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Anta Sports Products Ltd. shares fell as much as 7.4 percent in Hong Kong after the company reported a lower-than-expected operating profit margin for 2024.
China’s biggest sportswear maker saw its operating margin decrease by just over a percentage point to 23.4 percent last year, missing analysts’ estimate of 24.4 percent. The year-on-year decline is due to increased spending on branding, sales channels and research and development, the company said in its earnings statement.
“Anta’s…
