May 2026
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Largest Clothing & Accessories Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
ANTA, Bosideng, Li Ning, Youngor Fashion and HLA Group.
 | Anta Sports is a leading Chinese sportswear company. The company designs, manufactures, and markets sportswear, footwear, and accessories, spanning from value-driven offerings to premium segments. Beyond their core Anta brand, the business operate a multi-brand portfolio including Fila (China), Descente (China), Kolon (China), and holds a major stake in Amer Sports, parent company to globally recognized brands like Salomon, Arc'teryx, and Wilson. This diverse portfolio allows Anta to cater to a broad spectrum of consumers, from professional athletes to athleisure enthusiasts. | $10 | -19% | $27B | $26B | 2.2x | 6.2x | ||
| Bosideng is the largest down apparel firm in China. The company operates several brands with different market positionings. Among them, its namesake Bosideng brand targets the mid to high-end segment, Snow Flying serves the mass market, and Bogner caters to the luxury segment. The firm also owns over 30% stake in Moose Knuckle, a Canadian luxury brand. As of March 2025, Bosideng has 3,470 retail locations across China, including 1,524 self-operated stores. In addition to its core business, Bosideng distributes ladieswear and provides OEM services to other brands, leveraging its supply chain strength. | $1 | -2% | $7B | $6B | 1.5x | 6.0x | ||
| Established in 1989, Li Ning is one of the largest sportswear companies in China. Headquartered in Beijing, Li Ning mainly sells professional and leisure footwear and apparel under the Li Ning brand. Despite having a single-brand strategy, Li Ning launched multiple sub-brands (such as China Li Ning and Li Ning 1990) to appeal to different demographics. As of the end of 2024, the company had 7,585 stores in China, of which 1,297 were directly operated, and the rest franchised. | $2 | +9% | $6B | $4B | 0.8x | 4.3x | ||
| Youngor Fashion Co Ltd is a China-based company that is engaged in the development of textiles and apparel. The company's brands are YOUNGOR, MAYOR, Hart Schaffner Marx, HAMP, and Others. In addition, the company is also involved in the real estate development business and the financial investment business. | $1 | +6% | $5B | $7B | 4.0x | 10.3x | ||
| Hla Group Corp Ltd is a Chinese clothing company. Its businesses include the operation of brand clothes, the production, and sales of upscale suits and professional clothing. Its brand clothing management includes brand management, supply chain management, and marketing network management. The company operates product brands including HLA, HLA Group Buying, OVV, Yingshi YeeHoO, and HLA Optimal Selection. The company offers men's clothing, women's clothing, and accessories. | $1 | -14% | $4B | $3B | 1.0x | 5.0x | ||
| Yue Yuen Industrial (Holdings) Ltd is engaged in the manufacturing and sales of footwear products, as well as the retail and distribution of sportswear and footwear products. Retail operation also includes the provision of large-scale commercial spaces to retailers and distributors. The company operates in two reportable segments: Manufacturing Business and Retailing Business. Manufacturing Business contributes the majority of the revenue. Its products include athletic shoes, casual shoes, outdoor shoes, sports sandals, soles, components, and Apparel wholesale. The company operates in the United States, China, Europe, Asia, and other countries, and the majority of its revenue is generated from China. | $2 | +24% | $3B | $3B | 0.4x | 3.7x | ||
| Henan Liliang Diamond Co Ltd is engaged in the research and development, production, sales, import, and export of synthetic diamond and superhard material products. | $11 | +159% | $3B | $2B | 26.4x | 48.5x | ||
| Lao Feng Xiang Co Ltd is engaged in the manufacture and sale of gold jewelry. It is also engaged in the manufacture and distribution of gold arts and crafts, and other related products. | $4 | -24% | $2B | $2B | 0.2x | 3.3x | ||
| Toread Holdings Group Co Ltd is engaged in the research and development, design, production and retail of outdoor products. It offers skin suits, children's outdoor equipment, and outdoor sports shoes, as well as equipment supplies. | $2 | +91% | $2B | $2B | 10.0x | 127.7x | ||
| China National Gold Group Gold Jewellery Co Ltd is a professional gold jewelry production and sales enterprise specializing in the operation of the China Gold brand. | $1 | 0% | $2B | $1B | 0.1x | 18.1x | ||
