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