Gelonghui, April 19 | Guotai Junan released a research report stating that Anta Sports's first-quarter turnover was in line with expectations. Among them, the turnover growth rates of Anta's main brand and FILA were medium and high unit increases, respectively. As for the turnover growth rate of other brands, an increase of 25% to 30% was recorded. The bank said that China's sports industry has entered a new stage of stable total volume and structural differentiation. As a rare multi-brand sports leader in the market, Anta can match the new development trend. As a result, Guotai Junan maintained the company's net profit forecast for the 2024-2026 fiscal year of 13.26 billion yuan, 14.07 billion yuan, and 16.08 billion yuan, respectively, and maintained an “increase in holdings” rating. The bank also stated that Anta's turnover completion rate from 2024 to now is 100%. On the product side, the bank indicates that the company's main brand, the Owen series, is sold in limited quantities, resulting in a relatively small revenue contribution. However, it is also expected that after large-scale sales in the third or fourth quarter of this year, related brands are expected to drive the company's sales. On the channel side, the company's stores are expanding steadily, and the main brands will gradually open famous stores. In addition, the number of champion stores is planned to be increased to 90.