![Shenzhen China Bicycle logo](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>)
May 2026
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Largest Sports & Leisure Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
ANTA, Ninebot, Yue Yuen Industrial, Toread Holdings Group and Shua Fitness.
 | 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 | -21% | $27B | $26B | 2.2x | 6.1x | ||
| Ninebot Ltd is engaged in the research and development, design, manufacturing, distribution and sales of short-distance transportation products. The products offered by the company include electric balance bikes and electric scooters for short distance commuting. | $6 | -38% | $4B | $3B | 1.0x | 8.5x | ||
| 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 | 3.6x | ||
| 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 | +81% | $2B | $2B | 10.1x | 129.1x | ||
| Shuhua Sports Co Ltd is a provider of fitness equipment and health solutions in China. It has four production bases and two operation centers in China. The company offers home fitness, commercial fitness, physical training, campus sports and various others. Its global business covers more than 60 countries and regions, including Europe and the United States, the Middle East and Southeast Asia. | $3 | +141% | $1B | $1B | 5.2x | 44.5x | ||
| Sportsoul Co Ltd is engaged in the research and development, design, production, and sales of leisure sports and fitness equipment series products. It has also expanded into light commercial and healthcare equipment. The company's product portfolio comprises various trampolines and other leisure sports equipment, as well as aerobic and strength-training equipment, including treadmills, elliptical trainers, exercise bikes, cross trainers, and weight racks. It owns domestic and international brands such as Skywalker, Sportsoul, and Techplus, and also manufactures leisure sports and fitness equipment for international companies such as Decathlon and Leidun through ODM/OEM models. | $3 | +25% | $632M | $540M | 8.0x | (222.6x) | ||
| Shanghai Phoenix Enterprise (Group) Co Ltd designs, develops, manufactures, and sells bicycles under the Phoenix brand name in China. Its production and sales of Phoenix brand bicycle products not only exported to Europe and the United States and other international markets. | $1 | -20% | $605M | $556M | 1.8x | 17.4x | ||
| Shenzhen China Bicycle Co Holding Ltd is a China-based company engaged in the manufacturing and selling of Bicycles. The company belongs to the machinery manufacture industry and mainly engages in the production and assembly of various bicycles and spare parts, components, parts, mechanical products, sports machinery, fine chemicals, carbon fiber composites material, household electrical appliance, and affiliated components. It operates in two segments: Jewelry Gold Business and Bicycle lithium battery materials & other business. | $1 | -8% | $435M | $433M | 4.0x | 50.1x | ||
| Zhonglu Co Ltd is engaged in the manufacture and sales of bicycles in China. Its products include bicycles, electric bikes, tricycles, and children bikes. It also offers additional products such as recreation and sports equipment, bowling equipment, automatic chess and card board, and plastic runway. It distributes its products within domestic market and to overseas markets. | $1 | -42% | $238M | $227M | 1.4x | (49.7x) | ||
| Median | $2 | -8% | $1B | $1B | 2.2x | 8.5x |
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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