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...
Aug 16, 2024
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,...
Jun 20, 2022
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...
Mar 17, 2022
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...
Mar 9, 2022
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...
Oct 1, 2019
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...
Mar 27, 2017
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...
Aug 19, 2015
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...
Mar 27, 2013