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安踏體育用品有限公司 Mens Creation Ltd. 概念及設計 www.menscreation.hk 安業製作及印刷 www.equitygroup.com.hk 於開曼群島註冊成立的有限公司股份代號: 2020 i r. an ta.c 安踏體育用品有限公司 om 二零一七年中期報告著作權安踏體育用品有限公司二零一七年版權所有未得安踏體育用品有限公司事先書面許可不得將本文件任何部分以任何形式或用任何方法無論電子機械複印錄製或其他形式複製存於檢索系統或傳送予他人

NBA 2 3 4 6 11 14 29 34 37 38 39 41 42 43 54 60

2020.HK FILA FILA KIDS DESCENTE SPRANDI NBA

7,323.2 6,142.7 19.2 3,703.7 2,941.2 25.9 1,897.5 1,488.3 27.5 1,451.4 1,129.2 28.5 1,824.9 726.8 151.1 55.98 45.15 24.0 55.94 45.05 24.2 494.00 356.09 38.7 41 34 20.6 50.6 47.9 2.7 25.9 24.2 1.7 19.8 18.4 1.4 26.3 26.3 9.3 11.2 1.9 11.9 11.5 0.4 5.8 4.4 1.4 (1) (2) (3) (4) (5) (6) (1) 3.4 11.1 7.7 25.7 26.0 0.3 (2) 18.5 17.8 0.7 (3) 71.9 68.6 3.3 181 182 (4) 68 64 4 (5) 39 37 2 (6) 49 45 4 2

19.2% 73.2 9,041 GP 2.7 50.6% FILA FILA KIDS 869 28.5% 14.5 DESCENTE 21 24.0% 55.98 66.3% 3

Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 23 Manhattan Place 16 362212 99 361008 SMP Partners (Cayman) Limited Royal Bank House 3rd Floor, 24 Shedden Road, P.O. Box 1586, Grand Cayman, KY1-1110, Cayman Islands 183 17 1712 1716 4

FILA FILA KIDS DESCENTE 19.2% 73.2 61.4 28.5%14.5 11.3 55.98 45.15 41 34 66.3% 65.5% FILA FILA KIDS DESCENTE FILA FILA KIDS DESCENTE Teflon EcoElite TM Teflon EcoElite TM PFCs Noble Biomaterials XT2 XT2 A-Livefoam 7

LAUNCH NBA NBA 7.7 FILA BlueFILA FILA StapleStaple X FILA Jason Wu X FILA FILA FILAFILA DESCENTE AWAKEN DESCENTE AWAKEN DESCENTE ERP 9,0418,860 FILA FILAFILA KIDS 869 802 DESCENTE DESCENTE 8

21 6 7 9

11 GDP6.9% 6.5% CPI 1.4% 10.4%10.3% 1.5 70% 16 Brand Finance 50 BrandZ100 NBA FILA FILA KIDDESCENTE

DESCENTE FILA FILA KIDS NBA SPRANDI 12

ERP 13

1. 300% 5 600 60% FILA FILA KIDSDESCENTE 2. 2.1 FILA DESCENTE DESCENTE FILA SPRANDI 14

Brand Finance 50 35 Brand Finance 100 BrandZ100 Interbrand2017 24 NBA NBA KT2 NBA KT2NBA 8 7,700 3,000 15

142KT NBA KT1 NBA KT A-livefoam ANTAUNI 2.2 0 14 16

17 79 KT2 0 14 2.3 FILA FILA KIDS FILA FILA FILA FILA FILA FILA Intimo FILA Red

FILA BlueFILA Originale FILAFILA ULTRA FIT EARTHDAY FILA (HIIT)FILA Ginny Hilfiger FILA Ginny FILA Jason Wu X FILA FILA StapleStaple X FILA FILA FILA ION ORCHARD FILA KIDS 7 12 FILA FILA KIDS FILA FILA FILA 18

