The Times
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Li Ning Company Limited Announces 2026 Interim Results

Firmly Implementing the "Single Brand, Multi-categories, Diversified Channels" Strategy; Super BOOM Capsule Technology Achieves Full Commercialization; Deepens Global Professional Sports Resources Together with Curry

FINANCIAL HIGHLIGHTS

  • In the first half of the year, the Group recorded the following operating results:
    • Revenue rose by 2.8% to RMB15,235 million; gross profit margin increased by 0.9 percentage points to 50.9%
    • Net operating cash inflow was RMB954 million
    • Net profit attributable to equity holders was RMB1,816 million with net profit margin of 11.9%, and EBITDA margin was 22.1%
  • Working capital remained at a healthy level:
    • The percentage of gross average working capital to revenue was 7.8%
    • The cash conversion cycle was 35 days, an increase of 4 days compared with the same period last year
  • The Board resolved to declare an interim dividend of RMB35.12 cents per ordinary share of the Company issued or to be issued upon conversion of convertible securities for the six months ended 30 June 2026.

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