Li Ning (02331.HK): E-commerce virtual store business achieved high single-digit growth in Q3

Zhitong Finance APP News, Li Ning (02331.HK) announced that for the third quarter ended September 30, 2026, retail sell-through for Li Ning sales points (excluding Li Ning YOUNG) across the entire platform recorded a low-single-digit year-on-year decline. By channel, offline channels (including retail and wholesale) recorded a mid-single-digit decline, of which the retail (directly operated) channel was flat, and the wholesale (franchised dealer) channel recorded a mid-single-digit decline; the e-commerce virtual store business recorded high-single-digit growth.