POU SHENG INT'L Reports 5.1% Year-over-Year Decline in November Consolidated Operating Revenue
Revenue Decline in November 2025: POU SHENG INT'L reported a net consolidated operating revenue of approximately RMB1.172 billion in November 2025, reflecting a year-over-year decrease of 5.1%.
Year-to-Date Revenue Performance: For the first eleven months of the year, the company's net consolidated accumulative operating revenue was around RMB15.784 billion, which is a decline of 6.8% compared to the previous year.
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4Q25 Performance: ANTA SPORTS' 4Q25 results met market expectations, but management's cautious outlook for 2026 revenue and profit margins may negatively impact market sentiment.
Market Sentiment: The conservative view on future sales, combined with rumors of potential acquisitions, could lead to fluctuations in ANTA SPORTS' stock price.
Long-term Outlook: Despite short-term concerns, Goldman Sachs maintains a positive long-term growth outlook for ANTA SPORTS, keeping a Buy rating while lowering the target price from HKD115 to HKD108.
Comparative Performance: ANTA SPORTS outperformed competitors LI NING and POU SHENG INT'L in 4Q25, highlighting its effective multi-brand strategy and cost control in a challenging market.

Revenue Decline in November 2025: POU SHENG INT'L reported a net consolidated operating revenue of approximately RMB1.172 billion in November 2025, reflecting a year-over-year decrease of 5.1%.
Year-to-Date Revenue Performance: For the first eleven months of the year, the company's net consolidated accumulative operating revenue was around RMB15.784 billion, which is a decline of 6.8% compared to the previous year.

Goldman Sachs Report: After attending POU SHENG INT'L's 3Q25 results briefing, Goldman Sachs noted that the demand and competition in China's sportswear industry remain challenging and may persist into the next year.
Profit Forecast Adjustment: The firm revised its net profit forecasts for POU SHENG INT'L for 2025-27, changing the outlook from a decline of 3% to a growth of 2%, reflecting the recent results and a slowdown in revenue recovery expected in 2026.

- Turnover Decline: POU SHENG INT'L reported a 7.7% year-on-year decline in turnover for the nine months ending September 30, 2025, totaling RMB12.903 billion.
- Net Profit Drop: The company's net profit experienced a significant drop of 50.1% year-on-year, amounting to RMB171 million.

Revenue Decline in October: POU SHENG INT'L reported a 0.7% year-on-year decrease in net consolidated operating revenue, totaling approximately RMB1.709 billion for October 2025.
Year-to-Date Revenue Drop: For the first ten months of 2025, the company's net consolidated accumulative operating revenue fell by 7% year-on-year, amounting to around RMB14.612 billion.

August Revenue Decline: POU SHENG INT'L reported a net consolidated operating revenue of RMB1.241 billion for August 2025, reflecting a 6% decrease year-over-year.
Cumulative Revenue Performance: For the period of January to August 2025, the company's net consolidated accumulative operating revenue reached RMB11.555 billion, down 8.1% compared to the same period last year.





