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li ning co ltd (2331) Details

Li Ning Company Limited develops, designs, manufactures, sells, and distributes sport-related footwear, apparel, equipment, and accessories for professional and leisure purposes in the People’s Republic of China. It operates in three segments: LI-NING Brand, Double Happiness Brand, and All Other Brands. The company offers its table tennis products under the Double Happiness brand name, outdoor sports products under the AIGLE brand name, and sports fashion products under the Lotto brand name, as well as badminton equipment under the Kason brand name. Its Double Happiness products are distributed through wholesale and sporting goods stores. As of December 31, 2014, the company operated 5,626 LI-NING brand conventional stores, flagship stores, factory outlets, and discount stores. Li Ning Company Limited was incorporated in 2004 and is headquartered in Beijing, the People’s Republic of China.

3,735 Employees
Last Reported Date: 04/9/15
Founded in 2004

li ning co ltd (2331) Top Compensated Officers

Founder, Executive Chairman, Interim Chief Ex...
Total Annual Compensation: CNY3.7M
Compensation as of Fiscal Year 2014.

li ning co ltd (2331) Key Developments

Li Ning Company Limited Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2014

Li Ning Company Limited reported audited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of RMB 6,727,601,000 against RMB 5,824,110,000 a year ago. Operating loss was RMB 528,873,000 against RMB 169,417,000 a year ago. Loss before income tax was RMB 664,627,000 against RMB 317,172,000 a year ago. Loss for the year was RMB 743,504,000 against RMB 359,391,000 a year ago. Loss attributable to equity holders of the company was RMB 781,481,000 against RMB 391,540,000 a year ago. Basic and diluted loss per share attributable to equity holders of the company was 49.97 cents against 26.91 cents a year ago. Net cash used in operating activities was RMB 394,355,000 against RMB 13,531,000 a year ago. Purchases of property, plant and equipment was RMB 242,459,000 against RMB 93,801,000 a year ago. Purchases of intangible assets were RMB 84,769,000 against RMB 119,871,000 a year ago.

Li Ning Company Reports Consolidated Earnings Results for the Year Ended December 31, 2014

Li Ning Company reported consolidated earnings results for the year ended December 31, 2014. For the year, the company has seen strong revenue growth in 2014 for the whole group. Revenue was RMB 6,727,601,000 compared to RMB 5,824,110,000 a year ago. The total company revenue was up 16% driven by the LI-NING brand and Double Happiness serious growth, with LI-NING brand up 17% and Double Happiness up 11% for the year. Same-store sales growth started to stabilize and gradually improved to positive from the second half of last year compared to direct-retail as well as wholesale. Turning from revenue to profitability, a 23% top line growth in the second half, they still incurred a loss of almost RMB 200 million. The company started from a negative operating cash flow of RMB 390 million as well as capital expenditures of RMB 340 million. Net cash declined to RMB 34 million as of the end of 2014. Operating loss was RMB 528,873,000 compared to RMB 169,417,000 a year ago. Loss before income tax was RMB 664,627,000 compared to RMB 317,172,000 a year ago. Loss attributable to equity holders of the company was RMB 781,481,000 or 49.97 cents per diluted share compared to RMB 391,540,000 or 26.91 cents per diluted share a year ago. Loss on equity attributable to equity holders was 33.7% compared to 18.2% a year ago. Margin of loss attributable to equity holders was 11.6% compared to 6.7% a year ago. Net asset value per share was RMB 151.34 compared to RMB 211.10 a year ago. For the year ended 31 December 2014, the Group's EBITDA recorded a loss of RMB 323,061,000 compared to profit of RMB 26,020,000 a year ago, representing a year-on-year decrease of 1,341.6%, which was mainly attributable to the earnings before interest and tax of LI-NING brand.

Li Ning Company Limited Appoints Li Ning as the Interim CEO

The Board of Li Ning Company Limited appointed the Executive Chairman, Mr. Li Ning, as the Interim CEO with effect from March 18, 2015.

 

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2331

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Valuation 2331 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 2.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.6x
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