Anta Sports Products' net profits jump 30%

Retail sales of Anta and Fila-branded products for 2019 increased by the mid-teens and 55-60 percent, respectively, compared to the same period in 2018.

The group has a total 12,943 stores, among which the number of Anta stores, including Anta kids standalone stores, on the Chinese mainland stood at 10,516. The number of Fila stores, including Fila Kids and Fila Fusion standalone stores, on the Chinese mainland, and in the Hong Kong, Macao and Singapore markets stood at 1,951, and the number of Descente on the Chinese mainland reached 136.

For the next five years, Anta group plans to invest over 1 billion yuan in technological innovation to boost the innovative product ratio to over 40 percent.