Li Ning Limited announced its interim results for the six months ended June 30, 2024, with a revenue of RMB 14.345 billion, up 2.3% year-on-year; gross margin rose to 50.4%, and net profit margin was 13.6%. Operating cash inflow increased by 40.6% to RMB 2.73 billion. The company declared an interim dividend of RMB 0.3775 per share. During the period, overall retail sales saw a low single-digit decline, while channel inventory rose by a mid single-digit. Li Ning completed the acquisition of Vansittart Investment Limited, the sole legal and beneficial owner of a Hong Kong property, for HKD 2.221 billion on January 28, 2024. In addition, the company actively invests in new product categories and future businesses, including international business expansion, as well as investment in restructuring infrastructure and improving the supply chain system. Li Ning continues to strengthen its sports genes, promote product innovation, and enhance brand influence through global marketing.

Li Ning Limited announced its interim results for the six months ended June 30, 2024, with a revenue of RMB 14.345 billion, up 2.3% year-on-year; gross margin rose to 50.4%, and net profit margin was 13.6%. Operating cash inflow increased by 40.6% to RMB 2.73 billion. The company declared an interim dividend of RMB 0.3775 per share. During the period, overall retail sales saw a low single-digit decline, while channel inventory rose by a mid single-digit. Li Ning completed the acquisition of Vansittart Investment Limited, the sole legal and beneficial owner of a Hong Kong property, for HKD 2.221 billion on January 28, 2024. In addition, the company actively invests in new product categories and future businesses, including international business expansion, as well as investment in restructuring infrastructure and improving the supply chain system. Li Ning continues to strengthen its sports genes, promote product innovation, and enhance brand influence through global marketing.