FILA FILA 2.4 DESCENTE DESCENTE DESCENTE DESCENTE 80 DESCENTE DESCENTE DESCENTE DESCENTE DESCENTE 19

DESCENTE Awaken Awaken DESCENTEBLAZE Z DESCENTE DESCENTE DESCENTE 3. 3.1 6 6501,500 500 3 DESCENTE DESCENTE 20

8 8 0 14 FILA DESCENTE FILA FILA KIDS 21

FILA KIDS FILA DESCENTE FILA FILA KIDS 9,041 8,860 FILAFILA KIDS 869 802 DESCENTE 21 6 3.2. 22

24 ERP KT 3.3 ANTAUNI VIP

4. 39.1% 16.7% 40.9% 17.3% 25

XT2 XT2 XT2 5. 5.8% A-Jelly, A-Loop, A-Strata, A-Proofrain A-Web A-livefoam Livefoam Teflon EcoElite TM Teflon EcoElite TM Teflon EcoElite TM The Rain-Breaker XT2 6. ISO 26

7. 7.1 1 2 3 1 13 18,000 1 17,800 1 2.5 0.5 1 27

3.4% 50.3% 46.3% 49.3% 4.0% 46.7% 3,387.2 46.3 2,866.9 46.7 18.1 3,684.8 50.3 3,027.2 49.3 21.7 251.2 3.4 248.6 4.0 1.0 7,323.2 100.0 6,142.7 100.0 19.2 61.4 73.2 19.2% 1,632.4 48.2 1,293.6 45.1 3.1 1,972.7 53.5 1,558.6 51.5 2.0 98.6 39.3 89.0 35.8 3.5 3,703.7 50.6 2,941.2 47.9 2.7 2.7 29

% % 76.5 60 40 20 41.1 45.1 46.6 47.9 50.6 15 10 5 11.6 9.9 10.8 9.9 4.1 4.2 11.1 11.0 5.2 11.5 11.2 4.4 11.9 9.3 5.8 70.2 0 0 10.9 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 21.6 172.5 107.1 154.0 112.6 1.7 25.9% 2.7 26.3% 26.3% 1.9 % 30 20 24.1 25.2 26.4 26.3 26.3 0.4 1.4 % 30 20 10 21.9 23.9 24.8 24.2 25.9 10 0 2013 2014 2015 2016 2017 0 2013 2014 2015 2016 2017 30

1.4 19.8% 48.0 1.3 9,559.7 5,830.0 3,729.7 % 30 20 10 18.6 19.5 18.9 18.4 19.8 41962.4 2,057.8 0 2013 2014 2015 2016 2017 739.5 66.3% 65.5% 382.3 615.2 282.9 20.6 1.1 41 40 34 30 30 25 20 19 10 0 2013 2014 2015 2016 2017 1,447.2 3,394.1 1,006.8 110.0 827.7 29.3 31

17,497.5 14,466.9 4,240.7 13,256.8 3.4% 10.8% 110.0 937.7 490.0 600.0 2,057.8 1,098.5 (282.9) (372.9) 50.0 1.2 1,824.9 726.8 9,559.7 5,463.2 877.2 1,158.9 194.6 194.6 (110.0) (937.7) (490.0) (500.0) 10,031.5 5,379.0 4 24 194.6 194.6 80 60 40 20 69 64 59 58 59 57 45 68 49 42 37 39 39 38 33 2013 2014 2015 2016 2017 765.3 32

33 (i) 175,000,000 21.67 (ii) 175,000,000 21.67 21.67 175,000,000 (i) (ii) 21.67 175,000,000 3,792.3 3,787.43,394.1 (i) (ii) Kolon Corporation Kolon Industries, Inc. Kolon Sport 50%

7 FILA FILA KIDS DESCENTE 48 FILA DESCENTE ERP LAUNCH 34

SKU 9,2009,300 FILA FILA 9501,000 DESCENTE 5060 SKU FILA FILA FILA FILA KIDS FILA Athletics FILA Fusion 9,2009,300 FILAFILA KIDS 9501,000 DESCENTE 5060 35

38 53 34 34 34 34 2410 34 34 10 8 37

3 7,323,151 6,142,693 (3,619,448) (3,201,494) 3,703,703 2,941,199 172,535 107,075 (1,523,843) (1,261,011) (454,932) (299,003) 1,897,463 1,488,260 4 111,869 88,445 5 2,009,332 1,576,705 6 (528,035) (414,500) 1,481,297 1,162,205 (157,445) (2,490) 1,323,852 1,159,715 1,451,387 1,129,189 29,910 33,016 1,481,297 1,162,205 1,293,942 1,126,699 29,910 33,016 1,323,852 1,159,715 7 55.98 45.15 55.94 45.05 43 53 19(i) 38

