Li Ning is still deserving of a Hold rating based on my preview of its H2 2024 results and the evaluation of its recent sponsorship deal. The company's expected growth in revenue and earnings for H2 2024 should be modest, which points to a lack of catalysts in the near future. LNNGY will be China's new Olympics sportswear sponsor, and this is a favorable mid-term development.
| Textiles, Apparel & Luxury Goods Industry | Consumer Discretionary Sector | Ning Li CEO | OTC PINK Exchange | 52989T102 CUSIP |
| CN Country | 5,152 Employees | 16 Jun 2026 Last Dividend | 14 Jan 2015 Last Split | - IPO Date |
Li Ning Company Limited, founded in 1990 and headquartered in Beijing, the People's Republic of China, is a prominent player in the sporting goods industry. The company is engaged in the research and development, design, manufacture, marketing, distribution, and retail of a wide range of sporting goods. Serving both professional athletes and leisure enthusiasts, Li Ning focuses on delivering quality sporting products across the People's Republic of China through various retail formats, including conventional stores, flagship stores, China LI-NING stores, factory outlets, and multi-brand stores. The brand repertoire under Li Ning Company Limited extends beyond its primary LI-NING brand, encompassing a diverse range of products catering to outdoor sports, table tennis, fitness, and badminton through its other brand offerings.