HK Stock Market Move | After the performance, LI NING (02331) opened nearly 8% higher. Revenue increased by 3.2% to 29.598 billion over the 25 years. The company continues to expand its brand influence.

Li-Ning (02331) opened nearly 8% higher after the performance results, and as of publication, it was up 7.85% at HK$21.3 with a trading volume of HK$1351.49 million. On the news front, on March 19, Li-Ning announced the audited comprehensive performance results for the year ended December 31, 2025. The Group's revenue reached RMB 29.598 billion in 2025, an increase of 3.2% compared to the same period in 2024. Gross profit was RMB 14.489 billion, up 2.4% from the same period in 2024, with the Group's overall gross profit margin at 49.0%. The net profit attributable to equity shareholders for the year was RMB 2.936 billion, with a net profit margin of 9.9% and a return on equity of 10.9%. Basic earnings per share were RMB 1.1391. The Group continues to focus on its six core categories of running, basketball, training, badminton, table tennis, and sports casual, and seizes opportunities in emerging areas such as outdoor, tennis, and pickleball. Throughout the year, the Group has continued to enhance its products through technological innovation, increase resources in professional sports, and conduct multi-dimensional marketing activities to enhance brand recognition and expand its influence. It is worth mentioning that during the year, Li-Ning opened the world's first "Dragon Store" and launched the "Glory Gold Label" series of products, transforming top scarce sports resources into brand reputation and market recognition. This continuous effort strengthens consumer perception of Li-Ning's professional capabilities and product reliability.