Analyst

Steve Zhou, CFA

15 years of experience in both buy and sell-side in Asia.

Anta Sports (2020 HK):  In-Line 4Q23 Operational Update + Submission Of Amer Sports Listing On NYSE

Anta Sports (2020 HK):  2024 High Conviction Update - Earnings Beat In 2H23

Anta/Li Ning/Xtep:  China Sportswear 1Q24 Update

Anta Sports (2020 HK):  Most Resilient In Industry Down-Cycles

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/anta-sports-products-ltd" target="_blank" data-smartkarma-citation="entities:10261:1" rel="noopener">Anta Sports Products (2020 HK)</a> announced a set of strong 3Q23 operating data yesterday after market close.</li>
<li>Both Anta and Fila brands performed well in a challenging macro environment in China in 3Q23, with 3Q22 being a high base.  </li>
<li>Another bright spot is that other brands outside of Anta and Fila grew 45-50% yoy in 3Q23, with Descente up 40-45% yoy and Kolon up 65-70% yoy.</li>
</ul>



Anta Sports Products (2020 HK) announced a set of strong 3Q23 operating data yesterday after market close.
Both Anta and Fila brands performed well in a challenging macro environment in China in 3Q23, with 3Q22 being a high base.  
Another bright spot is that other brands outside of Anta and Fila grew 45-50% yoy in 3Q23, with Descente up 40-45% yoy and Kolon up 65-70% yoy.


Anta Sports (2020 HK):  Strong 3Q23 Update