Movement Alert｜ANTA Sports Rises 3.03% in Regular Trading, Nike Greater China Revenue Decline for Eight Consecutive Quarters Benefits Domestic Brands

Market Focus07-02

On July 2, ANTA Sports rose 3.03% in regular trading, trading at 73.1 HKD/share, with turnover of HKD 248 million.

On the news front, Nike's latest fourth-quarter fiscal year results revealed that Greater China revenue has posted year-over-year declines for eight consecutive quarters, with brand strength continuing to weaken amid rising consumer complaints and frequent discounting strategies that have further eroded brand value perception. The international giant's ongoing market share loss in China provides sustained substitution benefits for domestic sportswear brands including ANTA. Additionally, ANTA was recently selected for the Forbes Global 2000 list as the only Chinese sporting goods company to make the ranking.

Institutional support remains strong, with multiple brokerages maintaining buy ratings and target prices well above current levels. Analysts have highlighted ANTA's multi-brand strategy resilience, with high-end brand profit contribution rising steadily and Amer Sports delivering 32% revenue growth and 47% adjusted net profit growth in Q1, reinforcing the group's global sportswear platform positioning.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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