China News Service, Beijing, March 26 (Reporter Pang Wuji) Sporting goods stocks continued to strengthen on the 26th.
Li Ning, who closed up 10.74% sharply yesterday, continued to rise today, with an intraday increase of more than 8% and a 2.9% increase. The stock price exceeded HK$51 per share.
Anta Sports closed up 5.61% to 128.1 Hong Kong dollars per share.
Anta Sports also rose by more than 8.4% yesterday.
In addition, today China Dongxiang's share price rose 3.41%, and Xtep International rose 2.43%, both of which maintained their share prices for more than two consecutive days.
A research report recently released by China International Finance Securities believes that as the sports policy shifts from competitive sports to mass sports and major sports apparel companies complete inventory digestion and deepen their retail transformation, China's sports apparel industry has ushered in a new round of growth.
At the same time, the recent sanctions against Xinjiang cotton by international brands have stimulated consumer demand for domestic products, which will benefit downstream domestic brand apparel companies, including domestic sports apparel brands Anta and Li Ning.
According to data from the professional version of Tianyancha, there are currently nearly 3.95 million sporting goods-related companies in my country that are active, surviving, moving in or moving out.
Among them, 64% of related enterprises are limited liability companies, and 32% are individual industrial and commercial households.
In terms of regional distribution, Shaanxi has the largest number of sporting goods companies with nearly 380,000, followed by Guangdong and Shandong with more than 340,000 and 300,000 respectively.
From the time of establishment, more than 77% of sports goods-related companies were established within 5 years.
In addition, it is worth mentioning that my country's sporting goods industry is developing well, and the number of annual corporate registrations has maintained a steady growth in recent years.
Among them, the number of registered companies in 2019 exceeded 1.44 million, which was the year with the largest increase in recent years.
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