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home / news releases / LNNGY - Li Ning: Staying Neutral Following First Quarter Disclosures

LNNGY - Li Ning: Staying Neutral Following First Quarter Disclosures

Li Ning Co Ltd Unsp/Adr

2024-04-27 11:15:00 ET

Summary

  • On one hand, Li Ning has shown improvement in metrics pertaining to inventories and discounts for the recent quarter, and its Q1 online sales growth was strong.
  • On the other hand, LNNGF suffered from negative offline sales growth in Q1 2024, and the company's unchanged full-year financial guidance is unimpressive.
  • I rate Li Ning as a Hold, after reviewing the company's latest quarterly disclosures.

Elevator Pitch

Li Ning Company Limited ( LNNGF ) ( LNNGY ) [2331:HK] is assigned a Hold investment rating. On its investor relations website , Li Ning refers to itself as "one of the leading sports brand companies in China" selling "professional and leisure footwear, apparel, equipment and accessories under the LI-NING brand."...

For further details see:

Li Ning: Staying Neutral Following First Quarter Disclosures
Stock Information
Company Name: Li Ning Co Ltd Unsp/Adr
Stock Symbol: LNNGY
Market: OTC
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