Li Ning Co Ltd
Li Ning Co Ltd is a Chinese sportswear and athletic footwear company that designs, markets, and distributes branded apparel, footwear, and accessories under the Li Ning brand, primarily in the Greater China region.
Business. Li Ning Co Ltd (2331.HK) is a consumer cyclicals company operating in the apparel and accessories industry. The firm generates revenue through the sale of products, with key performance indicators including organic revenue growth, comparable store sales, and gross margin. Li Ning is headquartered in China and is primarily listed on the Hong Kong Stock Exchange. Specific details regarding operating segments and geographic revenue mix are not provided in the available data.
Analyst recommendations
33 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Li Ning Co Ltd (2331.HK) is a consumer cyclicals company operating in the apparel and accessories industry. The firm generates revenue through the sale of products, with key performance indicators including organic revenue growth, comparable store sales, and gross margin. Li Ning is headquartered in China and is primarily listed on the Hong Kong Stock Exchange. Specific details regarding operating segments and geographic revenue mix are not provided in the available data.
Li Ning's capital structure is characterized by a lack of detailed liquidity metrics, as liquidity risk could not be assessed due to missing balance-sheet inputs and no going-concern language in source documents. The company has no dilutive shares outstanding, as basic and diluted shares are equal at 2.58 billion.
Profitability metrics are not available in the current valuation snapshot, and no industry-specific preferred metrics are provided for comparison. Without access to operating margins, ROIC, or EBITDA, it is not possible to assess Li Ning's returns relative to the Apparel & Accessories industry median.
The company's revenue is concentrated in the Greater China region, which is its primary market. No segment-level revenue breakdown is available in the input data, so geographic exposure cannot be quantified beyond this general observation.
Growth trajectory is not quantifiable due to the absence of historical revenue data and forward-looking guidance in the input. Analysts have provided a mean price target of 25.43 CNY and a median of 24.55 CNY, with 13 strong-buy and 14 buy ratings, but these do not translate directly into revenue growth expectations.
Risk factors include the inability to assess liquidity risk and the absence of detailed credit risk metrics. Dilution risk is currently low, as no dilutive instruments are outstanding. However, the lack of balance-sheet data limits the ability to evaluate creditworthiness or capital structure resilience.
Recent events include analyst activity, with 32 total ratings (13 strong buy, 14 buy, 5 hold) and a wide range of price targets from 18.00 to 48.00 CNY. No recent filings or transcripts are available in the input data to provide additional context on strategic or operational developments.
- Li Ning's capital structure lacks detailed liquidity metrics, and no dilutive shares are outstanding.
- Profitability and returns data are not available for comparison to industry benchmarks.
- Revenue is concentrated in the Greater China region, with no segment-level breakdown provided.
- Analysts are generally optimistic, with a mean price target of 25.43 CNY and a median of 24.55 CNY.
- Risk assessment is limited due to missing balance-sheet data and no going-concern language in source documents.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Revenue ¥29.60B, +3,2% YoY; Operating income +6,0% YoY.
- ▍Revenue ¥29.60B, +3,2% YoY
- ▍Operating income +6,0% YoY
- ▍Net income −2,6% YoY
- ▍Free cash flow −16,9% YoY
- ▍Net margin 9.9%
Revenue ¥28.68B, +3,9% YoY; Operating income +3,4% YoY.
- ▍Revenue ¥28.68B, +3,9% YoY
- ▍Operating income +3,4% YoY
- ▍Net income −5,5% YoY
- ▍Free cash flow +122,0% YoY
- ▍Net margin 10.5%
Revenue ¥27.60B, +7,0% YoY; Operating income −27,2% YoY.
- ▍Revenue ¥27.60B, +7,0% YoY
- ▍Operating income −27,2% YoY
- ▍Net income −21,6% YoY
- ▍Free cash flow −61,4% YoY
- ▍Net margin 11.5%
Revenue ¥25.80B, +14,3% YoY; Operating income −4,9% YoY.
- ▍Revenue ¥25.80B, +14,3% YoY
- ▍Operating income −4,9% YoY
- ▍Net income +1,3% YoY
- ▍Free cash flow −23,0% YoY
- ▍Net margin 15.7%
Revenue ¥22.57B; Operating income ¥5.14B.
- ▍Revenue ¥22.57B
- ▍Operating income ¥5.14B
- ▍Net margin 17.8%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 1,19 |
| Revenue | —no estimate | —no estimate | 31,8B CNY |
| Operating income | —no estimate | —no estimate | 3,9B CNY |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
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- Market data
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- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Li Ning Co Ltd Market data — financials · 2026-05-26
- Li Ning Co Ltd Market data — analyst estimates · 2026-05-26
- Li Ning Co Ltd Market data — ESG · 2026-05-26
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$0M