China's Li Ning hits 10-1/2-month high as H1 revenue climbs

Li Ning

22/08/2025 03:50

** Shares of China's home grown sportswear group Li Ning Co 2331.HK jump 9.1% to HK$19.75, their highest since Oct. 8, 2024

** Stock on course to snap two sessions of decline

** Stock set for the biggest one-day pct gain since Sept. 26, 2024, if gains hold; top pct gainer on Hang Seng Commerce & Industry Index .HSNC

** Li Ning said its H1 revenue rose 3.3% y/y, gross profit up 2.5% y/y, while net profit down 11% y/y

** Citi, with "Buy" rating, says Li Ning's growth of 1H25 EBIT was above expectation, given lower-than-expected selling expenses, while footwear sales' 5% y/y growth will ease market's concerns on its key footwear franchises

** Hang Seng Consumption Index .HSCGSI slips 0.1%, while benchmark Hang Seng Index .HSI gains 0.3%

** YTD, stock up 18%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))