Li Ning (HKG:2331) First Half 2024 Results
Key financial results
- Sales: CN¥14.3 billion (up 2.3% compared to H1 2023).
- Net income: CN¥1.95 billion (8.0% less than in H1 2023).
- Profit margin: 14% (compared to 15% in H1 2023). The margin decline is due to higher expenses.
- Earnings per share: CN¥0.76 (compared to CN¥0.81 in H1 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Li Ning Profit Insights
An average sales growth of 7.0% per annum is expected for the next three years. In contrast, growth of 9.8% is forecast for the luxury sector in Hong Kong.
Performance of Luxury industry in Hong Kong.
The company’s shares fell 7.9% compared to the previous week.
Balance sheet analysis
Just as investors need to consider earnings, it is also important to consider the strength of a company’s balance sheet. See our latest analysis on Li Ning’s balance sheet health.
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