Anta Sports reported record sales for fiscal 2023 on Tuesday, with all of the company’s business segments reporting increases.

According to the Chinese sports company, overall revenue increased 16.2 percent to a record 62.36 billion Chinese yuan ($8.63 billion based on current exchange) from 53.65 billion yuan in 2022.

More from Footwear News

• H&M Q1 Sales Dip in First Results Under New CEO Daniel Ervér

• Nike is Leaning Back Into Wholesale. Some Analysts Say This Was Inevitable.

The company’s namesake brand saw revenues increase 9.3 percent in 2023 to 30.31 billion yuan, with direct-to-consumer sales overtaking wholesale at Anta. The company noted that Anta’s DTC segment represents 56 percent of the brand’s business and increased 2.4 percent year-over-year to 17 billion yuan.

Anta reported that revenue for its Fila franchise — which includes mainland China, Hong Kong and Macao — increased 16.6 percent over last year to 25.10 billion yuan in 2023. Total revenue of all other brands, which include Decente and Kolon Sport, surged by 57.7 percent year-on-year to 6.95 billion yuan.

Amer Sports, which Anta owns a majority of, reported revenues of 31.25 billion yuan ($4.37 billion) for the year, an increase of 30.1 percent from 2022.

The Finnish company, which includes the Salomon, Arc’Teryx, Wilson, Peak Performance and Atomic brands, raised $1.37 billion its U.S. initial public offering (IPO) in January, a total that fell short of its projected $1.8 billion. 2023 revenues for Amer’c technical apparel group, which includes Arc’teryx, were $1.59 billion. Revenues for outdoor performance, which includes the Salomon brand, were $1.66 billion. Ball and Racquet Sports revenues were $1.1 billion.

Lai Shixian, executive director and co-chief executive officer of Anta Sports, said in a statement that the company “firmly adhering” to its development strategy of “single-focus, multi-brand, globalization,” which aims to continuously exploring the path of globalization through its brand development and retail.

“The multi-brand approach aligns with the diverse consumer demands in the multi-level and full range of scenarios in the Chinese sportswear market, instilling us with confidence in the future prospects of the Chinese market and the Group’s development,” Shixian said.

The co-CEO also touted that Chinese athletes will once again compete in Anta at the 2024 Paris Olympics this summer, while the company works to continue to strengthen its core multi-brand synergistic management capabilities, multi-brand retail operations capability and global operations and resources deployment capability.