Anta Aims To "Double Billion" Target FILA2019 Retail Sales Increased By 55% Over The Same Period Last Year.

Despite the short selling experience, Anta sports (02020.HK) still has a brilliant performance.

Recently, Anta Sports Products Limited (Anta sports) released its fourth quarter and full year business performance data in fiscal year 2019. The announcement shows that in the fourth quarter of 2019, the retail sales of Anta's brand products increased by 10% to 20% compared with the previous year. The FILA brand grew 50% to 55% in the fourth quarter of last year, and the other brands grew 25% to 30% in the fourth quarter of last year. In the past year, Anta brand, FILA and other brand performance increased by 10% - 20%, 55% - 60%, 30% - 35%, respectively.

At the annual meeting of Anta group in 2020, Anta also announced the global development strategy, and formulated the global development strategy for the next five years. The target is that overseas business accounts for 15% of the total revenue. It is estimated that in 2025, the whole Anta group will realize the terminal flow of two billion yuan and challenge the target of 250 billion yuan.

It is reported that Anta has formed a joint venture in Southeast Asia, and plans to enter the European and American markets. As an important part of the strategy of globalization, in 2019, Anta formed a consortium with Anamered Investments, a private source of Chinese private equity fund, to acquire the sports equity of the original parent company, and completed the largest overseas acquisition in the history of China's clothing industry.

Ding Shizhong, chairman and chief executive of Anta sports, said: "last year, we made the biggest merger and acquisition since the start of business, and the consortium bought the amamin group. We have formulated the five year development plan of the AMF, and have reached a consensus with the management to achieve the 1+1>2 effect.

By the end of February 17, 2020, Anta group's share price was HK $71.3, or 4.48%, and its stock price has risen more than 100% in the past year, with a total market value of HK $192 billion 600 million.