HK Stock Market Move | LI NING (02331) rises more than 4% again, full year net profit better than expected, institutions point out that profit margin performance has significant flexibility.

LI NING (02331) rose by over 4%, as of the time of writing, it rose by 4.12% to HK$22.76, with a turnover of HK$2.44 billion. In terms of news, LI NING previously disclosed its annual performance, with annual revenue of RMB 29.598 billion, an increase of 3.2% year-on-year; achieving a net profit attributable to the parent of RMB 2.936 billion. Pu Yin International pointed out that LI NING proposed at the performance meeting a full-year performance target for 2026 with high-single-digit revenue growth and high-single-digit net profit margin. Although LI NING's revenue growth target for 2026 faces challenges, it is reasonable; LI NING's profit margin performance has a high degree of elasticity and is expected to bring unexpectedly high profitability to the company. Shenwan Hongyuan Group released a research report stating that LI NING has controlled expenses properly, and profits exceed expectations. As a representative of national trend, the company sponsors the Chinese Olympic Committee to strengthen brand momentum: in the 26th year, it will expand its Dragon Ball and Gold Label series product layouts, with continuous high growth in running products over the past few years, currently the largest product category, in the 26th year, it will continue to improve the cushioning product matrix on the basis of the racing matrix.