UBS: Li-Ning's first quarter sales meet expectations, management expects sales to accelerate in the second half of the year.

UBS released a research report stating that the retail sales of Li Ning brand adult series in the first quarter increased year-on-year in single digits, while overall retail sales increased year-on-year in double digits, in line with the bank's expectations. Among them, Li Ning YOUNG saw a year-on-year growth of more than 20%. The bank currently has a "buy" rating on Li Ning with a target price of 28.6 Hong Kong dollars.