Li Ning Company (HK:2331) has released an update.
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Li Ning Company Limited reported a 2.3% increase in revenue to RMB 14,345 million and a significant 40.6% rise in net operating cash inflow for the first half of 2024. Net profit for equity holders hit RMB 1,952 million, a healthy 13.6% margin, although retail sell-through on their platform saw a slight decline. The Board also declared an interim dividend of RMB 37.75 cents per share.
For further insights into HK:2331 stock, check out TipRanks’ Stock Analysis page.
