---
title: "Credit Suisse is more optimistic about China's sportswear industry, expecting retail sales to rise over 5% from the beginning of the year to date"
description: "Credit Suisse holds an optimistic view on China's sportswear industry, expecting retail sales growth to exceed 5% year-to-date. Despite the impact of a warm winter, retail sales during the Lunar New Y"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276847527.md"
published_at: "2026-02-25T07:05:14.000Z"
---

# Credit Suisse is more optimistic about China's sportswear industry, expecting retail sales to rise over 5% from the beginning of the year to date

> Credit Suisse holds an optimistic view on China's sportswear industry, expecting retail sales growth to exceed 5% year-to-date. Despite the impact of a warm winter, retail sales during the Lunar New Year holiday still outperformed expectations, attributed to government subsidies, holiday changes, and the popularity of outdoor sports. ANTA's operations are stabilizing, with a target price of 95 yuan and a rating of "Hold"; LI NING has a target price of 48 yuan and a rating of "Buy."

The research report from Jefferies indicates a more optimistic outlook for China's sportswear industry. Despite encountering warm winter weather, retail sales during the domestic Lunar New Year holiday may still exceed expectations. The firm attributes this strong performance to government subsidy support, changes in holiday dates, and the popularization of outdoor sports.

The firm predicts that year-to-date retail sales will grow by more than 5% year-on-year, significantly accelerating from last year's flat performance in the fourth quarter, although discount rates have worsened compared to the same period last year. Overall, the firm considers the performance a positive surprise, especially in the context of warm winter weather.

After recently lowering guidance, the firm has observed that Anta (02020.HK) is stabilizing in operations, driven by a low base, store renovations, and discount optimization; it now sets a target price of HKD 95 and a "Hold" rating. Additionally, the firm sets a target price of HKD 48 and a "Buy" rating for Li Ning (02331.HK)

### Related Stocks

- [02331.HK - LI NING](https://longbridge.com/en/quote/02331.HK.md)
- [02020.HK - ANTA SPORTS](https://longbridge.com/en/quote/02020.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.