According to the Zhitong Finance App, Li Ning (02331) announced the 2019 interim results. The group's revenue for the period was RMB 6,254.7 billion (same unit level), an increase of 33% over the previous year. Gross profit was $3.108 billion, up 35.5% year on year. Net profit attributable to equity holders was $795 million, an increase of 196% over the previous year. The basic profit per share is 32.88 points, with no dividends.

According to the announcement, by effectively integrating Chinese elements with its own “sports genes” during the period, Li Ning's brand recognition increased markedly, and revenue growth from all channels was high.

The overall retail flow (including online and offline) increased by a low range of 20%-30% during the period. The channel stock sales ratio continued to improve, and overall same-store sales recorded a mid-range increase of 10%-20% in the first half of 2019. The offline retail flow of new products increased by 10% to 20% in the middle, the gross margin improved, the discount rate for new products improved by more than 1 percentage point, and the sell-out rate increased by more than 2 percentage points. Operating cash flow increased 107% to $1,366 billion.

As of June 30, 2019, the number of Li Ning sales outlets in China (excluding Li Ning YOUNG) totaled 6422, a net increase of 112 over the end of the previous quarter, and a net increase of 78 so far this year. Of the 78 sales points that increased net, the retail business had a net decrease of 127, and the wholesale business had a net increase of 205. As of June 30, 2019, the total number of Li Ning YOUNG sales outlets in China was 872, a net increase of 57 over the end of the previous quarter, and a net increase of 79 so far this year.