Tag: LI NING

On March 28, Li-Ning released its 2024 financial results, reporting annual revenue of RMB 28.676 billion (USD 4 billion), up 3.9% year-on-year. Net profit declined 5.46% to RMB 3.013 billion (USD 421.8 million), while gross margin rose one percentage point to 49.4%. Analysts widely considered the results to be in line with expectations. Morgan Stanley