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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
ANTA Sports Products
ANTA Sports Products (2020) investor relations material
ANTA Sports Products H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary26 Aug, 2026
Executive summary
Revenue for the first half of 2026 rose 12.9% year-over-year to RMB43.51 billion, driven by strong e-commerce and multi-brand strategy.
Profit attributable to equity shareholders (excluding Amer Sports one-off) increased 12.9% to RMB7.94 billion, while reported profit rose 34.9% to RMB9.49 billion.
Operating profit margin improved by 0.7 percentage points to 27.0%, the highest since H1 2019; gross profit margin rose to 63.9%.
E-commerce contributed 35.7% of total revenue, up 15.7% year-over-year.
The Group advanced its globalization strategy, including the pending acquisition of a 29.06% stake in PUMA SE and completion of Amer Sports Placing 2026.
Financial highlights
Group revenue: RMB43,507 million (+12.9% YoY); ANTA: RMB17,771 million (+4.8%), FILA: RMB15,045 million (+6.1%), Other brands: RMB10,691 million (+44.2%).
Gross profit margin: 63.9% (+0.5ppt YoY); operating profit: RMB11,760 million (+16.1% YoY); net profit margin: 25.1%.
Basic EPS increased 34.7% to RMB3.42; diluted EPS up 34.7% to RMB3.34.
Interim dividend per share: HKD 0.151 (+10.2% YoY); payout ratio 50.3% of adjusted profit.
Net cash position: RMB39.1 billion (+23.3% YoY); free cash inflow: RMB11,630 million (+54.2% YoY).
Outlook and guidance
Management expects steady industry performance in H2 2026, with niche and professional outdoor segments maintaining strong growth.
Continued investment in AI, digitalization, and international expansion, including the pending PUMA SE acquisition.
Focus on healthy, sustainable growth for each brand, not uniform growth targets.
New products and store formats for MAIA ACTIVE and JACK WOLFSKIN to contribute in H2.
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Latest events from ANTA Sports Products
- Q2 2026 retail sales grew across all brands, led by strong double-digit gains in other brands.2020
Q2 2026 - Retail sales grew for all brands in H1 2024, with other brands exceeding 35% growth.2020Q2 2024
- ANTA brand grew, FILA dipped, and other brands soared 45-50% in Q3 2024 retail sales.2020Q3 2024
- ANTA and FILA brands posted solid growth in 2024, with other brands surging over 40%.2020Q4 2024
- Q1 2025 retail sales rose high single digits for ANTA and FILA, 65-70% for other brands.2020Q1 2025
- Other brands led with over 50% retail sales growth, outpacing ANTA and FILA in H1 2025.2020Q2 2025
- Revenue up 14.3% to RMB38.54B, record profit, JACK WOLFSKIN acquired, strong e-commerce growth.2020H1 2025
- Revenue rose 13.8%, with higher profit, strong cash flow and increased dividends.2020H1 2024
- Revenue up 13.6% to RMB 70.83B; profit (excl. non-cash gains) up 16.5% to RMB 11.93B.2020H2 2024
Next ANTA Sports Products earnings date
Q3 202626 Nov, 2026
ANTA Sports Products
Next ANTA Sports Products earnings date
Q3 202626 Nov, 2026
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Frequently asked questions
ANTA Sports Products Limited is a Chinese multinational corporation that specializes in the design, development, manufacture, and marketing of sportswear, including footwear, apparel, and accessories. Founded in 1991, ANTA has grown to become one of China's leading sportswear brands, catering to a wide range of sports disciplines such as basketball, running, football, and training. The company operates under several brands, including ANTA, FILA, DESCENTE, and Kolon Sport, targeting different market segments and consumer needs. ANTA's strategy focuses on innovation in product development and marketing to enhance brand recognition and consumer loyalty. Through a broad distribution network, the company sells its products across China and in select international markets, aiming to promote an active and healthy lifestyle through high-quality sports products. The company is headquartered in Xiamen, Fujian, and its shares are listed on the Hong Kong Stock Exchange.