| CHOW TAI SENG Jewellery Co Ltd is engaged in designing, wholesale, and retail of jewelry. It offers a necklace, pendants, and other jewelry products. Geographically, the group operates through China. | $2 | -5% | $2B | $2B | 1.5x | 8.8x | ||
| Beijing Caishikou Department Store Co Ltd is engaged in the raw material procurement, style design, chain sales and brand operation of gold jewelry products. | $2 | +0% | $2B | $1B | 0.3x | 5.1x | ||
| Xtep International Holdings Ltd is principally engaged in the design, development, manufacturing, sales, marketing and brand management of sports products including footwear, apparel and accessories for adults and children. With its core Xtep brand, as well as Saucony and Merrell under its diversified brand portfolio, and professional sports segments through an extensive distribution network of more than 8,100 stores. It has two reportable operating segments from continuing operations as follows: (a) mass market segment, including signature brand, Xtep; and (b) professional sports segment, including signature brands, Saucony and Merrell. | $1 | -20% | $2B | $1B | 0.7x | 3.9x | ||
| DR Corp Ltd is engaged in designing, wholesale, retail and maintenance of jewelry, diamonds, platinum, gold, silver, diamond inlays and their accessories. | $4 | -13% | $2B | $875M | 3.9x | 15.5x | ||
| Guangdong CHJ Industry Co Ltd is engaged in the design, production, and sale of jewellery. The category includes ring, necklace, pendant, stud earring, earring, bracelet, decoration, and gift. The product types of the company include fashion series, weeding series, childlike, and high order series. | $1 | -36% | $1B | $1B | 0.9x | 9.0x | ||
| Beijing Kingee Culture Development Co Ltd is a Chinese company engaged in the development of precious metals handicrafts and jewelry. It carries the activities of wholesale, retail, and supply chain services in China. The company offers ornaments, customized jewelry and product package. | $0 | -21% | $1B | $897M | 6.9x | 55.1x | ||
| Anhui Huamao Textile Co Ltd is mainly engaged in the production and distribution of cotton yarn, blended yarn, spandex core yarn line, singeing mercerized dyed yarn, and jacquard fabrics in China. | Textiles+1 | $1 | -- | $564M | $642M | 1.3x | 8.4x | |
| Lanvin Group Holdings Ltd engages in offering products ranging from apparel to leather goods, footwear, and accessories. The firm is operating mainly 5 portfolio brands, namely Lanvin, Wolford, Sergio Rossi, St. John, and Caruso. It derives the majority of its revenue from the Wolford segment. | $2 | -31% | $178M | $724M | 2.6x | (6.8x) | ||
| JX Luxventure Group Inc is engaged in the tourism sector and supplying related products, including technology solutions, to business partners in China, both online and offline. The company operates in three segments Tourism products, Technology, and Cross board merchandise The majority of the group revenue is generated from Tourism products. | $8 | -- | $101M | $111M | 1.3x | (19.1x) | ||
| Ernest Borel Holdings Ltd is engaged in the design, production, marketing and sale of mechanical and quartz premium watches. Its operating segments are Watches business segment engaged in manufacturing and sales of watches; and Smart watch manufacturing business segment engaged in design, development and manufacturing of stainless-steel alloy watches cases, smartwatches cases on ODM and OEM basis. It derives majority of the revenue from Smart watch manufacturing business. Geographically it has presence in The PRC, Vietnam, Hong Kong and Macau, Korea, South East Asia, and Others. | $0 | +84% | $80M | $80M | 7.9x | (25.7x) | ||
| Luen Thai Holdings Ltd is engaged in the manufacturing and trading of apparel and accessories. The company has a diverse product range that includes Fashion and Sleepwear, Sports Active Wear, Sweaters and Outerwear, Casual Knits and Woven Wear, and Accessories. It derives revenue mainly from sales of apparel and accessories. Its revenue is mainly derived from customers located in the United States, the PRC, Europe, Canada, South America, and Japan, while the company's business activities are conducted predominantly in Hong Kong, Macao, the PRC, the Philippines, Cambodia, the United States, and Myanmar. The company has two operating segments, Apparel and Accessories. The company generates the majority of its revenue from the Apparel segment. | $0 | +74% | $36M | $124M | 0.2x | 4.2x | ||
| Median | $2 | -2% | $2B | $1B | 1.3x | 6.0x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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