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Li Ning Released 2020 Performance Announcement, Up 4.2% Over The Same Period

2021/3/22 20:17:00 0

Li Ning

On March 19, Li Ning released the 2020 performance announcement.

According to the announcement, in 2020, Li Ning realized an income of 14.457 billion yuan, an increase of 4.2% over the same period in 2019. The net share of equity holders of the company was 1.698 billion yuan, up 13.3% year on year.

Gross profit increased by 4.2% to 7.094 billion yuan compared with 6.805 billion yuan in 2019. The overall gross profit margin of the group was 49.1%, which was the same as that of the previous year (2019: 49.1%).

In terms of market, China's market accounted for 98.5%, while the international market accounted for only 1.5%, far lower than the 18.5% in 2019.

In terms of channels, the performance of e-commerce is eye-catching. In 2020, the revenue increased by 29.9% year-on-year, accounting for 28% of the total revenue.

As of December 31, 2020, in China, the number of Li Ning outlets (excluding Li Ning young) totaled 5912, with a net decrease of 537 so far this year.

There are a total of 1021 sales points in lining young, with a net decrease of 80 so far this year.

Li Ning said that in 2021, it will continue to implement the strategy of "single brand, multi category and multi-channel", focus on Li Ning's experience value, consolidate core business, and promote the continuous growth of the group's performance.



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