Li Ning 2331

Re: Li Ning 2331

Postby winston » Sun Aug 13, 2017 4:54 am

not vested

Li Ning’s first-half profit rises 67pc to US$28.4m, beating forecasts

Sportswear company founded by China’s former Olympic gymnast aims to close more than 200 stores by the end of the year

Net income rose to 189.2 million yuan (US$28.4 million), or 0.793 yuan per share, in the first six months, helped by an 11 per cent increase in sales to 3.996 billion yuan.


Gross profit margin improved one percentage point to 47.7 per cent during the period, the company said.


Source: SCMP

http://www.scmp.com/business/companies/ ... -forecasts
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Re: Li Ning 2331

Postby winston » Thu Dec 12, 2019 3:44 pm

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LI NING(2331)

Analysis:

Li Ning announced the operating situation and ordering situation in the third quarter of 2019.

19Q3 Li Ning's overall income increased by 30% -40%, and the performance slightly exceeded expectations.

In terms of channel, in 19Q3 Li Ning's offline channels achieved 20% -30% growth, with solid growth.

Among them, the retail channel achieved 10% -20% growth; the wholesale channel achieved 30% -40% growth.

Online e-commerce channels achieved 50% -60% growth, with the growth rate accelerating, slightly exceeding expectations.

From the number of stores: As of 19Q3, Li Ning (excluding Li Ning YOUNG) has a total of 6,564 stores, 220 stores net openings compared with the the beginning of the year, of which 142 opened in the third quarter alone.

From the same-store sales: In 19Q3, the company's all platforms same-store growth rate achieved 10% -20% growth; of which the retail channel and wholesale channel same-store growth rate both increased 10% -20%;

Online e-commerce same-store growth achieved 50% -60 %increase.

The company's same-store growth rate continued to grow rapidly.

From the perspective of the trade fair in the second quarter of 2020, the company achieved a growth of 10% -20%, maintaining sustained and steady growth.

Strategy:
Buy-in Price: $24.10, Target Price: $26.55, Cut Loss Price: $21.75

Source: Phillips
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Re: Li Ning 2331

Postby behappyalways » Thu Oct 20, 2022 4:01 pm

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https://m.youtube.com/watch?v=Nbs-v_Ooj8U
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Re: Li Ning 2331

Postby winston » Thu Oct 26, 2023 9:38 am

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LI NING 3Q SSS Decline by Mid-single-digit YoY; Retail Sell-through Up by Mid-single-digit

LI NING (02331.HK) announced that for 3Q ended 30 September 2023, the retail sell-through of LI-NING POS (exclude LI-NING YOUNG) for the overall platform increased by mid-single-digit on a YoY basis.

In terms of channels, offline channel, including retail and wholesale, registered a high-single-digit growth, with retail (direct operation) channel increased by low-twenties and wholesale (franchised distributors) channel increased by low-single-digit.

The e-commerce virtual stores business, however, registered a low-single-digit decline.

For the quarter, the same-store sales (SSS) of LI-NING points of sale (POS), excluding LI-NING YOUNG, that have been in operation since the beginning of 3Q22 registered a mid-single-digit decline over the whole platform on a YoY basis.

In terms of channels, retail channel registered a mid-single-digit increase and wholesale channel registered a low-teens decline; while the e-commerce virtual stores business registered a low-single-digit decline on a YoY basis.

Related News: Citi Trims LI NING (02331.HK) TP to $45.1, Top Pick TOPSPORTS (06110.HK)

As at 30 September 2023, the total number of LI-NING POS (excluding LI-NING YOUNG) in China amounted to 6,294, representing a net increase of 127 since the end of previous quarter and a net decrease of 1 POS since the beginning of this year.

Among the net decrease of 1 POS, direct retail accounts for a net increase of 57 POS, and wholesale accounts for a net decrease of 58 POS.

The total number of LI-NING YOUNG POS in China amounted to 1,370, representing a net increase of 89 POS since the end of previous quarter and a net increase of 62 POS since the beginning of this year.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news
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Re: Li Ning 2331

Postby winston » Thu Oct 26, 2023 9:49 am

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Li Ning (2331 HK)
Cut Full-year Revenue Guidance To Single-digit % Growth; Key Priority Is Distributor Control


Li Ning’s disappointing 3Q23 business operations can be attributed to distributors’ cross-region and channel sales.

Management cut the company’s full-year revenue guidance to single-digit % yoy growth (vs mid-teens % previously), and implied that margins should be under pressure.

We think the company will take a long time to strengthen its control on distributors.

We cut target price by 10% to HK$48.80. Maintain BUY on its cheap valuation.

Source: UOBKH

https://research.uobkayhian.com/content ... 5fbcbfc3e5
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Re: Li Ning 2331

Postby winston » Thu Oct 26, 2023 11:03 am

Financial Highlights

Net Cash: RMB19b

http://ir.lining.com/en/ir/highlights.php
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