Western Securities: Maintain the "buy" rating for Anta Sports (02020.HK), outdoor brand maintains high growth.

According to the Wisdom Financial APP, West Securities released a research report stating that it is expected that Anta Sports (02020.HK) will achieve a net profit attributable to its parent company of 13.01/14.48/16.16 billion yuan from 2025 to 2027. The company's outstanding ability to operate multiple brands, with outdoor brands expected to lead growth, maintains a "buy" rating. The company released its operating data for the third quarter of 2025, with revenue from other brands increasing by approximately 45%-50% year-on-year.