Anta Group'S Revenue Will Exceed 35.5 Billion In 2020 And Achieve Growth For Seven Consecutive Years
On March 24, Anta Sports released its 2020 financial report. According to the announcement, Anta Group's revenue will rise by 4.7% to RMB 35.51 billion in 2020, maintaining growth for seven consecutive years and leading the industry in the Chinese market.
The operating profit increased by 5.3% to RMB 9.15 billion, and the operating profit rate increased by 0.2% to 25.8% year-on-year, and the profit level was in the forefront of the industry.
The gross profit rate increased by 3.2 percentage points to 58.2% year-on-year, which was the peak of the industry. The group's cash flow continued to be strong and its capital reserve was sufficient: the free cash flow was RMB 6.63 billion, of which the free cash flow in the second half of the year was 4.72 billion, with a year-on-year increase of 26.6%.
The group's e-commerce business grew by more than 50% year-on-year, and the revenue exceeded RMB 9 billion in 2020. During the reporting period, Anta Group's peak market value exceeded HK $300 billion and became the first Chinese sporting goods company to be included in the Hang Seng Index.
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