Li Ning Reports Steady Growth and Healthy Financials for 2024

Li Ning Company ( (HK:2331) ) has provided an announcement.

Li Ning Company Limited reported steady financial growth for the year ending December 31, 2024, with a 3.9% increase in revenue to RMB28,676 million and a gross profit margin improvement to 49.4%. The company saw a 12.4% rise in net operating cash inflow, reaching RMB5,268 million, and maintained a healthy working capital level. The board recommended a final dividend payment, contributing to a total dividend payout ratio of 50%. Operationally, the company’s retail sell-through remained flat, with a high-single-digit increase in channel inventory, while offline new product sell-through accounted for 85% of overall offline sales.

More about Li Ning Company

Li Ning Company Limited is a leading sportswear and athletic apparel company based in China. The company specializes in designing, manufacturing, and retailing a wide range of sports products, including footwear, apparel, equipment, and accessories, catering primarily to the Chinese market.

YTD Price Performance: 1.49%

Average Trading Volume: 808

Technical Sentiment Signal: Strong Buy

Current Market Cap: $5.7B

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