Glonghui, April 18 | J.P. Morgan Chase released a report stating that Anta announced the latest operating conditions for the first quarter. Among them, retail sales of the Anta and Fila brands each recorded medium and high unit growth, which was in line with expectations. Other brands grew by 25 to 30%, beating expectations by about 20%. According to Anta, we are still confident that we will meet the guiding goals for the whole year. Motong maintains Anta's profit forecast for 2024 to 2026. The bank gave it a target price of HK$144, with a rating of “increase in holdings”. It is the bank's most promising stock in the Chinese sporting goods industry. Major short-term catalysts include that the Anta brand will benefit from the reform and implementation of the new management team; Fila will maintain strong momentum with the help of an improved product portfolio. In the medium to long term, it includes the continued strong growth of emerging brands and a perfect multi-brand portfolio, and we believe it has the greatest potential for overseas expansion in the industry.