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In early 2025, China’s apparel sector saw most A-share firms post declining revenue, with sportswear brands outperforming outdoor wear.
In early 2025, China’s apparel sector saw 31 of 48 A-share listed firms report declining revenue and profits amid rising competition.
Anta led with 38.54 billion yuan in revenue, growing 14.3%, followed by Li-Ning and HLA Group.
Smaller brands like Metersbonwe and Youngor faced steep drops, while 75% of surveyed companies earned under 2 billion yuan.
Harson Group posted the largest gain at 67.03%.
Sportswear brands remained strong, but outdoor wear firms struggled.
Companies are investing in R&D, expanding into lifestyle segments, and exploring overseas markets to adapt to shifting consumer demand.
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