Anta Sports Announced Net Profit Increased 2.6 Times Last Year.

Anta sports (suggested buying) announced that last year's net profit increased 2.6 times to 537 million 800 thousand yuan.

During the period, turnover increased 2.5 times to 3 billion 180 million while interest income rose from 1 million 260 thousand yuan to 127 million 300 thousand.

Thanks to the improvement of product mix, the gross profit margin of the group increased by 33.2%.

The group also increased the average selling price of wave shoes to distributors by 29% to 88 yuan, accounting for 52.9% of the total sales.

Looking forward to the future, as the order has increased by 50% in January, it is expected to maintain high growth this year.

The group also plans to increase profitability through the renovation shop and further raise gross margin to 38% level.