[ET Net News Agency, 15 July 2020] ANTA Sports Products Limited (02020) said on a
consolidated basis, before taking into account the share of loss of a joint venture, it is
expected to record a decrease of not more than 25% in its profit attributable to equity
shareholders of the company for the six months ended 30 June 2020 (the 2020 interim
period) as compared to that for the six months ended 30 June 2019 (the 2019 interim
period) (2019 interim period: RMB2.97 billion).
Also, on a consolidated basis, after taking into account the share of loss of a joint
venture, it is expected to record a decrease of not more than 35% in its profit
attributable to equity shareholders of the company for the 2020 interim period as compared
to that for the 2019 interim period (2019 interim period: approximately RMB2.32 billion
(restated)).
The expected decrease is mainly attributable to (1) the decrease in operating profit as
compared to the 2019 interim period; (2) the higher share of loss of a joint venture as
compared to the 2019 interim period. (RC)