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Article Date: March 2021
Word Count: 569

Anta Growth Slows in 2020, But Fila Soars


The largest Chinese sportswear company posted net income attributable to shareholders of RMB 5,162 million ($748 mm) in 2020, down 3% from RMB 5,344 million on 5% higher revenues of RMB 35,512 million ($5,146 million) against RMB 33,928 million. It bounced back quickly in 2020 from early Covid setbacks, as all its operations are in China and it recovered as that country re-opened after lockdowns were lifted. E-commerce continued momentum through the pandemic year, ending up 53% from 2019, accounting for 26% of the top line from 18% prior. Footwear sales jumped 11% to RMB 12,700 million, apparel was up ... Log in to view full article.

 


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