Changes in Hong Kong stocks | Li Ning (02331) rose more than 5% this week and surged more than 20%. Sales performance in the first quarter was in line with market expectations
Li Ning (02331) rose more than 5%, with a cumulative increase of more than 20% this week. As of press release, it rose 5.28% to HK$20.95, with a turnover of HK$172 million.
[Broker Focus] Dongwu Securities maintains Li Ning's (02331) “buy” rating and is expected to grow faster in the second half of the year than in the first half
Jinwu Financial News | According to Dongwu Securities Research Report, Li Ning (02331) released 2024Q1 business data: 1) Li Ning (excluding YOUNG): 24Q1 omni-channel retail traffic increased by a low number of units, same-store sales declined year-on-year, and the turnover performance was better than that of the same store, mainly due to differences in statistical caliber. The omni-channel traffic statistics include the efficient store flow contribution of newly opened stores during the 23Q1-24Q1 period. As of the end of 24Q1, Li Ning (excluding young) stores were 6,214, a net increase of 8 stores compared to the end of 23Q1. 2) Li Ning Young: 24Q1 omni-channel traffic increased by one position year-on-year
Anxin International: Maintaining Li Ning's (02331) “Buy” Rating Target Price of HK$28.3
The Zhitong Finance App learned that Anxin International released a research report stating that it maintains Li Ning's (02331) “buy” rating and predicts EPS of 1.30/1.45/1.59 yuan in 2024/2025/2026, with a target price of HK$28.3. The company's performance in the first quarter was basically in line with market expectations, and the guidance for the whole year will also be maintained. As inventory levels return to health, the bank believes the company's growth will return to a steady level. With the arrival of the Paris Olympics, the company will also launch a series of marketing activities to raise the brand's voice. The bank said that Li Ning's 24Q1 e-commerce channel exceeded expectations, and the running category performed well.
[Broker Focus] CMB International cuts Li Ning (02331) target price by 10% indicates that it is currently relatively unattractive
Jinwu Financial News | According to CMB International Development Research Report, Li Ning (02331) announced operating figures for the 1st quarter of '24. The low number of units in retail turnover and the inventory sales ratio of 4 to 4.5 months were all in line with expectations, but retail discounts (whether online or offline) improved by a lower number of units compared to the fourth quarter of '23, which meant that the month-on-month improvement was low to medium units, slightly better than expected. Looking ahead, on the one hand, the company did not adjust the annual guidelines (medium unit sales growth and low double-digit net profit margin). On the other hand, the outlook for the next few quarters remains positive. According to the bank, the current price is 13 times the projected price-earnings ratio in fiscal year 25.
[Broker Focus] Guotai Junan maintains Li Ning (02331)'s “increase in holdings” rating and expects the number of units in the year-on-year increase in revenue this year
Jinwu Financial News | According to Guotai Junan Development Research Report, Li Ning (02331) Q1's omni-channel traffic grew at a low rate, in line with expectations; among them, low offline sales declined (retail orders increased, wholesale orders declined), which was weaker than the company's expectations; online traffic grew at a low level of 20-30%, better than the company's expectations. According to the bank, for the full year of 2024, the bank maintains a double-digit forecast of the number of units in the year-on-year increase in the company's revenue and a low net interest rate. In terms of volume price, the bank expects the company's ASP to remain relatively stable in 2024, with growth mainly driven by volume growth. The bank expects the company's net profit to be returned to mother in 2024-2026, respectively
[Broker Focus] Huaxi Securities maintains Li Ning's (02331) “buy” rating, indicating that children's clothing is expected to become a new growth point in the long run
Jinwu Financial News | According to the Huaxi Securities Research Report, Li Ning (02331) announced 2024Q1 operating data: low unit growth in omnichannel traffic, with low unit decline/20-30% lower offline/online unit growth, and retail/wholesale growth in medium units/medium units respectively, that is, franchisees are still being removed from inventory. The bank's projected revenue growth in 24: It is expected that the main brand will close its direct sales and franchise stores. Only children's clothing and 1990 will maintain net sales, but franchise delivery is expected to improve, and e-commerce channels are expected to gradually recover in '24. On the product side, it is expected that Wade 11 will be released in the future
Li Ning's Sales Growth May Remain Under Pressure in 2Q -- Market Talk
0508 GMT - Li Ning's sales growth may remain under pressure in 2Q, CCB International says, noting the lack of improvement in its sales momentum in April to date. The Chinese sportswear company's retai
Hong Kong Stock Concept Tracking | 2024 National Culture and Tourism Consumption Promotion Campaign Launched, International Agencies Are Optimistic About Consumer Profits (with Concept Stocks)
The UBS report indicates that listed consumer goods companies are performing better than overall consumption in the economy
Changes in Hong Kong stocks | Li Ning (02331) continues to rise by more than 4%. Institutions believe that the company's e-commerce inventory has recovered and physical stores will recover in 24 years
Li Ning (02331) continued to increase by more than 4%. As of press time, it rose 4.11% to HK$19.26, with a turnover of HK$69.87 million.
