ANTA Sports Products Limited
2020Company Overview
Anta was founded in 1991, and Anta Sporting Goods Limited (stock code: 2020.HK) was listed on the main board of the Hong Kong Stock Exchange in 2007. It is a famous global sporting goods company. Over the years, Anta Sports has mainly been engaged in the design, R&D, manufacture, marketing and sale of sporting goods, providing Chinese consumers with professional sporting goods, including sneakers, clothing and accessories. Through a diversified brand portfolio, including Anta, FILA, DESCENTE and KOLON SPORT, and formed an investor consortium to successfully acquire the international sports brand group Amer Sports in 2019, it has internationally recognized brands including Arc'teryx, Salomon, Wilson, Peak Performance, and Atomic. Anta Sports aims to explore the potential of the mass and high-end sporting goods markets.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock meets all Shariah compliance criteria according to AAOIFI standards.
| Name | ANTA Sports Products Limited |
| Ticker | 2020 |
| Main Business | Leisure |
| Type | Common Stock |
| Industry | Leisure |
| Country | HK |
| Market Cap | $27.39 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Revenue | $62,356.0 | $0.0 | Footwear, apparel & accessories |
| Interest income | $49.0 | $49.0 | - |
| Government grants | $1,493.0 | $0.0 | - |
| Net gain on disposal of right-of-use assets | $34.0 | $0.0 | - |
| Dividend income from equity investments | $3.0 | $0.0 | - |
| Income on original equipment manufacturer (“OEM”) business | $165.0 | $0.0 | - |
| Others | $140.0 | $0.0 | - |
| Total | $64,240.0 | $49.0 | 0.08% (passed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| bank loans and overdrafts | $560,224,089.6 | 2.05% |
| long term bank loan | $1,533,613,445.4 | 5.60% |
| Total Interest-Bearing Debt | $2,093,837,535.0 | 7.65% |
| Market Capitalization | $27,386,538,461.5 | 100.00% |
| Compliance Status | Threshold: 33% | passed |