Li Ning Company Limited Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2016
March 22, 2017 at 06:07 pm EDT
Share
Li Ning Company Limited reported audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported revenue of RMB 8,015,293,000 compared to RMB 7,089,495,000 a year ago. Operating profit was RMB 385,805,000 compared to RMB 157,069,000 a year ago. Profit before income tax was RMB 287,946,000 compared to RMB 30,814,000 a year ago. Profit attributable to equity holders of the company was RMB 643,254,000 or 28.95 cents per diluted share compared to RMB 14,309,000 or 0.66 cents per diluted share a year ago. Cash flows from operating activities were RMB 159,489,000 compared to RMB 137,939,000 a year ago. Return on equity attributable to equity holders was 17.9% compared to 0.6% a year ago. For the year ended 31 December 2016, the group's EBITDA amounted to RMB 713,147,000 compared to RMB 393,953,000 in 2015, representing a year-on-year increase of 81.0%. This was mainly attributable to the improved performance of LI-NING brand.
Li Ning Company Limited is specialized in designing, manufacturing and marketing clothing, shoes and sports equipment. The group offers products under its own brand (LI-NING) and licensed brands (Double Happiness, AIGLE, Danskin, Kason and Lotto). Net sales are divided by activity as follows:
- clothing (52.4%): T-shirts, polo shirts, sweatshirts, shorts, tracksuits, sports jerseys etc.;
- shoes (42.1%): basketball shoes, badminton shoes, running shoes, walking shoes etc.;
- equipment and accessories (5.5%): in particular, caps, socks and badminton rackets.
Products are marketed primarily by franchised distributors (48.1% of net sales), via Internet (28.4%) and through direct sales (17.8%).
At the end of 2021, Li Ning Company Limited had 7,137 stores (of which 4,770 franchised) located in China.
98.7% of net sales are generated in China.
LI NING COMPANY LIMITED 
