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Market Updates

Li Ning Company ADR gained 0.9% to $54.55 after the Chinese sportswear company reported increased sales in 2024.

Revenue jumped 3.9% to 28.67 billion yuan from 27.60 billion yuan, profit declined 5.5% to 3.01 billion yuan from 3.19 billion yuan, and diluted earnings per share dropped to 116.52 yuan from 122.66 yuan a year ago.

“In terms of marketing, LI-NING YOUNG carefully planned a series of offline youth activities and cross-border collaborations, focusing on popular sports including basketball, football, running, and outdoor activities to showcase the brand’s diverse appeal,” the company said in a release to investors.

The company paid an interim dividend of 37.75 cents per share for 2024, compared to 36.20 cents per share in 2023.

The company proposed a final dividend of 20.73 cents per share, compared to 18.54 cents per share in 2023, payable on June 27 to shareholders on record as of June 19.

After the final dividend, Li Ning paid a total of 1.51 billion yuan, up from 1.43 billion yuan a year earlier.


28 Mar, 2025

     

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