8 1,169,256 1,170,363 9 504,637 157,024 10 309,794 341,752 153,506 153,506 71,502 245,874 11 467,498 477,520 49,350 49,350 18(b) 305,007 175,036 3,030,550 2,770,425 12 1,444,175 1,294,939 13 2,391,250 2,641,237 14 194,576 194,576 15 877,228 1,492,405 15 9,559,697 5,829,959 14,466,926 11,453,116 17,497,476 14,223,541 16 110,000 937,706 17 3,302,734 3,060,110 22(b) 10,711 7,499 18(a) 291,876 267,190 3,715,321 4,272,505 10,751,605 7,180,611 13,782,155 9,951,036 39

40,453 40,286 18(b) 107,291 14,419 147,744 54,705 3,863,065 4,327,210 13,634,411 9,896,331 19 258,924 242,698 19 12,997,874 9,305,930 13,256,798 9,548,628 377,613 347,703 17,497,476 14,223,541 43 53 40

19(a) 19(b) 19(c) 19(d) 19(e) 19(f) 242,579 397,476 141,029 622,546 (274,027) 26,741 7,423,322 8,579,666 234,577 8,814,243 1,129,189 1,129,189 33,016 1,162,205 (2,490) (2,490) (2,490) (2,490) 1,129,189 1,126,699 33,016 1,159,715 19(i) (801,374) (801,374) (801,374) 19(a) 10 1,953 (425) 1,538 1,538 40,884 (40,884) 242,589 399,429 141,029 663,430 (276,517) 26,316 7,710,253 8,906,529 267,593 9,174,122 242,698 416,237 141,029 810,883 (164,734) 22,898 8,079,617 9,548,628 347,703 9,896,331 1,451,387 1,451,387 29,910 1,481,297 (157,445) (157,445) (157,445) (157,445) 1,451,387 1,293,942 29,910 1,323,852 19(i) (1,006,774) (1,006,774) (1,006,774) 19(a) 546 28,689 (2,299) 26,936 26,936 19(a) 15,680 3,378,386 3,394,066 3,394,066 152,816 (152,816) 19(f) (117) 117 258,924 3,823,312 141,029 963,699 (322,179) 20,482 8,371,531 13,256,798 377,613 13,634,411 43 53 41

2,541,343 1,467,857 (540,448) (470,593) 56,862 101,212 2,057,757 1,098,476 (282,917) (372,934) 615,177 206,112 175,525 49,991 9,132 382,251 17,835 (827,706) (392,294) (29,347) (15,807) (110,000) 391,426 19(a) 3,394,066 19(i) (1,006,774) (801,374) 26,936 1,538 1,447,175 (816,511) 3,887,183 299,800 5,829,959 5,165,859 (157,445) (2,490) 15 9,559,697 5,463,169 43 53 42

1 34 34 34 34 2 34 34 2410 37 2 (a) (b) 9 9 9 9 9 43

2 (b) 9 39 15 15 15 15 (i) (ii) (iii) (iv) (v) 15 16 16 15 16 16 16 16 16 3 44

3 3,387,219 2,866,880 3,684,775 3,027,196 251,157 248,617 7,323,151 6,142,693 10% 4 76,513 70,227 13,501 52,165 36,532 5 (i) (ii) (i) 12(b) 3,619,448 3,201,494 (i) (ii) 873,945 704,535 (i) 8 95,983 88,036 4,288 3,840 11 15,753 14,810 48,018 1,308 (i) 26,916 32,548 355,354 244,897 (i) (ii) 210,640 140,249 522,657,000 531,962,000 128,678 120,260 (10,859) (21,620) (8,574) (1,652) (1,621) (4,298) (16,809) (31,815) 111,869 88,445 45

