Bags / Shoes & Accessories

Li Ning recently announced that the company's indirect wholly-owned subsidiaries Shanghai Shaohao Sporting Goods, Shanghai Shaohao Sports Development, Shanghai Ningju and Shanghai Shaohao Boyue acquired Huayang in Changning District, Shanghai, China for approximately RMB 1.034 billion. There are 8 office floors and 128 parking spaces in Kaiqiao Cultural Plaza at 28th Street, Lu Street District.

Li Ning Company stated that the acquisition is in line with the company's strategic plan. Because Li Ning will establish its Yangtze River Delta global business headquarters in Changning District, Shanghai, the property acquisition can satisfy the company's office needs.

Li Ning Company pointed out that the relevant property is under construction and is expected to be delivered before September 30 next year. The total construction area is expected to be approximately 17,400 square meters.

Prior to this, in 2019, the Anta Group's global retail headquarters in Shanghai's Hongqiao Business District Qingpu Area-Shanghai Anta Center project has officially started construction.

It is understood that the project completed the pile foundation in October 2020, and the basement structure work is expected to be completed in August this year. The entire project will be completed in April 2023.

Anta Group’s global retail headquarters was designed by the famous American architectural design company NBBJ. The project covers an area of 35054 square meters and is a multifunctional integrated park composed of 5 buildings.

The design of the park adheres to the concept of "healthy work, ten thousand steps linkage". In the main building of the office area, the health trail on each floor can take just "10,000 steps", which is not only in line with Anta's sports spirit and culture, but also with the Anta Group. The brand concept of "Never Stop" is in the same line, and it also implies that we will cooperate with all sectors of the society to win-win, connect global resources and go to the future together.

Anta stated that this project marks an important step in Anta Group's globalization strategy and is a new milestone in the history of Anta Group's development.

In addition, on August 17 this year, Xtep also announced that Xtep International and its wholly-owned subsidiaries will acquire 57 commercial units located in the recently developed ecological business zone in Qibao Town, Minhang District, Shanghai for RMB 439 million. They intend to use them as Xtep International. Shanghai Operations Center.

The three leading sports companies have chosen to settle in "Shanghai" due to the needs of globalized business development. On the one hand, Shanghai is a major financial and commercial center in China, with a developed economy and a gathering of elites. Companies can recruit more high-end talents here, further promoting the globalization of local companies and increasing the international reputation of their brands; on the other hand, companies Office buildings built or acquired in Shanghai's high-quality commercial districts can not only meet their own office needs, but also have the potential to maintain and increase the value of commercial and office assets. From a long-term perspective, the company's move to "Shanghai" has laid a good foundation for its future business expansion.

According to the performance announcement for the first half of 2021, Anta Sports achieved revenue of RMB 22.81 billion, a year-on-year increase of 55.5%; realized net profit of RMB 3.84 billion, a year-on-year increase of 131.6%; gross profit margin increased by 6.4 percentage points year-on-year to 63.2%. Li Ning achieved revenue of 10.197 billion yuan, a year-on-year increase of 65%; net profit of 1.962 billion yuan a year-on-year increase of 187%; gross profit margin 55.9%, a year-on-year increase of 6.4 percentage points. Xtep International’s total revenue was 4.135 billion yuan, a year-on-year increase of 12%; net profit was 427 million yuan, a surge of 179 million yuan compared with the same period last year, a year-on-year increase of 72%.

It is worth noting that Adidas has integrated the four key regions with strong growth in Greater China, Japan, South Korea, Southeast Asia and the Pacific into a unified Asia-Pacific market. The new headquarters has also been established in Shanghai, which was officially opened in March 2019.