[Brokerage Focus] Jianyin International maintains a neutral rating for LI NING (02331) as sales uncertainties overshadow the company's outlook.
Golden Wealth News | Jianyin International Research indicates that LI NING (02331) retail sales in the first quarter of 2025 experienced a slight year-on-year increase, with a growth rate in the low single digits (LSD), which is generally in line with the bank's and the market's expectations. By channel type, offline channels recorded low single-digit growth, while direct sales retail store sales fell in low single digits, franchise store sales increased in low single digits, and online channels recorded low double-digit growth. The company net closed 29 LI NING stores and 15 LI NING youth stores in the first quarter of 2025, indicating potential improvements in store efficiency in the future. The bank noted that LI NING's sales in the first quarter of 2025.
LI NING (02331) released the 2024 ESG report: driving a green and sustainable future through innovation.
On April 29, 2025, LI NING Company (02331) officially released the "2024 Environmental, Social, and Governance (ESG) Report."
Nomura Adjusts Li Ning's Price Target to HK$16.20 From HK$17.40, Keeps at Neutral
ANNUAL REPORT 2024
DBS Remains a Buy on Li Ning Company (LNNGF)
Li Ning's Sales, Profitability Face Headwinds Ahead -- Market Talk
Li Ning's Points of Sale Decline in China in Q1
CICC: Maintain LI NING (02331) outperforming Industry rating with a Target Price of HKD 20.82.
The management maintains the guidance that the 2025 revenue will be flat year-on-year, with a net income margin in the high single digits.
Li Ning Reports Modest Growth in Q1 2025 Amid POS Adjustments
【Brokerage Focus】Huachuang Securities maintains a "Strong Buy" rating on LI NING (02331), expecting the brand's influence to continue to improve.
Jinwu Financial News | Huachuang Securities Research Reports indicate that LI NING (02331) is expected to achieve revenue of 28.68 billion yuan in 2024, a year-on-year increase of 3.9%; the net income attributable to shareholders will be 3.01 billion yuan, a year-on-year decrease of 5.5%, corresponding to a net margin of 10.5%. At the same time, the company will distribute a final dividend of 20.73 cents per share, along with an interim dividend, resulting in a total annual dividend of 58.48 cents per share, with a payout ratio of 50%, an increase of 5 percentage points year-on-year. The report states that on the product side, the company adheres to a strategy of a single brand, multiple categories, and multiple channels, with the product matrix width increasing by 30%-40% and the depth decreasing.
LI NING (02331.HK) was allotted an additional 0.521 million shares by FIL Limited.
Gelonghui, April 23 | According to the latest equity disclosure information from the Stock Exchange, on April 15, 2025, LI NING (02331.HK) was increased by FIL Limited by 0.521 million shares at an average price of HKD 15.3547 per share, involving approximately HKD 8 million. After the shareholding increase, FIL Limited's latest shareholding number is 129,449,984 shares, and the shareholding ratio has risen from 4.99% to 5.01%.
LI NING (02331) creates a special event for Earth Day to showcase the achievements of its Eco-friendly Concept product advancement across the entire supply chain.
On April 20, 2025, in anticipation of Earth Day, the Chinese sports brand LI NING (02331) launched a limited-time pop-up called LI NING Nature Space in Chengdu Chunxi Road Silver Stone Square, officially starting LI NING's Earth Day special event "Every step forward makes the world a better place."
Zhitong Hong Kong Stock Short Selling Statistics | April 18
HK Stock Short Selling Statistics | April 18
The market continues to rebound with reduced volume, continuously monitoring the rotational opportunities between the CSI Consumer 360 index and self-control.
Track the entire lifecycle of the main Sector.
The new generation Siasun Robot&Automation all-femtosecond technology was unveiled at the Consumer Expo. ZEISS China LI NING: Laser scanning reduced to 10 seconds.
