Revenues for the year ended Dec. 31 increased by a staggering 54.8 percent to 4,626.8 million renmimbi (€532.6m-$677.3m) for Anta Sports Products, a Chinese company that designs, develops, manufactures and markets sportswear. Gross profits were also up by 84.9 percent to RMB 1,848.6 million (€212.8m-$270.6m).
Footwear and apparel sales volume grew by 46.8 percent and 43.7 percent, selling 26,812 thousand pairs and 33,874 thousand pieces respectively. The number of Anta’s retailers in China rose by 20.2 percent for a total of 5,667 stores nationwide. While the domestic market is showing significant growth, the international market consists of only 0.5 percent total sales.
Despite the economic crisis, Anta continued to increase average selling prices for both footwear and apparel by RMB 94.0 (€10.81-$13.76) and RMB 57.0 (€6.56-$834), respectively. The company expects to expand the number of stores by 9.4 percent to 6,200 by the end of this year. Having signed tennis star Jelena Jankovic in January, Anta plans to release her line during second half of 2009.
