Citigroup released a research report stating that it has initiated a 30-day positive observation on Li Ning (02331) and pointed out that the company is still the industry's first choice. The company will propose to adopt the 2024 stock purchase plan and 2024 stock incentive plan at the temporary shareholders' meeting and believe it can be passed. The bank believes that the incentive plan aims to keep the interests of management and shareholders consistent. It is expected that its newly launched products and continuous research and development investment will further enhance investors' confidence in its profit recovery from the second half of this year to next year.