Anta sees slight profit fall

Anta Sports Products (2020) saw its net profit edge down by 1.7 percent to 7.59 billion yuan (HK$8.66 billion) last year from a year ago and declared a final dividend of 72 HK cents.

This will bring the full-year payout to HK$1.34 per share, according to a filing yesterday.

In 2022, revenue for China's biggest athletic-apparel producer rose 8.8 percent to 53.7 billion yuan. Among them, income from its namesake brand advanced 15.5 percent to 27.7 billion yuan, while sales from the Fila brand went down by 1.4 percent.

The overall gross margin during the period decreased by 1.4 percentage points to 60.2 percent.

Its e-commerce business contributed 34.3 percent of the group's overall revenue, compared with 28.6 percent in 2021. It also noted that the e-commerce division saw a growth of 30.7 percent in terms of absolute amount despite a high base in the previous year.

The number of stores under the Anta brand in mainland China and overseas stood at 6,924 as of last year, a net increase of 92 stores. Meanwhile, Fila, saw a decline of 70 shops to 1,984 by the end of 2022.

By the end of 2023, the company expects the total number of Anta stores in mainland China and overseas to be around 7,100 to 7,200, while Fila will have a total of 1,900 to 2,000 stores.

Shares of Anta jumped 9.2 percent yesterday after the release of financial results.

Staff reporter

Henderson Land Development (0012) posted a 30 percent year-on-year drop in net profit last year to HK$9.24 billion, but kept the final dividend unchanged at HK$1.3.

Underlying profit excluding fair value loss from investment properties dived by 29 percent to HK$9.63 billion, partly due to a HK$1.89 billion gain in 2021 after Miramar Hotel and Investment (0071) became its subsidiary, the developer said in a filing yesterday.

Revenue for 2022 grew 8.6 percent to HK$25.56 billion of which sales from property developments rose 10.4 percent to HK$14.64 billion and rental income advanced by 3.5 percent to HK$6.73 billion.

The group recorded contracted sales of HK$13.7 billion from Hong Kong properties last year.

As of the end of last year, HK$12.07 billion in contracted sales was not yet recognized in the accounts with HK$7.2 billion being expected to be recognized this year upon completion of development and handover to buyer, Henderson said.

The developer said it has secured 3.3 million square feet in gross floor area of urban redevelopment projects and 600,000 sq ft of them has been earmarked for sales launch this year.

Henderson plans to launch sales of 10 projects this year, providing about 6,900 residential units together with the unsold stock.

Its New Territories land reserves amounted to approximately 45 million sq ft, the most among all developers in the city.

Its subsidiary Henderson Investment (0097) saw last year's profit plunge by 85 percent to HK$5 million, mainly due to Covid, the impact of renovations on its APITA at Taikoo Shing and the realignment of sales mix of UNY Tseung Kwan O.

A final dividend of 1 HK cents will be paid and its revenue inched up by nearly 1 percent to HK$1.79 billion.