Last Updated -

February 16, 2026

Anta Sports

Company Profile and Market Insights

Explore the business model, global strategy, and market performance including insights into its position in China.

Anta Sports
Key facts
Founded 1991 • Listed HKEX 2007 • Stock codes 2020 (HKD) and 82020 (RMB)
23,0%
China sportswear share (2024)
35,1%
E-commerce share of revenue (2024)
RMB 70,83 bn
Revenue FY 2024
12.396
Stores (31 Dec 2024)
~44,5%
Stake in Amer Sports
HKEX: 2020
Primary listing

About

Founded in 1991 and headquartered in Jinjiang, China, Anta Sports Products Limited has grown from a domestic footwear maker into a multi-brand sportswear group. The company listed on the Main Board of the Hong Kong Stock Exchange in 2007 (stock codes 2020 and 82020). Its mission is to “bring the transcendent sports spirit into everyone’s life.”

Anta Sports develops and sells footwear, apparel, and accessories across performance, sports fashion, outdoor, and lifestyle categories, combining in-house product development with large-scale retail and distribution. The portfolio spans mass and premium positioning, including ANTA, ANTA KIDS, FILA (Greater China), DESCENTE (China), KOLON SPORT (China), MAIA ACTIVE, and JACK WOLFSKIN.

The group has also expanded its global reach through its role as the largest shareholder of Amer Sports, whose brands include Arc’teryx, Salomon, Wilson, Peak Performance, and Atomic. In 2024, Anta Sports reported revenue exceeding RMB 70.8 billion, reflecting the scale of its multi-brand strategy in China and beyond.

Anta Sports

Business Model and Market Position

ANTA Sports runs a multi-brand, retail-led sportswear group built around brand management, product development, and end-to-end retail execution. Revenue comes mainly from selling footwear, apparel, and accessories through a mix of direct-to-consumer (DTC) stores, brand-operated retail, e-commerce, and partner-operated retail networks across Greater China, with growing international exposure through selected markets and its strategic stake in Amer Sports.

Core business engines

  1. ANTA (mass-market performance and lifestyle)
    The ANTA brand targets broad price points and high-volume categories like running, training, and basketball. It uses a blended channel mix, combining distributors and franchise partners with a steadily expanded DTC footprint to improve pricing discipline, merchandising, and member operations.
  2. FILA China (premium sports fashion)
    FILA is positioned above the core ANTA brand, with a retail model centered on brand-operated stores and a tighter merchandising cadence. Sub-brands extend the reach into kidswear and younger street-style customers.
  3. Other premium performance and outdoor brands
    Brands such as DESCENTE (premium performance) and KOLON SPORT (outdoor lifestyle) add higher-end exposure and have been a major growth contributor within “all other brands.” In 2024, “all other brands” delivered the fastest revenue growth among the group’s reporting segments.
  4. Amer Sports stake (global brand portfolio exposure)
    ANTA Sports is the largest shareholder of Amer Sports, which owns brands including Arc’teryx, Salomon, Wilson, Peak Performance, and Atomic. This expands ANTA’s reach beyond China-focused brand operations into global technical outdoor and sporting goods categories.

Omnichannel execution at scale

  • Dense store network across price tiers: As of 31 December 2024, the group reported 7,135 ANTA stores and 2,784 ANTA KIDS stores, plus a FILA network split across FILA CORE (1,264), FILA KIDS (590), and FILA FUSION (206). DESCENTE reached 226 stores and KOLON SPORT reached 191.
  • Digital is a primary sales channel: E-commerce accounted for 35.1% of 2024 revenue, up from 32.8% in 2023, supported by higher online sales mix and platform operations.

