Lyon: Mainland policies focus on increasing income to boost domestic demand. ANTA SPORTS (02020) has become one of the major beneficiaries.

The research report released by Lyon stated that the State Council Premier presided over the State Council executive meeting yesterday (10th), reiterating the importance of stimulating domestic demand and stabilizing foreign investment. The report noted that overall, the meeting emphasized three key strategic measures: enhancing household consumption capacity (by vigorously supporting household income growth); tapping into consumption potential, with main measures including boosting the service industry, promoting cultural/sports/tourism industries, expanding the scope of trade-in policies, emphasizing the leading influence of brand companies, and driving the "artificial intelligence + consumption" industry to create new consumption scenes; as well as optimizing the consumption environment. Lyon expects that the favorable policy orientation will boost household income and, at the same time, a sustained revaluation requires more detailed policy implementation and records, which will help enhance consumer sentiment and increase company profits. Due to the policy emphasis on boosting household income, sports industry, and the leading influence of brands, it is believed that ANTA SPORTS (02020) should be one of the main beneficiaries.