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Anta Sports Announces 2011 Annual Results

2012/2/21 9:17:00 21

Anta

Sports announced 2011 annual results, the company's profit attributable to shareholders increased 11.5% last year, 07 years.

list

After the first net profit growth of less than 20%.

The company also said the third quarter.

Order

The negative growth of high unit numbers will occur, but it is believed that the quarter will be the lowest in the whole year, and the situation will be better after that.

Anta sports announced today's annual performance as of December 31, 2011. The profit attributable to shareholders last year reached 1 billion 730 million yuan (RMB, the same below), an increase of 11.5% over the same period in 2010, slightly lower than market expectations, and the first net profit increase of less than 20% in recent years.

Gross margin decreased by 0.5 percentage points over the past 10 years, and free cash inflows also decreased by about 4%.

The Board recommends that the end stage be distributed.

dividend

HK $26 per share, together with an interim dividend of HK $26 per share, the dividend payout ratio is 61.1% of the profit attributable to shareholders.

Ding Shizhong, chairman and chief executive of Anta, said that the weather became cold last winter and affected the last quarter.

Winter clothes

Sales, and the same store sales level is only unchanged from the previous level, so it has an impact on profitability, hoping that this year's situation can be improved.

He also said that due to changes in the market and problems in the sporting goods industry, a negative impact on the company's orders is expected. The third quarter will expect a negative growth in the high unit number, but it is believed that the quarter will be the lowest in the whole year, and the situation will improve after that.

Due to cost implications, the company's gross profit margin was depressed last year.

Lai Shixian, chief operating officer, said that although the cost of raw materials had been slightly alleviated recently, labor costs still rose.

If cost pressures continue, the company will consider pferring costs to customers, believing that gross margin performance will remain stable in 2012.

As for the reduction of free cash inflows, Ling Shengping, chief financial officer of Anta, said that the main reason for the decrease was the company's investment in a one-time fixed asset, and this year the situation will be better.

By the end of 2011, the number of Anta's own brand shops increased to 7778, an increase of 229 from 7549 at the end of 2010, but the number of brand stores in the eastern region decreased by 141.

Ding Shizhong said, because the market changes greatly, the company will update the store from two aspects of quality and rentals every year.

The eastern region is a group which has developed rapidly in the past. Now the development slowdown is normal. He also predicts that by the end of this year, the number of shops in the group will exceed 10000.

Referring to the current stock market overstock, other brands have sharply reduced prices.

market

Fierce competition, Ding Shizhong said that in the current market environment, companies do not expect to have a big discount rate. The discount rate provided by dealers this year will be between 25% off and 20 percent off.

The company will provide ordering guidelines for distributors and franchisees to reduce inventory risks, and will also achieve the goal of cleaning up inventories during the year through factory stores and online sales.

Anta sports shares fell 3.162% today, closing at HK $8.27.