Li Ning's 2024 Profit Slides About 6%; Shares Rise 3%

MT Newswires Live

2025/03/28

Li Ning's (HKG:2331) attributable profit fell 5.5% to 3.01 billion yuan in 2024 from 3.19 billion yuan in 2023, according to a Friday filing with the Hong Kong bourse.

Earnings per share at the sports apparel maker decreased to 1.1652 yuan from 1.2266 yuan a year earlier. Analysts at Visible Alpha estimated EPS at 1.19 yuan.

Revenue grew 3.9% to 28.7 billion yuan from 27.6 billion yuan in the previous year. Visible Alpha analysts forecast revenue at 28.2 billion yuan.

The company declared a final dividend of 0.2073 yuan per share, payable June 27 to shareholders on record as of June 19.

Shares jumped 3% during Friday's late-morning trading.

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Visible Alpha analysts forecast revenue at 28.2 billion yuan.</p><p>The company declared a final dividend of 0.2073 yuan per share, payable June 27 to shareholders on record as of June 19.</p><p>Shares jumped 3% during Friday's late-morning trading.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1048588211.SGD","symbol_name":"Blackrock Asian Dragon A2 SGD-H","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2522599242","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522599242","pubTimestamp":1743136374,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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