6 (i) (ii) (iii) 459,157 387,336 105,977 67,399 18(b) (105,977) (67,399) 68,878 27,164 528,035 414,500 25% 7 (a) 1,451,387,000 1,129,189,000 2,592,785,000 2,501,165,000 2,502,471 2,501,121 88,950 1,364 44 2,592,785 2,501,165 (b) 19(g) 19(h) (iv) (v) 12% 10% 25% 5% 2,592,785 2,501,165 1,526 5,495 2,594,311 2,506,660 46

8 1,170,363 1,121,191 95,204 79,596 9 2,655 18,341 (2,983) (2,968) (95,983) (88,036) 1,169,256 1,128,124 9 157,024 44,544 350,268 70,475 8 (2,655) (18,341) 504,637 96,678 10 50 11 477,520 464,138 5,731 40,397 (15,753) (14,810) 467,498 489,725 12 (a) 132,419 103,973 131,963 185,033 1,179,793 1,005,933 1,444,175 1,294,939 (b) 3,598,844 3,200,398 20,604 1,096 13 3,619,448 3,201,494 1,579,195 1,675,452 (57,590) (9,572) 1,521,605 1,665,880 340,045 523,540 237,430 249,808 205,961 132,694 59,988 40,337 11,364 26,221 17,614 2,391,250 2,641,237 47

13 1,464,016 1,656,309 112,035 17,535 3,144 1,608 1,579,195 1,675,452 9,572 15,440 48,018 1,308 57,590 16,748 30 90 14 15 7,446,038 4,157,634 2,113,659 1,672,325 9,559,697 5,829,959 877,228 1,492,405 16 10,436,925 7,322,364 17 1,066,462 910,371 490,000 600,000 57,972 90,006 40,401 48,557 139,804 131,777 1,248,322 1,031,745 259,773 247,654 3,302,734 3,060,110 48

17 1,033,173 857,726 13,437 35,990 19,852 16,655 1,066,462 910,371 18 (a) (b) 77,553 8,192 (131,656) (45,911) 6 37,984 (4,035) (6,785) 27,164 6(v) (67,399) (67,399) 48,138 4,157 (138,441) (86,146) 9,615 4,804 (175,036) (160,617) 6 193,819 5,030 (129,971) 68,878 6(v) (105,977) (105,977) 97,457 9,834 (305,007) (197,716) (c) 114,425,000 78,428,000 65,326,000 30,277,000 (d) 3,792,511,000 5,216,287,000 189,626,000 260,814,000 49

19 (a) 19(g) 19(h) 6,106,000 112,000 26,936,000 1,538,000546,000 10,00026,390,000 1,528,000 2,299,000 425,000 150,000 5,110,000 11,366,000 21.67 175,000,000 21.67 175,000,000 3,394,066,000 15,680,000 3,378,386,000 (b) (c) 144,376,000 141,029,000 1.0 (d) 10% 50% 25% (e) (f) 50

19 (g) 16,000,000 1.00 1 37 13 (h) I I I I I I I I II II I II II II II II II (i) (i) 41 34 962,445 739,540 51

19 (i) (ii) 34 30 815,007 632,664 8 8 191,767 168,710 20 (a) 1,006,774 801,374 13 11,364 (b) 51,000,000 52,000,000 21 (a) 289,290 273,060 192,189 177,876 7,025 7,678 488,504 458,614 52

21 (b) 526,390 686,282 238,927 404,362 22 (a) 765,317 1,090,644 22,415 21,157 9,743 10,060 (b) 7,048 5,913 3,663 1,586 10,711 7,499 (c) 6,625 6,301 5 23 19(i) 53

41 XV 352 (2) (1) 1,383,071,000 (L) (3) 51.54% 4,144 (L) (3) 41.44% 1,374,625,000 (L) (4) 51.22% 4,084 (L) (4) 40.84% 160,875,000 (L) (5) 5.99% 1,141 (L) (6) 11.41% 601 (L) (7) 6.01% 800,000 (L) 0.03% 400,000 (L) 0.01% (L) (1) 2,683,576,60010,000 (2) 54

