Li Ning news and archive

Lin Ning posts 2.3 percent H1 revenue growth

In the first half of 2024, Li Ning’s revenue amounted to 14,345 million Chinese yuan, an increase of 2.3 percent. Gross profit for the period increased by 5.8 percent to 7,236 million Chinese yuan and the overall gross profit margin was 50.4 percent, up 1.6 percentage points compared to the corresponding period of last year. The company’s basic...

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Fashion

Yu Prize names Ponder.er as 2022 winners

Hong Kong-based gender-inclusive label Ponder.er, founded by Derek Cheng and Alex Po, has been named the winner of this year’s Yu Prize x Li-Ning Grand Award, an accolade launched last year to support emerging Chinese designers. The duo beat off competition from nine other emerging designer labels to win a 1 million renminbi cash prize,...

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Fashion

Chinese sportswear brand Li-Ning has products seized at US port after sanctions

Chinese sportswear brand Li-Ning Sporting Goods has found itself in political crossfires after a shipment of sneakers was seized at a US port. Some of Li-Ning’s products are made in North Korea and sanctions levied via Countering America’s Adversaries Through Sanctions Act (CAATSA) resulted in US border control prohibiting the entry of goods...

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Fashion

Yu Prize announces 2022 finalists

The annual Yu Prize, which supports emerging Chinese designers, has shortlisted 10 finalists for its 2022 edition from the 20 semi-finalists announced earlier this year. The designers in with a chance of developing a capsule collection with sportswear brand Li-Ning are Alienant by Yuchen Han; Chan Chit Lo; Didu; Louis Shengtao Chen; Marrknull by...

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Fashion

China’s fashion journey from manufacturer to emerging designer

BACKGROUND Chinese apparel manufacturers are turning into fashion labels, feverishly working on their original designs. At the same time, a slowdown in growth in the world's second largest retail market makes international expansion increasingly likely to pay off. So what would a Chinese brand with global appeal look like? “Let’s speak about...

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Management

Li Ning FY16 sales jump 13 percent

In 2016, the Li Ning company’s revenue reached 8,015 million Chinese yuan (1,166 million dollars), up 13 percent from 2015. The company’s gross profit rose 16 percent to 3,705 million Chinese yuan (539 million dollars), against 3,193 million Chinese yuan (464 million dollars) in 2015. Commenting on the last year’s trading, Li Ning, Founder and...

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Business|ANALYSIS

Li-Ning’ H115 results throw some light upon troubled China’s retailers

Years of restructuring are finally paying off for Chinese sportswear maker Li Ning Co Ltd, as the second world’s largest economy’s retailer posted a narrower first-half loss and said it aims to return to profit by the end of 2015. "The company will continuously improve its operating efficiency, step up its control over operating costs and...

Fashion

Li Ning losses higher than expected

Chinese athletic company Li Ning announced its annual results for year that ended on 31st December 2012 on Tuesday. For the first time since 2004, the company reported a loss of almost 2 billion yuan (212 million pounds). Revenue for the full year fell year-on-year by 24.5 percent to 6.739 billion yuan (716 million pounds) and gross profits...