Anta Sports Products Ltd. R (AS7.F) H2 FY2024 earnings call transcript
Earnings call ANTA Sports reported FY2024 revenue of RMB 70.83B, up 13.6% YoY, with operating profit up 15% and free cash flow of RMB 13.3B. Gross margin slightly declined due to higher online mix and product investments. Management reaffirmed its multi-brand and globalization strategy, with strong momentum in DESCENTE and KOLON brands and continued digital and ESG advancements.
ANTA Sports reported FY2024 revenue of RMB 70.83B, up 13.6% YoY, with operating profit up 15% and free cash flow of RMB 13.3B. Gross margin slightly declined due to higher online mix and product investments. Management reaffirmed its multi-brand and globalization strategy, with strong momentum in DESCENTE and KOLON brands and continued digital and ESG advancements.
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Honorable investors, good afternoon. Welcome to the investor presentation of ANTA Sports Products Ltd. We have just announced our annual results for 2024, in which the group achieved a record performance and high-quality growth, widening our lead despite the challenging external environment. We succeeded in achieving our strategic goal of number one in terms of market share.
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