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥70.8b (up 14% from FY 2023).
• Net income: CN¥15.6b (up 52% from FY 2023).
• Profit margin: 22% (up from 16% in FY 2023).
• EPS: CN¥5.55 (up from CN¥3.69 in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

ANTA Sports Products Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 17%.

The primary driver behind last 12 months revenue was the ANTA Brand segment contributing a total revenue of CN¥33.5b (47% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to CN¥25.6b (90% of total expenses). Explore how 2020's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in Hong Kong.

Performance of the Hong Kong Luxury industry.

The company's shares are down 4.7% from a week ago.

Risk Analysis

You still need to take note of risks, for example - ANTA Sports Products has 1 warning sign we think you should be aware of.

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