Li Ning Company Limited

Li Ning Company Limited

1.46
EUR
-0.02
(-1.53%)
5.16BMarket Cap
Mar 18Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.63
3.87
3.28
3.62
3.7
4.35
5.73
5.89
9.01
9.87
10.67
11.13
11.48
- -
Basic EPS, GAAP
-0.24
-0.5
0.01
0.29
0.21
0.3
0.62
0.69
1.6
1.55
1.23
1.17
1.14
- -
Free Cash Flow per Basic Share
-0.19
-0.46
0.14
0.23
0.3
0.44
1.16
0.82
2.19
0.8
1.11
1.46
1.38
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
0.09
0.15
0.21
0.46
0.84
0.56
0.54
- -
Book Value per Share
1.78
1.24
1.69
2
2.35
2.69
3.11
3.51
8.08
9.23
9.48
10.14
10.83
10.83
Tangible Book Value per Share
1.3
0.72
1.5
1.82
2.19
2.55
2.99
3.37
7.94
9.09
9.33
9.99
10.71
10.71
Basic Weighted Avg Shares
1,603
1,564
2,159
2,216
2,399
2,414
2,420
2,454
2,505
2,615
2,586
2,576
2,577
2,577
Sales/Revenue/Turnover
5,824
6,047
7,089
8,015
8,874
10,511
13,870
14,457
22,572
25,803
27,598
28,676
29,598
- -
Operating Margin (%)
-3.68
-10.78
2.03
4.56
4.77
6.65
10.5
14.49
21.8
17.37
12.23
13.22
13.35
- -
Depreciation Expense
193
198
254
318
370
411
821
1,013
1,140
1,454
1,897
1,858
1,376
- -
Net Income, GAAP
-392
-781
14
643
515
715
1,499
1,698
4,011
4,064
3,187
3,013
2,936
- -
Effective Tax Rate (%)
- -
- -
239.4
11.26
4.16
15.88
19.25
24.44
24.72
24.95
25.12
26.69
29.92
- -
Profit Margin (%)
-6.72
-12.92
0.2
8.03
5.81
6.8
10.81
11.75
17.77
15.75
11.55
10.51
9.92
- -
Working Capital
1,944
1,284
3,012
1,977
2,983
3,609
3,823
4,761
10,968
5,154
6,385
12,942
14,889
14,889
LT Debt
846
975
910
- -
- -
- -
557
689
956
1,474
1,825
1,385
1,466
1,466
Total Equity
2,892
2,169
3,411
3,997
5,074
5,820
7,124
8,689
21,104
24,332
24,407
26,104
27,627
27,627
Return on Invested Capital (%)
- -
- -
-5.8
7.91
9.28
12.37
17.64
17.88
22.81
14.26
9.57
9.46
9.13
- -
Return on Capital (%)
- -
- -
-3.83
13.79
10.69
13.2
22.2
19.59
25.24
16.94
12.38
11.38
10.48
- -
Return on Common Equity (%)
-18.22
-33.71
0.56
17.93
11.36
13.14
23.17
21.49
26.93
17.89
13.08
11.93
10.93
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
552
490
590
LT Borrowings
- -
- -
- -
LT Finance Leases
1,385
1,287
1,466
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,575
2,575
2,550
Market Capitalization
39,326
39,060
42,408

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
20,528
22,143
22,950
Cash, Cash Equivalents & STI
15,763
17,052
17,809
Accounts Receivable, Net
1,005
1,352
1,389
Inventories
2,598
2,428
2,694
Total Current Liabilities
7,586
7,691
8,061
Payables & Accruals
- -
- -
- -
ST Debt
552
490
590
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.45%
34.25%
5.84%
Free Cash Flow
47%
34.8%
-5.3%
Net Income, GAAP
464.51%
21.57%
-2.56%
Sales/Revenue/Turnover
16.29%
16.9%
3.22%
Total Cash Common Dividend
- -
42.73%
-3.05%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
27,598
2024
- -
- -
28,676
2025
- -
- -
29,598