(3) 1,373,625,000 51.19%9,446,000 Shine Well (Far East) LimitedShine Well Shine Well Shine Well Top Bright Assets Limited Top Bright Assets Limited DSZ Family Trust DSZ Family Trust DSZ Family TrustDSZ Family TrustShine Well Shine Well 4,144 (4) 1,373,625,000 51.19%1,000,000 Talent Trend Investment Limited Talent Trend Talent Trend Talent TrendAllwealth Assets Limited Allwealth Assets Limited DSJ Family Trust DSJ Family TrustDSJ Family Trust DSJ Family Trust Talent Trend Talent Trend 4,084 (5) 160,875,000 5.99% Spring Star Assets Limited Spring Star Assets Limited DYL Family Trust DYL Family Trust DYL Family Trust DYL Family Trust (6) Fair Billion Development Limited Fair Billion Development Limited 1,141 11.41% Fair Billion Development Limited Asia Bridges Assets Limited Asia Bridges Assets Limited WWM Family Trust WWM Family Trust WWM Family Trust WWM Family Trust Fair Billion Development Limited 1,141 (7) Spread Wah International Limited Spread Wah International Limited 601 6.01% Spread Wah International Limited Allbright Assets Limited Allbright Assets Limited WYH Family Trust WYH Family Trust WYH Family TrustWYH Family Trust Spread Wah International Limited 601 XV 352 55

336 (1) 1,660,453,000 (L) 61.87% 1,373,625,000 (L) 51.19% Allwealth Assets Limited (1) 1,374,625,000 (L) 51.22% Shine Well (1) (1) 1,373,625,000 (L) 9,446,000 (L) 51.19% 0.35% Talent Trend (1) (1) 1,373,625,000 (L) 1,000,000 (L) 51.19% 0.04% Top Bright Assets Limited (1) 1,383,071,000 (L) 51.54% 160,875,000 (L) 5.99% 160,875,000 (L) 5.99% (2) (2) Spring Star Assets Limited (2) 160,875,000 (L) 5.99% (L) (1) Shine Well Talent Trend51.19% 5.99% 4.30% 0.35% 0.04% 7,000 DSZ Family Trust DSJ Family Trust Top Bright Assets Limited Allwealth Assets Limited Top Bright Assets Limited Allwealth Assets Limited Shine Well Talent Trend Shine Well Talent Trend 1,373,625,000 Top Bright Assets Limited Allwealth Assets Limited Shine Well Talent Trend 1,373,625,000 9,446,000Shine Well Top Bright Assets LimitedShine Well9,446,000 1,000,000Talent Trend Allwealth Assets Limited Talent Trend 1,000,000 DYL Family Trust Spring Star Assets LimitedSpring Star Assets Limited Spring Star Assets Limited 160,875,000 DHM Family Trust Sackful Gold LimitedSackful Gold Limited Sackful Gold Limited 115,500,000 (2) Spring Star Assets Limited 160,875,000 Spring Star Assets LimitedDYL Family Trust DYL Family Trust DYL Family TrustDYL Family Trust 160,875,000 336 56

16,000,000 1,575,000 (1,575,000) (1) 4.224 1 1,575,000 (1,575,000) (2) 4.224 2 2,100,000 (2,100,000) (3) 4.224 3 5,250,000 (5,250,000) 150,000 (150,000) 4.224 1 488,000 (488,000) (4) 4.224 3 638,000 (488,000) (150,000) 5,888,000 (5,738,000) (150,000) (1) 21.92 (2) 21.60 (3) 21.68 (4) 21.93 57

I I I I I I I I I 400,000 400,000 16.20 1.5 400,000 400,000 5,077,900 (367,500) (1) 4,710,400 16.20 1.5 5,077,900 (367,500) 4,710,400 5,477,900 (367,500) 5,110,400 (1) 23.33 II II I II II II 58

A.2.1 2410 37 (1) (2) 1296 13.51B(1) 59

60 BVI PRC COC CPI DESCENTE DESCENTE ERP FILA FILA FILA KIDS FILA KIDS FILA GDP HK$ HKEX IPO MSCI NBA OEM POP POS R&D RMB 0.10 SPRANDI SPRANDI SKU USD

2020 2020.HK 2020HK MSCI 3741301 1,000 2,683,576,600 19 25 30 34 41 22 28 30 34 7 8 8 8 23 Manhattan Place 16 (852) 2116 1660 (852) 2116 1590 ir@anta.com.hk ir.anta.com www.anta.com 115 (852) 3103 0100 antasportsir@citigate.com.hk