On March 21st, Chinese sports giant ANTA Group (02020.HK) released its 2022 annual performance report, revealing a YoY revenue growth of 8.8% to RMB 53.65 billion. Since breaking the 10 billion mark in 2015, ANTA Group has achieved a leap from 10 billion to 50 billion in just seven years, with a compound annual growth rate of over 25%, leading the Chinese sports footwear and apparel market. Despite the pressure of the pandemic, the group’s gross profit still grew YoY by 6.3% to RMB 32.32 billion, while net profit slightly fell by 1.7% YoY to RMB 7.59 billion, with gross profit m …