Sina Technology reported on the evening of April 14 that the new generation robot all-laser VISUMAX 800 and new minimally invasive SMILE pro technology from ZEISS China made their appearance at the Fifth Consumer Expo. LI NING, head of refractive Business at ZEISS China, told Sina Technology, "In the first generation all-laser procedure, the laser scanning time was 24 seconds, whereas the new generation robot all-laser reduces this time to just 10 seconds, allowing for corneal lenses to be made in 10 seconds, significantly improving surgical efficiency." He mentioned that while the reduction from 24 seconds to 10 seconds seems small, it represents approximately 2.5 times more laser time for such precise operations as myopic surgery.
Hong Kong stock concept tracking | USA's tariff policy may heavily damage Asia's Outfits and textile industry, with Orders gradually concentrating on leading enterprises overseas (including concept stocks).
The textile and Outfits Industry will accelerate clearing out, and Orders will gradually concentrate on leading enterprises with overseas layouts.
【Brokerage Focus】BOCOM INTL: Overall demand in the Consumer Industry remains stable amidst disruptions in tariff policies.
Golden Wealth News | BOCOM INTL's Research Reports indicate that under the disturbance of tariff policies, the overall demand in the Consumer industry remains stable, but some sectors need to pay attention to the impact of tariffs. Most companies covered by the bank do not rely on exports to the USA, and the main raw materials for the Dairy Product (such as Mengniu and Yili), beer (such as CHINA RES BEER and Budweiser), and Sporting Goods (such as Anta and LI NING) industries are sourced domestically, with their main operational markets being China and Asia. The Personal Care industry, represented by Hengan, while being a leader in the industry and using imported high-quality wood pulp as raw material, primarily imports from the Americas. Therefore, most companies are less affected by tariff policies, but the family...
【Brokerage Focus】 Changjiang Securities maintains a "Buy" rating for LI NING (02331). In the short term, the effectiveness of marketing related to the Olympics still needs to be observed.
Jingwu Financial News | Changjiang Securities Research report states that LI NING (02331) expects revenue of 28.68 billion yuan in 2024, an increase of 3.9% year-on-year, with Net income of 3.01 billion yuan, down 5.5% year-on-year, overall meeting the upper end of expectations. Considering the impairment of newly added investment Real Estate of 0.33 billion yuan, the performance exceeds expectations when adjusted. The report indicates that in the short term, revenue is expected to grow for large orders, but the divestment of LI NING's overseas Business, which accounts for 2%, has caused a drag. The gross margin side needs further validation of the trend in discount improvement; based on Q1 trends, a slight improvement is expected. It is anticipated that in 2025, performance will primarily be affected by cost expenditures due to the company's signing of the Olympic contract.
Hong Kong stocks movement | Sporting Goods stocks broadly rise, XTEP INT'L (01368) surges over 6%, ANTA SPORTS (02020) rises nearly 5%.
The stocks of Sporting Goods have generally risen. As of the time of reporting, XTEP INT'L (01368) increased by 6.22%, trading at 4.95 HKD; ANTA SPORTS (02020) rose by 4.74%, trading at 80.7 HKD; POU SHENG INT'L (03813) went up by 3.09%, trading at 0.5 HKD.
[Brokerage Focus] CITIC SEC: Tariff disruptions will further accelerate the elimination of small and medium capacities in the Industry, leading brand OEMs are expected to continue increasing their market share in the long term.
Jin Wu Financial News | CITIC SEC stated that although the textile and apparel industry has long been one of the focus areas of trade frictions, the intensity and scope of this round of "equivalent tariffs" plans exceeded market expectations, leading to a concentrated decline in the stock prices of upstream OEMs and downstream brand companies recently. Amid the ongoing uncertainty brought by subsequent tariff plans, the bank suggests paying attention to the following factors: ① For manufacturing companies, the proportion of revenue from the USA, the distribution of production capacity among various companies, and whether subsequent tariffs will be distributed as core variables; in extreme cases, the maximum impact on profitability may be close to the proportion of revenue from the USA; ② For brand companies, the high or low proportion of revenue from the USA and the brand's positioning itself.