Sporting Goods
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Trending Industry Today: 361 DEGREES Leads Gains In Sporting Goods Stocks
ANTA Sports Products Limited Goes Ex Dividend Tomorrow
Taikoo Li and SKP are competing for FILA.
The sporty fashion trend is becoming even stronger.
Canceling the plan to repurchase billions, Anta believes that it is undervalued.
Shareholder return.
Anta's revenue in the first half of the year increased by 13.8% year-on-year, and net income increased by 62.6%. It plans to use up to 10 billion Hong Kong dollars for share buybacks | Financial report notes.
Benefiting from the Olympic year's sports consumer trend and the rapid expansion of affiliated companies, Anta presented a bright spot in the semi-annual report: net income increased by 62.6% year-on-year, and revenue also achieved a significant double-digit percentage growth.
In the first half of the year, the revenue was 7.203 billion yuan. Ding Shuibao, CEO of Xtep International, stated that the company is focusing on the running business and has plans to expand overseas. This was reported in the earnings conference.
In the first half of this year, Xtep announced the strategic sale of its fashion sports business of GSW and Palladin brands, and focused resources on running business, increasing investment in Saucony brand. This move is regarded as an important adjustment to Xtep's global strategy. Xtep's e-commerce revenue recorded growth of over 20% in the first half of this year, with retail sales on Douyin, D2C, and WeChat Video increasing by more than 80% year-on-year.
Li Ning has held steady during the sports season.
Footwear business contributes the most.
Xtep accelerates to fight in lightweight gear.
If you don't advance, you retreat.
Li Ning Company Limited Goes Ex Dividend Tomorrow
Another fashion brand is booming in Sanlitun
Growing ambition.
Direct impact of changes | Special Step International rose more than 7%, leading sporting goods stocks, the sports industry may welcome favorable policies
On May 9, the $Sporting Goods (BK1185.) $concept sector collectively picked up. As of press release, $TEP International (01368.HK) $ rose 7.77% to HK$5.41; $Li Ning (02331.HK) $ rose 4.07% to HK$21.75; and $Yuyuan Group (00551.HK) $ rose 3.50% to HK$14.80. Market source: According to news from Futubull Niu Niu, on May 8, Gao Zhidan, party group secretary and director of the State Administration of Sports, issued an article stating that he will work with relevant departments to develop policy documents to promote the transformation and upgrading of sporting goods and equipment, and continue to fight
Anta's net profit increased 40% last year, and the main brand's revenue rose more than 4% after reaching the 30 billion mark | Financial News
The Group's revenue reached another record high last year. It plans to pay HK$115 per share at the end of fiscal year 2023. The regular dividend distribution ratio for the full fiscal year is 50.7% of net profit, surpassing 44.3% in 2022.
Li Ning is in a hurry; the high-end transformation of “Brother Guochao” has failed
After the 2023Q3 results were released, Li Ning's market capitalization crisis escalated again. In order to reverse the situation, Li Ning took a number of major measures. However, these measures failed to effectively boost stock prices, and forced Li Ning to re-examine its strategic planning and development path, and there is an urgent need to restore investor confidence.
China Dongxiang (Group) Co., Ltd. Goes Ex Dividend Tomorrow
CHINA DONGXIANG: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2023
Direct impact of changes | Li Ning rose more than 6% to lead sporting goods stocks, and sporting events boosted sports brand attention
Sporting goods stocks increased further in the afternoon. As of press release, Li Ning (02331) rose 6.59% to HK$33.95; Xtebo International (01368) rose 3.9% to HK$7.2; and Anta Sports (02020) rose 2.97% to HK$88.35.
Direct impact of changes | Sporting goods stocks fell collectively, and the growth rate of online retail sales of sportswear slowed month-on-month in August
On September 25, $Sporting Goods (BK1185.) $ fell collectively. As of press release, $Li Ning (02331.HK) $ fell 4.29% to HK$32.35; $Yuyuan Group (00551.HK) $ fell 3.91% to HK$8.85; $Anta Sports (02020.HK) $ fell 2.40% to HK$85.4; $XB International (01368.HK) $ fell 1.93% to HK$7.10; $361 degrees (0131.6HK)) $ fell 1.79% to HK$3.83. Market source: Futu Niu Niu > Light
China Dongxiang (Group) Goes Ex-dividend on Monday
Financial Report 2023｜Did 361 Degrees get killed by mistake
The 20cm negative line that appeared after the publication of the interim report really made 361 degrees (1361.HK) shareholders feel a bit cold. August 15, 361...
Financial Report 2023 | Li Ning's Misjudgments and Adjustments
At Li Ning (2331.HK)'s interim results briefing last year, founder Li Ning said he was full of confidence and was “full of hope” for the future prospects of the sports industry. At the time, Li Ninggang handed over a performance that bucked the trend and increased both net revenue and profit. But it backfired. The anticipated recovery in consumption did not occur in the second half of 2022, and the slump in demand continued until 2023. On August 11, Li Ning released the financial report for the first half of 2023. During the reporting period, it recorded revenue of 14.019 billion yuan, an increase of 13% over the previous year; however, net profit recorded 2.121 billion yuan, a decrease of 3.11% over the previous year. This is since 20