Li Ning (02331) issued 1,099 new shares due to conversion of convertible securities

Li Ning (02331) issued an announcement to convert the company to a public sale of HK3.183 per share on April 22, 2013...

Zhitong FinanceApr 16 04:47 ET

Sporting goods stocks generally fell, Tep International (01368) fell 4.23% Beijing Banma Organizing Committee: A special investigation team has been set up

Jinwu Financial News | Sporting goods stocks generally fell. Taobo (06110) fell 4.78%, Teb International (01368) fell 4.01%, Li Ning (02331) fell 3.75%, Anta Sports (02020) fell 3.48%, and 361 degrees (01361) fell 2.85%. Public opinion was surging over the Beijing Half Horse “Delivery” incident. Tep International's stock price plummeted for two consecutive days, the sports footwear sector of Hong Kong stocks weakened, and Anta and Li Ning fell sharply. In response to the dispute, Special Step said that the current situation is still being confirmed and verified by various parties, and further information will be communicated as soon as possible. 4

金吾財訊Apr 16 02:18 ET

Looking at Li Ning's (02331) 2023 financial report: stable gross margin of 48.4%, high quality brand strength supports performance resilience

If Li Ning's strong brand power provides the driving force for the company's performance, then the development momentum of the sports consumer industry has opened up Li Ning's growth ceiling.

Zhitong FinanceMar 26 23:27 ET

Li Ning (02331.HK) financial report: Inventory removal effect is obvious, commercial operation ability is excellent, and light weight can be expected

Recently, Li Ning Co., Ltd. (hereinafter referred to as “Li Ning”, 02331.HK), a leading domestic sportswear brand listed in Hong Kong, released its 2023 financial report. Last year, it achieved revenue of 27.598 billion yuan, an increase of 7% over the previous year; it achieved net profit of 3.187 billion yuan and a net interest rate of 11.5%. Net operating cash for the year was 4.688 billion yuan, an increase of 19.8% over the previous year.

Gelonghui FinanceMar 25 20:56 ET

[Broker Focus] CITIC Construction Investment maintains Li Ning's (02331) “buy” rating and is still in a slow recovery phase at 24Q1

Jin Wu Financial News | According to the CITIC Construction Investment Research Report, Li Ning (02331)'s revenue growth slowed in 2023, mainly due to slow recovery in passenger flow, increased e-commerce competition, and the company's control of franchisee shipments in the second half of the year under channel trading; due to the increase in sales expenses mentioned by impairment measures, net profit returned to mother was under pressure in '23. The running and fitness categories performed well with improved product strength and continuous improvement of the matrix, while the basketball category was weak; at the end of '23, there were 7,668 stores/ +0.9%. Channel inventory turnover fell to 3.6 months at the end of '23. Looking ahead, it is expected that 24Q1 will still be in a slow recovery phase. The company

金吾財訊Mar 25 03:10 ET

[Broker Focus] Open Source Securities maintains Li Ning's (02331) “buy” rating and expects its channel inventory to return to health

Jinwu Financial News | According to Open Source Securities Research, Li Ning (02331) achieved revenue of 27.598 billion yuan (+7% year over year, same below), net profit of 3.187 billion yuan (-21.6%), net profit after deducting non-return to mother of 3,046 billion yuan (-25%), net profit margin of 11.5% (-4.2pct), and dividend rate of 45% in 2023. According to the bank, the company's gross profit margin in 2023 was 48.4%, the same as the previous year. The main reason was that online average discounts deepened orders due to increased e-commerce competition. The sales/management/finance expense ratio was 32.9%/4.6%/1.2%, +4 year over year

金吾財訊Mar 22 05:38 ET