The earnings call presented a mix of positive and negative aspects. The company showed growth in revenue and strong performance in the footwear and accessories segments, particularly in e-commerce and professional running shoes. However, challenges were evident in the apparel and basketball categories, with declining gross profit and net margins. The company's strategic partnerships and strong cash position are positive indicators for future growth.

Company Guidance

During the call, Li Ning Company Limited provided several key financial and operational metrics for the first half of 2025. The company reported a revenue growth of 3.3%, reaching RMB 14.817 billion, with a net profit of RMB 1.737 billion and a net profit margin of 11.7%. The gross profit margin slightly decreased by 0.4 percentage points to 50%. The company maintained a healthy financial condition, with a net operating cash inflow of RMB 24.11 billion and an average working capital percentage of 7.3% relative to revenue. The Board of Directors proposed an interim dividend of RMB 0.3359 per share, maintaining a dividend payout ratio of 50%. Retail sales for the LI-NING main brand experienced low single-digit growth across all channels, while footwear revenue grew by 5% year-on-year, accounting for 56% of total revenue. In contrast, apparel revenue decreased by 3%, and accessories revenue increased by 24%, driven by the Badminton category, which grew by 38% and contributed 7% to the group's total revenue. Online sales outperformed offline sales, with e-commerce revenue rising by 1 percentage point to 31% of total revenue. The company also noted a slight decrease in direct retail revenue share to 23%, while wholesale revenue share increased by 1 percentage point to 46%. Despite a challenging market environment, Li Ning continued to focus on channel optimization and strategic investment in core product categories and brand development to drive long-term growth.

Revenue Growth

Revenue grew by 3.3% to RMB 14.817 billion, and net operating cash inflow stood at RMB 24.11 billion.

Footwear and Accessories Growth

Footwear revenue grew by 5% year-on-year, and accessories revenue increased by 24%, driven by the Badminton category.

E-commerce Performance

E-commerce revenue increased by 1 percentage point to 31% of total revenue, with retail sell-through achieving a high single-digit percentage increase.

Professional Running Shoes Success

Professional running shoes sales exceeded 14 million pairs, with the core running shoes surpassing 5.26 million pairs.

Strong Cash Position

Net cash increased by RMB 1.61 billion year-on-year to RMB 19.191 billion, ensuring strong support for future opportunities.

Strategic Partnerships

Signed a contract to become the official partner of the Chinese Olympic Committee and the Chinese national sports delegation from 2025 to 2028.

Li Ning Company (LNNGF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LNNGF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 12, 2026	2025 (Q4)	0.04 / -	0.057	―	―	―
Aug 21, 2025	2025 (Q2)	0.09 / 0.09	0.106	-10.99% (-0.01)		―
Mar 27, 2025	2024 (Q4)	0.06 / 0.06	0.057	-0.24% (>-0.01)		―
Aug 15, 2024	2024 (Q2)	0.09 / 0.11	0.112	-5.98% (>-0.01)
Mar 19, 2024	2023 (Q4)	0.07 / 0.06	0.101	-42.92% (-0.04)
Aug 11, 2023	2023 (Q2)	0.11 / 0.11	0.116	-3.25% (>-0.01)
Mar 16, 2023	2022 (Q4)	0.10 / 0.10	0.112	-10.00% (-0.01)
Aug 11, 2022	2022 (Q2)	0.11 / 0.12	0.109	6.41% (<+0.01)	―	―
Mar 17, 2022	2021 (Q4)	0.10 / 0.11	0.055	102.02% (+0.06)	―	―
Aug 12, 2021	2021 (Q2)	0.72 / 0.11	0.039	178.57% (+0.07)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LNNGF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 21, 2025	$2.35	$2.30	-2.13%
Mar 27, 2025	$2.02	$2.02	0.00%
Aug 15, 2024	$1.62	$1.62	0.00%
Mar 19, 2024	$2.45	$2.60	+6.12%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Li Ning Company Limited (LNNGF) report earnings?

Li Ning Company Limited (LNNGF) is schdueled to report earning on Mar 12, 2026, TBA (Confirmed).

What is Li Ning Company Limited (LNNGF) earnings time?

Li Ning Company Limited (LNNGF) earnings time is at Mar 12, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LNNGF EPS forecast?

LNNGF EPS forecast for the fiscal quarter 2025 (Q4) is 0.04.

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