ANTA Sports Products Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	80,219	70,826	62,356	53,651	49,328
Revenue Growth (YoY)	13.26%	13.58%	16.23%	8.76%	38.91%
Cost of Revenue	30,485	26,794	23,328	21,333	18,924
Gross Profit	49,734	44,032	39,028	32,318	30,404
Selling, General & Admin	33,642	29,845	25,366	23,216	20,681
Other Operating Expenses	-2,973	-2,404	-1,669	-2,099	-1,273
Operating Expenses	30,669	27,441	23,697	21,117	19,408
Operating Income	19,065	16,591	15,331	11,201	10,996
Interest Expense	-833	-626	-521	-511	-443
Interest & Investment Income	1,733	1,851	1,473	611	394
Earnings From Equity Investments	1,203	198	-718	28	-81
Currency Exchange Gain (Loss)	97	80	42	-1	383
EBT Excluding Unusual Items	21,265	18,094	15,607	11,328	11,249
Gain (Loss) on Sale of Investments	157	3,757	-	-	-
Gain (Loss) on Sale of Assets	23	-1	33	27	-9
Other Unusual Items	1	34	-	-	-
Pretax Income	21,446	21,884	15,640	11,355	11,240
Income Tax Expense	5,784	4,895	4,363	3,110	3,021
Earnings From Continuing Operations	15,662	16,989	11,277	8,245	8,219
Minority Interest in Earnings	-2,074	-1,393	-1,041	-655	-499
Net Income	13,588	15,596	10,236	7,590	7,720
Net Income to Common	13,588	15,596	10,236	7,590	7,720
Net Income Growth	-12.88%	52.36%	34.86%	-1.68%	49.55%
Shares Outstanding (Basic)	2,780	2,808	2,775	2,692	2,690
Shares Outstanding (Diluted)	2,904	2,906	2,867	2,781	2,776
Shares Change (YoY)	-0.07%	1.36%	3.09%	0.18%	0.28%
EPS (Basic)	4.89	5.55	3.69	2.82	2.87
EPS (Diluted)	4.80	5.41	3.60	2.76	2.81
EPS Growth	-11.25%	50.21%	30.57%	-1.91%	48.49%
Free Cash Flow	18,491	14,483	18,473	10,526	10,501
Free Cash Flow Per Share	6.37	4.98	6.44	3.79	3.78
Dividend Per Share	2.202	2.218	1.788	1.185	1.043
Dividend Growth	-0.72%	24.02%	50.86%	13.67%	82.12%
Gross Margin	62.00%	62.17%	62.59%	60.24%	61.64%
Operating Margin	23.77%	23.43%	24.59%	20.88%	22.29%
Profit Margin	16.94%	22.02%	16.41%	14.15%	15.65%
Free Cash Flow Margin	23.05%	20.45%	29.63%	19.62%	21.29%
EBITDA	20,508	17,666	16,390	12,103	11,496
EBITDA Margin	25.56%	24.94%	26.28%	22.56%	23.30%
D&A For EBITDA	1,443	1,075	1,059	902	500
EBIT	19,065	16,591	15,331	11,201	10,996
EBIT Margin	23.77%	23.43%	24.59%	20.88%	22.29%
Effective Tax Rate	26.97%	22.37%	27.90%	27.39%	26.88%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.