ANTA Sports Products (02020) saw its shares plummet 6.06% during Wednesday's intraday trading, hitting a nine-month low. The decline followed the company's mixed 2025 sales report and a cautious outlook for 2026.
The drop was driven by weak Q4 retail sales for its mass-market ANTA brand, which recorded low single-digit negative growth year-over-year, while its premium Fila brand saw mid single-digit growth. Analysts from Citi and Nomura expressed concerns about margin pressures due to increased brand investments and subdued consumer demand in China's sportswear market. Both firms cut their target prices for the stock.
Despite the challenges, ANTA remains a top pick for some analysts due to its strong operational capabilities and attractive valuation compared to peers like Li Ning.
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