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li ning co ltd (2331) Details

Li Ning Company Limited designs, develops, manufactures, sells, and distributes footwear, apparel, equipment, and accessories for professional and leisure purposes in the People's Republic of China. The company operates in three segments: LI-NING Brand, Double Happiness Brand, and All Other Brands. It provides sports products, including table tennis products under the Double Happiness brand name, outdoor sports products under the AIGLE brand name, and sports fashion products under the Lotto brand name, as well as badminton equipment under the Kason brand name. The company distributes Double Happiness products through wholesale and sporting goods stores. As of December 31, 2013, it operated 5,915 LI-NING brand conventional stores, flagship stores, factory outlets, and discount stores. The company was incorporated in 2004 and is headquartered in Beijing, the People’s Republic of China.

3,834 Employees
Last Reported Date: 08/27/14
Founded in 2004

li ning co ltd (2331) Top Compensated Officers

Founder, Executive Chairman, Head of Business...
Total Annual Compensation: CNY4.7M
Compensation as of Fiscal Year 2013.

li ning co ltd (2331) Key Developments

Li Ning Company Limited Announces Resignation of Zhang Zhi Yong as Non-Executive Director

The Board of Directors of Li Ning Company Limited announced that Mr. Zhang Zhi Yong has resigned as a non-executive director of the Company with effect from 6 October 2014 due to his personal and other business commitments. Mr. Zhang confirmed that he has no disagreement with the Board and there is nothing relating to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited or the shareholders of the company.

Li Ning Company Limited, H1 2014 Earnings Call, Aug 14, 2014

Li Ning Company Limited, H1 2014 Earnings Call, Aug 14, 2014

Li Ning Company Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Li Ning Company Limited announced unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported revenue of RMB 3,137,078,000 against RMB 2,905,908,000 a year ago. Operating loss was RMB 448,170,000 against RMB 38,616,000 a year ago. Loss before income tax was RMB 508,103,000 against RMB 129,172,000 a year ago. Loss attributable to equity holders of the company was RMB 585,774,000 or 41.63 cents per basic and diluted share against RMB 184,237,000 or 15.19 cents per basic and diluted share a year ago. Operating loss was RMB 448,170,000 against RMB 38,616,000 a year ago. Loss before interest, tax, depreciation and amortization (LBITDA) was RMB 350,570,000 against EBITDA of RMB 57,649,000 a year ago. Negative return on equity attributable to equity holders was 24.3% against 8.2% a year ago. The group's EBITDA, representing a year-on-year decrease of 708.1%, which was mainly attributable to the performance of LI-NING brand. The group's net cash outflow from operating activities amounted to RMB 319,249,000 against RMB 242,787,000 a year ago. Capital expenditure increased 26% or RMB 23 million to RMB 115 million, mainly resulted from addition of 193 direct retail stores during the first six months. The growth in LI-NING brand's revenue year-on-year was attributable to the strong recovery of new products, especially in core sports categories, since the second half of 2013 and their robust performance throughout the first half of 2014, as well as the group's continuous expansion of self-owned retail store network.


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