LI NING (02331) announced its interim results, with net profit attributable to equity holders reaching 1.816 billion yuan, an increase of 4.53% year-on-year.

LI NING (02331) announced its mid-year results for 2026, with revenue rising by 2.8% to 15.235 billion yuan, a gross profit margin increase of 0.9 percentage points to 50.9%, and a net profit attributable to equity holders of 1.816 billion yuan, a year-on-year growth of 4.53%. The basic earnings per share were 70.40 cents, with an interim dividend of 35.12 cents per share. In the first half of 2026, the Group has focused on key areas such as channel development, retail operations, supply chain, and logistics, continuously promoting the deepening of the omnichannel layout and optimizing operational efficiency, further solidifying its business foundation and enhancing market competitiveness. During the period, the licensed dealer channel performed steadily, with revenue increasing by 1.7% year-on-year. The Group has increased its investment in online channel promotions, experimenting with various new retail channels, which led to a 5.1% year-on-year effective increase in e-commerce channel revenue. Despite the challenging retail promotional environment, the Group continued to improve its membership system and enhance the consumer experience, leading to a 4.2% year-on-year growth in revenue from its offline direct-operated stores that face consumers directly. In the first half of 2026, the Group focused on six core categories: running, basketball, comprehensive training, badminton, table tennis, and sports leisure, while actively expanding into emerging segments such as outdoor sports, tennis, and pickleball. Leveraging self-developed technology iterations and ongoing investment in global professional events and star resources, the Group aims to strengthen its expertise in sports, shape a sports fashion aesthetic, and uphold the core values of Eastern culture. Through diverse and comprehensive marketing activities, it seeks to enhance its differentiated brand advantages, promote brand recognition and affinity, and continually elevate its brand influence.