Anta Sports, a leading sportswear firm. [Photo by Sun Chi/chinadaily.com.cn]
ANTA Sports Products Limited saw its revenue surge to 70.83 billion yuan, marking a 13.6 percent increase year-on-year, according to its annual results for the year ending on Dec 31, 2024.
The company's profit from operations climbed by 8 percent to reach 16.60 billion yuan.
ANTA Group said it has reinforced its position as a leader in the Chinese sportswear market, capturing a market share of 23 percent, according to the market research unit Euromonitor International.
The group is followed by Nike at 20.7 percent and Li Ning at 9.4 percent, and Adidas at 8.7 percent, according to the research unit.
The robust performance can largely be attributed to the strong growth in all of ANTA's brand segments.
The flagship ANTA brand reported revenue growth of 10.6 percent year-on-year, amounting to 33.52 billion yuan. Operative profits for this segment also showed a rise, up 4.5 percent to 7.04 billion yuan. The FILA unit saw a 6.1 percent increase in revenue to 26.63 billion yuan.
The company's other brands witnessed a 53.7 percent increase in revenue to 10.68 billion yuan. The operational profit for these brands jumped by 61.7 percent year-on-year, reaching 3.05 billion yuan.
Ding Shizhong, executive director and board chairman of ANTA Sports, said:"The global sportswear market is continuing its long-term growth trajectory, offering numerous development opportunities and catering to diverse consumer demands. We will uphold our distinctive 'Multi-brand + Retail' business model to navigate uncertainties while maintaining confidence in the development of China's economy and the global industry."
The group's profit attributed to shareholders reached 11.93 billion yuan — up 16.5 percent year-on-year. The overall operating profit margin held at 23.4 percent. The company also reported strong cash flow management, with net operating cash inflow reaching 16.74 billion yuan.
E-commerce continues to be a vital component of the group's growth strategy, with revenue in this domain rising by 21.8 percent year-on-year. The e-commerce segment now contributes 35.1 percent to the group's overall revenue, reflecting a profound shift in consumer purchasing habits toward digital platforms.
Ding said, "In 2025, we are optimistic about sustaining our healthy growth momentum and accelerating our journey to become a world-leading multi-brand sportswear group."