Market position and competitive edge

  • Leadership in China sportswear: The company cited 23.0% market share in China’s sportswear market in 2024, ranking first in the industry.
  • Portfolio segmentation, not one-brand dependence: ANTA covers mass-market volume, FILA anchors premium sports fashion, and DESCENTE plus KOLON SPORT extend into higher-end performance and outdoor use cases.
  • Retail and product investment flywheel: The group highlighted continued investment in capabilities like R&D (around RMB 2 billion in 2024) and retail operations, supporting faster product cycles and stronger channel control.
Anta Sports

Performance in China

China is Anta Sports’ core profit pool and the center of its retail execution. In 2024, the group said its China sportswear market share rose to 23.0%, ranking first in the industry.

E-commerce is a major growth channel. Online revenue contributed 35.1% of 2024 revenue, and in the first half of 2025 e-commerce revenue rose 17.6% year on year, reaching 34.8% of revenue, reflecting tighter platform mix and stronger digital operations.

The store base remains large, with 7,135 ANTA retail doors reported for 2024, supported by premium concepts such as FILA and DESCENTE in higher-income city clusters.

Marketing leans on local athletes and sports partnerships. Anta’s long-running Chinese Olympic Committee partnership covered the Paris 2024 cycle, and Li-Ning took the 2025 to 2028 cycle.

Growth and Future Prospects

ANTA’s growth plan is shifting from single-brand scale in China toward a broader mix of premium, outdoor, and international earnings streams. In 2024 the group reported RMB 70.83 billion in revenue, with “all other brands” up 53.7% to RMB 10.68 billion, driven by premium and outdoor concepts.  In the first half of 2025, revenue rose 14.3% to RMB 38.54 billion, and “all other brands” grew 61.1% to RMB 7.41 billion, showing that the portfolio is carrying more of the growth load.

Key growth drivers include:

  1. Premium and outdoor expansion
    DESCENTE, KOLON SPORT, and newer labels are scaling faster than the core mass brand. The completed JACK WOLFSKIN acquisition adds a global outdoor name, with a three-to-five-year turnaround plan under a joint management team.

    On 27 January 2026, Anta Sports Products announced that it had signed an agreement with Groupe Artémis, the Pinault family’s investment vehicle, to acquire a 29.06% stake in PUMA SE for €1.5 billion in cash, or €35 per share. Anta said it does not plan a full takeover and intends to seek board representation, framing the investment as part of its broader global expansion strategy. The transaction remains subject to regulatory approvals and customary closing conditions, with completion expected by the end of 2026.
  2. Globalization through owned brands and equity stakes
    ANTA remains the largest shareholder of Amer Sports after its 2024 IPO, with ownership around 44.5% cited by S&P Global Ratings.  It also began building a direct overseas brand presence, including a first North American store scheduled for September 2025 in Beverly Hills.
  3. Digital operating leverage
    E-commerce contributed 35.1% of 2024 revenue and 34.8% in H1 2025, supported by platform mix optimization and stronger digital capabilities.
  4. R&D and product cadence
    R&D spend reached about RMB 2 billion in 2024, with plans for RMB 20 billion of additional investment over the next five years. H1 2025 R&D spend reached RMB 1 billion.
  5. Sustainability targets that shape sourcing
    The group states a goal of carbon neutrality by 2050 and has SBTi-validated targets including a 42% Scope 1 and 2 reduction by 2030 from a 2022 base year.

Challenges ahead include:

  • Tougher China demand and heavier competition, which puts pressure on pricing, store productivity, and inventory discipline across the sector.
  • Execution risk from portfolio complexity, including integrating JACK WOLFSKIN and launching new retail partnerships like MUSINSA China (ANTA holds 40%).

This Company Profile was written by Dominik Diemer

Dominik Diemer blends an investor mindset with execution discipline.

He is a SAFe Program Consultant (SPC) and Lean Portfolio Management (LPM) practitioner at DMG MORI Digital, working as a SAFe Release Train Engineer and internal consultant in the Lean-Agile Center of Excellence (LACE).

His focus is prioritization, flow, and dependency management that turns strategy into outcomes. With experience across Bertelsmann and the Founders Foundation, he bridges corporate and startup thinking.

He also invests privately in private equity deals, sharpening his view on business models, value drivers, and go-to-market.

StockCounterParts reflects that lens.