Shares in Anta Sports Products jumped more than 17 per cent yesterday on a narrower-than-expected decline in net profit for the first half, as investors shrugged off a caution from management that demand in the sportswear industry is unlikely to rebound in the short term.Wednesday, 15 August, 2012, 11:07pm
Anta Sports Products, one of the leading branded sportswear companies on the mainland, said expansion would slow this year as competition intensified.
The less-than-bullish forecast came as the company announced an 11 per cent year-on-year growth in net profit for last year.21 Feb 2012 - 12:00am
Anta Sports Products (2020), which makes and retails sportswear on the mainland, fell 14 per cent on October 14. The drop came the day after an industry event in Beijing in which the firm told analysts about an expected sales slowdown.24 Oct 2011 - 12:00am
Hong Kong-listed fashion sportswear firm Xtep International Holdings announced a healthy 26 per cent rise in its revenue to 2.57 billion yuan (HK$3.13 billion) for the six months ended June 30.22 Aug 2011 - 12:00am
Macau-based Infinity Chemical, a glue maker for shoes, is seeking up to HK$93.75 million in a Hong Kong initial public offering. The company, which will move its two production plants in Zhuhai and Zhongshan to Nansha, is building two more factories in Vietnam and Bangladesh.29 Jul 2010 - 12:00am
Li Ning, the biggest mainland sportswear retailer, posted a 31 per cent jump in net profit to 945 million yuan (HK$1.07 billion) last year mainly due to expansion into second and third-tier mainland cities.
The company's revenue was 8.39 billion yuan last year, up 25.4 per cent from 6.69 billion yuan in 2008.18 Mar 2010 - 12:00am
Mainland sportswear retailer 361? International is following in the footsteps of its four biggest domestic rivals by seeking a market listing.
It hoped to raise at least US$200 million in a Hong Kong initial public offering to fund expansion, with the addition of 1,500 new outlets to take its total to more than 7,000 by the end of next year, sources said.11 Jun 2009 - 12:00am
A shoemaker and retailer based in Fujian, 361 Degrees, plans to raise about US$200 million from an initial public offering in Hong Kong next year, sources said.
Credit Suisse and Merrill Lynch have been appointed to arrange the transaction. A spokesman at 361 Degrees said the company planned to sell shares but did not yet have details on the size of the issue or its timing.25 Aug 2008 - 12:00am
Growth strategy helps firm get set for mainland market that is quickly escalating
The upcoming Beijing Olympics is helping to raise awareness of Chinese products, with sportswear brands in particular seeing major growth. Industry experts say the sportswear market, valued at 41billion yuan (HK$46.4billion) in 2007, will nearly double to 71billion yuan by 2010.19 Jun 2008 - 12:00am
Shares of mainland fashion sportswear maker Xtep International Holdings dropped 6.17 per cent on their trading debut yesterday.
The shares, which were priced at HK$4.05 each, the bottom of the offering's indicative range, to raise HK$2.23 billion, fell 25 HK cents to close at HK$3.80.4 Jun 2008 - 12:00am
Shares of Li Ning rose to a record yesterday after the country's top sportswear maker posted a 60.6 per cent increase in net earnings and forecast sales this year would be boosted by the Beijing Olympics.20 Mar 2008 - 12:00am
Anta Sports Products reported on Wednesday a 260 per cent jump in last year's profit to 537.8 million yuan (HK$590.5 million). But despite its rapid growth, some have begun asking: What lies beyond the Beijing Olympic Games for this Fujian sportswear maker that started as a family-style sports shoe workshop?17 Mar 2008 - 12:00am
Fujian-based sportswear manufacturer Anta Sports Products sees even better times ahead this year after reporting profit expansion of 3.6 times for last year.13 Mar 2008 - 12:00am
Shares of sportswear maker Anta Sports Products and sanitary paper manufacturer Vinda International made better than expected gains on their trading debuts yesterday, reflecting investors' strong appetite for mainland consumer plays.
Anta shares surged as much as 50 per cent and closed at HK$7.51, surpassing its initial public offering price of HK$5.28 by 42 per cent.11 Jul 2007 - 12:00am
Shares in Anta Sports Products and Vinda International are likely to post modest gains on their trading debuts today as investors favour mainland consumer stocks, analysts said.10 Jul 2007 - 12:00am