Li Ning H1 Profit Rises 4.53% to RMB 1.816 Billion; Interim Dividend 35.12 Fen
Li Ning Co. reported a 4.53% year-on-year increase in profit attributable to shareholders to RMB 1.816 billion for the six months ended June 30. Revenue grew 2.82% to RMB 15.235 billion, while gross margin expanded 0.9 percentage points to 50.9%. The company declared an interim dividend of 35.12 fen per share. Retail sell-through rose low single digits, with new-product retail sales accounting for 83% of total offline sales. Inventory-to-sales ratio stood at four months, maintaining healthy levels.
Li Ning Co. announced its interim results for the six months ended June 30. Profit attributable to shareholders reached RMB 1.816 billion, up 4.53% year-on-year. Basic earnings per share were 70.4 fen, with an interim dividend of 35.12 fen per share declared. Revenue for the period was RMB 15.235 billion, an increase of 2.82% year-on-year. Gross margin improved by 0.9 percentage points to 50.9%.
The company said overall retail sell-through grew at a low single-digit rate year-on-year. New-product retail sales accounted for 83% of total offline retail sales, maintaining a healthy and reasonable mix. The channel inventory-to-sales ratio was four months, with inventory levels and aging structure kept at healthy levels.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is positive for Sporting Goods, with intensity 30/100 and 70% confidence over a short term horizon.
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