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ANTA Sports Achieves Another Record High with Revenue Exceeding RMB70.8 Billion in 2024, a 13.6% Year-on-Year Increase

(Hong Kong SAR, 19 March, 2025) – ANTA Sports Products Limited ("ANTA Sports" or the "Company", stock codes: 2020 (HKD counter) and 82020 (RMB counter), and its subsidiaries collectively the "Group") today announced its audited annual results for the year ended 31 December 2024 (the "financial year").

Financial and Operational Highlights

  1. Reinforcement of leadership position: Revenue growth rate exceeded the industry, demonstrating high-quality growth across brands
    • Overall revenue increased by 13.6% year-on-year to RMB70.83 billion, setting a new record. The Group’s profit from operation increased by 8.0% year-on-year to RMB16.60 billion. 
    • According to data from a globally renowned institution, the Group's market share in the Chinese sportswear market increased to 23.0% in 2024, taking the top spot in the industry.
    • ANTA’s segment revenue grew by 10.6% year-on-year to RMB33.52 billion, while its operating profit rising by 4.5% year-on-year to RMB7.04 billion, reinforcing its leading position as a Chinese sportswear brand.
    • FILA’s segment revenue increased by 6.1% year-on-year to RMB26.63 billion, outpacing the industry average growth rate and solidifying its leadership in the high-end fashion sports market.
    • Revenue of all other brands surged by 53.7% year-on-year to RMB10.68 billion, while its operating profit jumping 61.7% year-on-year to RMB3.05 billion, sustaining robust momentum.
  2. Core profitability indicators surpassed market expectations, indicating healthy business operations
    • Profitability: The Group's profit attributable to shareholders reached a record high (excluding gain arising from equity dilution under the Amer Sports Listing and Amer Sports Placing), rising 16.5% year-on-year to RMB11.93 billion.
    • Operational efficiency: The overall operating profit margin remained steady at 23.4%, with the ANTA’s segment at 21.0%, the FILA’s segment at 25.3%, and all other brands at 28.6%.
    • Cash flow generation: Net operating cash inflow totaled RMB16.74 billion, with free cash inflow of RMB13.25 billion; as of December 31, 2024, the Group held cash and cash equivalents, bank deposits, and pledged deposits amounted to RMB52.21 billion.
    • Inventory management: Average inventory turnover days maintained at 123 days, reflecting a healthy inventory level.
    • E-commerce business: Revenue grew by 21.8% year-on-year and contributed 35.1% to the Group’s overall revenue in terms of absolute amount, an increase of 2.3% point year-on-year.
    • Share repurchase: In August 2024, the Company announced a share repurchase plan. As at March 19, 2025, a total of 25,410,400 shares have been repurchased, amounting to HKD1.97 billion, demonstrating our strong confidence in the Company's future development.
  3. Breakthrough achievements across four core dimensions: Brand value, technological innovation, talent development and social responsibility 
    • Sustained employment growth: The total workforce surpassed 65,900, with new recruitment of 25,000 graduates and young talents, establishing a talent pool of top overseas professionals. Annual investment in employee training and benefits exceeded RMB 400 million, and employee engagement scores ranking among top performers in Chinese and international benchmarks.
    • Enhanced R&D investment: R&D expenditure in 2024 rose to approximately RMB2 billion, with a year-on-year growth of over 20%; The ratio of R&D costs continued to grow; over the past ten years, the Group has accumulated an investment of RMB20 billion in innovation, including R&D. In the next five years, an additional RMB20 billion is expected to be invested in proprietary innovation and R&D to enhance consumer experience.
    • Brand value enhancement: The brand ranked 9th in the BrandZ Global Apparel ranking, becoming the first Chinese sports brand to enter the top 10.
    • Deepened sustainability initiatives: Achieved first inclusion in the Dow Jones Best-in-Class Emerging Markets Index as the sole Chinese footwear and apparel company, with the MSCI ESG rating upgraded to "A". Implementing "1+3+5" sustainability strategy across all business operations while pursuing the goal of carbon neutrality by 2050.

Ding Shizhong, Executive Director & 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. The Group is dedicated to enhancing brand value and retail innovation as we implement our 'Single-focus, Multi-brand, Globalization' strategy on a global scale. Over the years, our multi-brand approach has effectively addressed the needs of a diverse consumer market and facilitated the Group's high-quality growth. 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. In 2025, we are optimistic about sustaining our healthy growth momentum and accelerating our journey to become a world-leading multi-brand sportswear group. By creating more high-quality products, integrating our global resources, investing in our future, and enhancing our core competencies, we aim to deliver greater value to consumers."

About ANTA Sports
ANTA was established in 1991, while ANTA Sports Products Limited, a widely recognized global sportswear company, was listed on the Main Board of HKEx in 2007 (Stock Codes: 2020 (HKD counter) and 82020 (RMB counter)). The mission of the Company is to bring the transcendent sports spirit into everyone’s life. ANTA Sports principally engages in R&D, design, manufacturing, marketing and sales of professional sports products including footwear, apparel and accessories. By embracing an all-round brand portfolio including ANTA, FILA, DESCENTE and KOLON SPORT, etc., ANTA Sports aims to unlock the potential of both the mass and high-end sportswear markets. ANTA Sports is also the largest shareholder of Amer Sports, Inc., a global group of iconic sports and outdoor brands, including Arc'teryx, Salomon, Wilson, Peak Performance, and Atomic, whose shares are listed on the New York Stock Exchange (NYSE: AS).


IR website:    http://ir.anta.com 
WeChat official account:    antatiyu_20070710

For further information, please contact:
ANTA Sports Products Limited
Investor Relations Department
Tel:    (852) 2116 1660 
Fax:    (852) 2116 1590 
E-mail:    ir@anta.com.hk

CDR
Linda Pui / Jobie Cheung
Tel:    (852) 3103 0118 / (852) 3103 0107
Email:    AntaSportsIR@cdrconsultancy.com