ANTA has grown from a domestic footwear maker into a multi-brand sportswear group with a diversified portfolio spanning mass and premium positioning. The company holds 23.0% market share in China's sportswear market in 2024, ranking first in the industry. In January 2026, ANTA acquired a 29% stake of German sports clothing brand Puma for €1.5bn, becoming the largest shareholder.
Cyborg Score Rationale
ANTA holds first-place market share in China's sportswear market with 23% share in 2024. H1 2025 profit grew 14.5% year-on-year to RMB 7.03 billion with operating margins improving to 26.3%. The strategic Puma acquisition demonstrates aggressive international expansion and premium brand diversification.
Top Insights
Dense retail network with 7,135 ANTA stores and 2,784 ANTA KIDS stores as of end-2024, plus expanding FILA footprint across multiple sub-brands.
E-commerce represents 35.1% of 2024 revenue, up from 32.8% in 2023, showing strong digital transformation momentum.
Strategic acquisition of 29% stake in Puma (January 2026) signals major international expansion and premium market positioning.
ANTA is the largest shareholder of Amer Sports, giving access to premium brands including Arc'teryx, Salomon, and Wilson.
Named Competitors
Nike — Global sportswear leader
Adidas — Premium athletic apparel and footwear
Li-Ning — Chinese domestic sportswear competitor
Recent Developments
(January 2026) Acquired 29% stake in Puma for €1.5bn, becoming the largest shareholder in the company.
(August 2025) H1 2025 revenue reached RMB 38.54 billion, increasing 14.3% year-on-year with 12th consecutive year of positive growth.
(2024) Achieved #1 market share in China sportswear market at 23.0% for fourth consecutive year.
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