Shares of Chinese mainland sportswear-makers such as Anta and Li Ning rose in Hong Kong this week on recent forecasts of positive first-half financial results.
Both revenues and profits of such companies are expected to rise on the back of increased consumption propelled by improved innovations to attract culturally-conscious consumers.
Anta Sports closed at HK$182.8($23.5) on the Hong Kong stock exchange on Wednesday, representing a whopping 50 percent surge from the levels seen six months ago.
Anta s market value reached HK$494 billion, closely following that of global sportswear market leader Adidas.
Li Ning closed at HK$94.8, representing a massive 70 percent rise from the beginning of this year, with market value reaching HK$236 billion.
Sportswear firms performance wins investor hearts By WANG ZHUOQIONG | CHINA DAILY | Updated: 2021-07-01 09:26 Share CLOSE A man walks past a store of Chinese sportswear firm Anta Sports at a shopping mall in Beijing, March 25, 2021. [Photo/Agencies]
Shares of Chinese mainland sportswear-makers such as Anta and Li Ning rose in Hong Kong this week on recent forecasts of positive first-half financial results.
Both revenues and profits of such companies are expected to rise on the back of increased consumption propelled by improved innovations to attract culturally-conscious consumers.
Anta Sports closed at HK$182.8($23.5) on the Hong Kong stock exchange on Wednesday, representing a whopping 50 percent surge from the levels seen six months ago.