安踏體育: 預期不變，對OP達成更有信心

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ANTA Sports Products  (2020 HK) 預期不變，對OP達成更有信心 H1 business update takeaways: we expect Anta will realize its operating profit guidance and maintain our forecast BUY(maintain) 投資要點/Investment Thesis 投资要点/Investment Thesis 公司發佈24Q2及H1運營表現 24Q2，安踏品牌零售額同比增長高單位數；FILA 品牌零售額同比增長中單位數；其他品牌（不包括23年及之後加入的品牌）零售額同比增長40-45%。24H1，安踏品牌零售額同比增長中單位數；FILA 品牌零售額同比增長高單位數；其他品牌（不包括23年及之後加入的品牌）零售額同比增長35-40%。 Core brand generated mid-SD growth in H1 on faster yoy growth in Q2  Anta Sports Products released a 24Q2 and 24H1 business update on 8 July:  24Q2 brand perspectives:  •ANTA brand retail sales rose by a high-single-digit (SD) yoy; •FILA retail sales increased by a mid-SD yoy;  •Other brands (excluding brands added ………………………………