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搜寻结果 (总数 3)
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安踏体育(02020.HK) 本土体育用品龙头,受益于行业集中度提升强者恒强 - 8月 28, 2018 (13 页)  
2018年上半年维持高增速 公司2018年上半年营收105.5亿元人民币,同比大增44.1%,是近年来最大的同比增幅。归母净利润19.4亿元人民币,同比上升34%;毛利率上升至54.3%,净利率为18.4%。全集团共有安踏品牌(包括安踏儿童独立店)9650家,FILA专卖店(包括FILA儿童独立店)1248家,DESCENTE门店85家,全年有望实现公司2017年底的门店数目

ANTA Sports (2020 HK) Multi brands drive growth - 2月 23, 2017 (6 页)  
Anta reported an impressive +16.9%/12.5% increase in net profit for FY16/2H16, broadly in line with our estimate. We edge up our FY17-18F earnings by 1%-3%, mainly on higher GP margin from FILA. We see its diversified brands including Anta Brand, FILA and Descente as multiple earnings drivers for coming years. Reiterate BUY with higher TP of HKD27.6 (from HKD27.3).

ANTA Sports (2020 HK) Keep On Running - 1月 19, 2017 (6 页)  
We initiate our coverage on Anta with BUY rating at our Target price of HK$27.30, based on 20x FY17 P/E. We believe Anta, as the market leader in China sportswear market, is well positioned on the sports industry development into 2020F. Fundamentally, we see multiple drivers to our forecasted FY16F-18F net profit growth at +17.7%/16.2%/15% yoy, contributed by FILA, Anta kids and ecommerce channel sales.