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.23
2024
- -
- -
1.17
2025
- -
- -
1.14

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.84
2024
- -
- -
0.56
2025
- -
- -
0.54

Company Description

CEO
Ning Li
Full Time Employees
5,152
Sector
Consumer non-durables
Industry
Apparel/Footwear
Address
Beijing Eco-Techl Development Area Beijing BE China 101111
IPO Date
Jun 28, 2004
Website
lining.com
Business
Li Ning Company Limited (2331.HK) engages in the research, development, design, manufacture, marketing, distribution and retail of sporting goods primarily in the People's Republic of China. The company offers professional and leisure footwear, apparel, equipment and accessories under the flagship LI-NING brand; outdoor sports products under the AIGLE brand; table tennis products under the Double Happiness brand; and badminton products under the Kason brand, while also providing brand licensing, administrative, research and development, and property management services. It operates through conventional stores, flagship stores, China LI-NING stores, factory outlets and multi-brand stores under the LI-NING brand, with a focus on core categories including running, basketball, training, badminton, table tennis and sports casual, alongside expansions into outdoor sports, tennis and pickleball. Founded in 1990 and headquartered in Beijing, China, the company targets consumers in high-tier, emerging and international markets through a multi-channel network emphasizing professional sports mindset, sports fashion aesthetics and Chinese cultural values. In recent developments, Li Ning formed a joint venture with HongShan (formerly Sequoia China) in October 2024, holding a 55% stake to accelerate international expansion leveraging HongShan's global expertise in consumer brands and offices in Singapore and London. The company launched its Super Breakthrough midsole technology in November 2024, introducing six new basketball and running products as part of its lightweight technology platform evolution, which includes Breakthrough, Super Breakthrough, Breakthrough Silk and Extreme Breakthrough Silk. In 2025, Li Ning signed as the official sportswear partner for the Chinese Olympic Committee and Chinese Sports Delegation through 2028, aligning with its "China’s Glory, LI-NING Support" marketing theme, and opened its first standalone outdoor category store in Beijing to advance the "single brand, multi-category, multi-channel" strategy.

Company News

  • Li Ning (OTCMKTS:LNNGY) Shares Gap Down – Here’s What Happened

  • Li Ning (OTCMKTS:LNNGY) Shares Gap Down – Time to Sell?

  • Li Ning Company Limited (OTCMKTS:LNNGF) Stock Short Interest Declines 38.7%

  • Contrasting Li Ning (OTCMKTS:LNNGF) and Hasbro (NASDAQ:HAS)

  • Critical Analysis: Li Ning (OTCMKTS:LNNGY) versus Hennes & Mauritz (OTCMKTS:HNNMY)

  • Li Ning (OTCMKTS:LNNGY) Sets New 1-Year High – Here’s What Happened

  • Li Ning (OTCMKTS:LNNGY) Stock Passes Above 50 Day Moving Average – Here’s Why

  • Li Ning Company Limited (OTCMKTS:LNNGF) Short Interest Update

  • Comparing Li Ning (OTCMKTS:LNNGY) and Vera Bradley (NASDAQ:VRA)

  • Comparing Citi Trends (NASDAQ:CTRN) & Li Ning (OTCMKTS:LNNGY)

  • Critical Analysis: Li Ning (OTCMKTS:LNNGY) & MINISO Group (NYSE:MNSO)

  • Head-To-Head Analysis: Li Ning (OTCMKTS:LNNGY) vs. Victoria’s Secret & Co. (NYSE:VSCO)

  • Li Ning Company Limited (LNNGF) Q2 2025 Earnings Call Transcript

  • Li Ning: Watch Upcoming Earnings And New Partnership

  • Comparing MGO Global (NASDAQ:MGOL) and Li Ning (OTCMKTS:LNNGY)

  • Spring-Loaded Chinese Internet Stocks Build On Bullish Macro Data