NEWS BRIEF: Li Ning’s first-half revenue rises, profit falls
2331.HK
Sportswear manufacturer and retailer Li Ning Co. Ltd. (2331.HK) reported its revenue rose 2.3% year-on-year to 14.35 billion yuan ($2 billion) in the first half of the year. Its profit fell nearly 8% to 1.95 billion yuan, while its gross margin rose by 1.6 percentage points to 50.4%.
The company’s Li-Ning sales points totaled 6,239 by the end of June, down by one from the start of the year. Its Li-Ning Young sales points totaled 1,438, up by 10 over the same period. The company’s overall platform experienced a low-single-digit decline in retail sell-through, including online and offline channels.
By Lau Chi Hang
To subscribe to Bamboo Works weekly free newsletter, click here
Related Articles
BRIEF: Autohome’s profit dips slightly in third quarter
2518.HK
ATHM.US
BRIEF: BYD car sales fall 12% year-on-year in October
1211.HK
002594.SHE
BRIEF: Haier Smart Home profit climbs 13% in third quarter
6690.HK
600690.SHG
BRIEF: Shandong Gold’s profit surges 91% in first three quarters
1787.HK
600547.SHG
BRIEF: Midea Group posts rising profit and revenue in third quarter
0300.HK
000333.SHE
