Business Intelligence on Retailing, Franchising, and Consumerism in China

Anta Reported Net Profit Of CNY1.36 Billion In 2012

Chinese sportswear company Anta published its performance report for 2012, stating that its net profit was CNY1.36 billion during the reporting period.

According to the report, the company's operating revenue decreased by 14.4% to CNY7.62 billion; its gross margin decreased by 4.3 percentage points to 38%; and its profit attributable to shareholders was CNY1.359 billion. At the same time, the company's basic earnings per share decreased by 21.5% to CNY0.54; while its free cash inflow increased by 32% to CNY1.61 billion.

By the end of 2012, the number of Anta's retail stores and sports lifestyle series stores was 8,075; the number of its children's sporting products stores was 833; and the number of its Fila specialty stores in mainland China, Hong Kong, and Macau was over 300.

In addition, Anta revealed its order performance for 2013. The company said starting from the order meeting for the first quarter of 2013, it adopts a new wholesale discount policy. During its order meeting for the third quarter of 2013 ended January this year, the company's order amount decreased by about 10% to 20% year-on-year by wholesale value; however, the decrease rate was lower than that of the order meetings for the first and second quarter.

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