[Broker Focus] BOC International maintains Li Ning's (02331) neutral rating, indicating that retail sales in the first quarter were in line with expectations
Jinwu Financial News | According to BOC International Development Research Report, Li Ning (02331)'s overall retail sales grew by a low single digit in the first quarter of 2024, in line with expectations. Online sales recovered well in the first quarter, while offline sales were weaker than expected. Both offline discounts and channel inventory have improved. According to the bank, management has reiterated its previous full-year financial guidelines, namely single-digit year-on-year revenue growth and a low double-digit net profit margin. This growth guide may be too conservative, because operations were good in the first quarter and faced a low base in the fourth quarter, but the bank believes that the net profit margin is risky. The reasons include 1) 2024 marketing expenses due to the Olympics
Nomura Adjusts Li Ning's Price Target to HK$30.40 From HK$33.20, Keeps at Buy
05:36 AM EDT, 04/23/2024 (MT Newswires) -- Nomura Adjusts Li Ning's Price Target to HK$30.40 From HK$33.20, Keeps at Buy
Hong Kong stocks closed (04.23) | Hang Seng Index closed up 1.92%, TechNet stocks once again strong, Meituan-W (03690) rose nearly 8% to lead blue chips
UBS raised the Hong Kong stock rating to overrated, and the China Securities Regulatory Commission's five measures against Hong Kong boosted the market. Hong Kong stocks strengthened for two consecutive days.
Jefferies: Give Li Ning (02331) a target price of HK$52 for the “buy” rating
Jefferies expects Li Ning (02331) to include more urban outdoor products starting in the summer of 2024. It is believed that physical stores will also recover in 2024.
[Hong Kong Stock Connect] Li Ning (02331) reduces carbon footprint of new products by 30%
Jinwu Financial News | The ESG report released by Li Ning Group (02331) today shows that as of 2023, the application rate of low-carbon silk upper in Li Ning's running shoe products has reached 61%. At the same time, compared to traditional rubber and other substrates, Li Ning reduced carbon emissions by about 1,500 tons, 438 tons, and 1,176 tons respectively by using GCR, GCU, and rubber substrates in 2023.
The Long Run of Sustainable Business: Li Ning's ESG “Acceleration”
It has been 20 years since ESG was officially proposed by the United Nations as an overall concept. Over the past 20 years, sustainable development has gradually evolved from a concept to an important part of enterprises creating their own value and building a sustainable ecosystem. Sustainable business establishes the purpose and role of business based on social purposes, so as to re-examine all aspects of an enterprise's strategy, operation, production, and sales, find the optimal path between the economic interests, social interests, and environmental interests of the enterprise, and promote the harmonious development and overall progress of business, society, and the environment. The integrated development of sustainable concepts and industry has become a hot topic of concern in the industry. How to do business
[Broker Focus] Nomura Cut Li Ning (02331)'s target price of 8.4% to HK$30.4 indicates first-quarter sales are in line with expectations
Jin Wu Financial News | According to the Nomura Research Report, Li Ning (02331)'s operating data for the first quarter of 2024 showed that sales were in line with expectations, but same-store sales growth (SSSG) data was disappointing. The bank believes that the total retail sales volume of the Li Ning brand (excluding children's clothing) increased by a lower number of units compared to the same period compared to the same period, which is basically in line with market expectations. Same-store sales (SSS) saw a mid-single digit drop year over year, which is a bit disappointing. According to the bank, Li Ning's retail and wholesale channel same-store sales recorded lower single-digit and mid-double-digit declines, respectively, over the same period last year. Meanwhile, as of the first quarter, the inventory sales ratio level was slightly better than the same period last year. Discounts during the period
Changes in Hong Kong stocks | Li Ning (02331) rose more than 3% in early trading and retail sales across the platform achieved low unit growth year on year in the first quarter
Li Ning (02331) rose more than 3% in early trading. As of press release, it was up 3.2% to HK$18.06, with a turnover of HK$92.714,400.
2023年度報告
Li Ning (02331.HK) released operating data for the first quarter: retail sales across the platform achieved low unit growth
Gelonghui, April 22丨Li Ning (02331.HK) announced the latest operating conditions for the first quarter of 2024. As of the first quarter ending March 31, 2024, Li Ning's sales outlets (excluding Li Ning YOUNG) recorded a low year-on-year increase in retail sales across the entire platform. As far as channels are concerned, offline channels (including retail and wholesale) recorded a decline in the number of units. Among them, retail (direct management) channels recorded an increase in the number of units recorded, wholesale (authorized dealer) channels recorded a decrease in the number of units; and the e-commerce virtual store business recorded a low growth of 20%-30%. As of March 31, 2024
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...
No Data