Recently, domestic sports giants ANTA (HK:02020) and Li Ning (HK:02331) have released their latest operating performance in the third quarter of 2021.
As of today's close, the market capitalization of ANTA and Li Ning was HK$343.1 billion and HK$238.4 billion respectively.
<h1 class="pgc-h-arrow-right" data-track="3" > ANTA Group: the main brand ANTA increased by 10%-20% year-on-year, and FILA recorded a mid-unit increase</h1>
In the third quarter, the retail value of ANTA brand products (in terms of retail value) recorded positive growth of 10-20% in the lower segment compared with the same period in 2020 and positive growth in the middle of 10-20% compared with the same period in 2019;
FILA brand retail sales recorded positive growth in mid-units compared to the same period in 2020 and positive growth of 25-30% compared to the same period in 2019.
Other brands, including DESCENTE and KOLON SPORT, recorded a positive growth of 35-40% compared to the same period in 2020 and a positive growth of 105-110% compared to the same period in 2019.
Some of anTA Group's developments in the third quarter include:
In July, ANTA announced the strategic goals of the Group's ANTA brand for the next five years and its rapid growth and winning plans for the next 24 months. Anta brand is committed to achieving a compound annual growth of 18 to 25% in the next five years; online business with a compound annual growth of more than 30% and a proportion of 40% in 2025; in the next 24 months, the ANTA brand will adhere to two core strategies - professionalism and brand upwards;
In September, ANTA broadcast an innovation and technology conference to the world, with the theme of "Creating the Future", showing ANTA's new generation of midsoles technology - nitrogen technology. Compared with the traditional foaming technology using greenhouse gases such as carbon dioxide, ANTA Nitrogen Technology uses nitrogen foaming, which reduces carbon dioxide emissions, more environmentally friendly characteristics and sustainable development, the Group said that by 2025, it is expected to use nitrogen technology in more than 75% of products;
In September, coinciding with the 110th anniversary of FILA, FILA completed the latest season of the cloud show online with the theme of "Walking the Peak", and showcased a joint collection with the French haute couture house LANVIN.
<h1 class="pgc-h-arrow-right" data-track="11" > Li Ning: Platform turnover increased by 40%-50% year-on-year, with a net increase of 99 retail points in the third quarter</h1>
In the third quarter, in terms of overall turnover, Li Ning's point of sale (excluding Li Ning YOUNG) recorded a low-end growth of 40%-50% year-on-year in the retail turnover of the entire platform, and same-store sales recorded a high-end growth of 20%-30% year-on-year.
In terms of channels, offline channels (including retail and wholesale) recorded a high growth of 30%-40%, of which retail channels recorded 30%-40% mid-range growth and wholesale channels recorded 30%-40% high-segment growth, and e-commerce virtual store business recorded 50%-60% mid-segment growth.
As of September 30, 2021, the number of points of sale (excluding Li Ning YOUNG) in Li Ning's Chinese market totaled 5,803, a net increase of 99 from the end of the previous quarter and a net decrease of 109 units so far this year. Of the 109 points of sale that decreased netly, retail businesses decreased by 56 and wholesale businesses by 53. As of September 30, 2021, Li Ning YOUNG had a total of 1,137 points of sale in china, a net increase of 96 from the end of the previous quarter and a net increase of 116 so far this year.
Some of Li Ning's third-quarter developments include:
In July, Li Ning officially released the LI-NING x Erik Ellington signature shoe in cooperation with legendary skateboarder Erik Ellington, which is also Li Ning's first skateboard line product. Inspired by the New York skateboarding of the 90s, Lingteng launched three color schemes: Astro Pop, Polar Night and Tropicana, priced at $180, and sold simultaneously in China and the United States;
In August, Li Ning announced that its indirect wholly-owned subsidiaries Shanghai Shaohao Sporting Goods, Shanghai Shaohao Sports Development, Shanghai Ningju and Shanghai Shaohao Boyue had acquired eight office floors and 128 parking spaces in Kaiqiao Cultural Plaza, 28th Street, Huayang Road, Changning District, Shanghai for RMB1.034 billion. The company said it will establish its Yangtze River Delta global business headquarters in Shanghai's Changning District. According to the information released by the Information Office of the People's Government of Jiading District of Shanghai in September, the global headquarters and intelligent distribution center of Li Ning E-commerce will be settled in the Fangtai area of Anting Town, Shanghai;
In September, Li Ning held the "2021 Enlightenment" theme show at the Lulang Gongcuo Scenic Area in Nyingchi, Tibet, next to the Himalayas.