View ValuationLi Ning 향후 성장Future 기준 점검 1/6Li Ning (는) 각각 연간 6.6% 및 5.6% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 6.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 11% 로 예상됩니다.핵심 정보6.6%이익 성장률6.55%EPS 성장률Luxury 이익 성장8.7%매출 성장률5.6%향후 자기자본이익률10.96%애널리스트 커버리지Good마지막 업데이트18 Aug 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공고 • Aug 10Li Ning Company Limited to Report First Half, 2026 Results on Aug 20, 2026Li Ning Company Limited announced that they will report first half, 2026 results on Aug 20, 2026Upcoming Dividend • Jun 08Upcoming dividend of CN¥0.23 per shareEligible shareholders must have bought the stock before 15 June 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Hong Kong dividend payers (6.9%). Lower than average of industry peers (5.1%).Reported Earnings • Apr 23Full year 2025 earnings released: EPS: CN¥1.14 (vs CN¥1.17 in FY 2024)Full year 2025 results: EPS: CN¥1.14 (down from CN¥1.17 in FY 2024). Revenue: CN¥29.6b (up 3.2% from FY 2024). Net income: CN¥2.94b (down 2.6% from FY 2024). Profit margin: 9.9% (in line with FY 2024). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Luxury industry in Hong Kong.Declared Dividend • Mar 21Final dividend of CN¥0.23 announcedShareholders will receive a dividend of CN¥0.23. Ex-date: 15th June 2026 Payment date: 29th June 2026 Dividend yield will be 3.1%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (50% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 31% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 20Full year 2025 earnings released: EPS: CN¥1.14 (vs CN¥1.17 in FY 2024)Full year 2025 results: EPS: CN¥1.14 (down from CN¥1.17 in FY 2024). Revenue: CN¥29.6b (up 3.2% from FY 2024). Net income: CN¥2.94b (down 2.6% from FY 2024). Profit margin: 9.9% (in line with FY 2024). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Hong Kong.공고 • Mar 20Li Ning Company Limited, Annual General Meeting, Jun 11, 2026Li Ning Company Limited, Annual General Meeting, Jun 11, 2026, at 11:00 China Standard Time.공고 • Mar 09Li Ning Company Limited to Report Fiscal Year 2025 Results on Mar 19, 2026Li Ning Company Limited announced that they will report fiscal year 2025 results on Mar 19, 2026공고 • Nov 27Anta Sports Reportedly Exploring Bid for PumaChinese sportswear maker ANTA Sports Products Limited (SEHK:2020) is among firms exploring a potential takeover of German sportswear brand PUMA SE (XTRA:PUM), Bloomberg News reported on November 27, 2025. Hong Kong-listed Anta has been working with an adviser to evaluate a bid for Puma, and the company may team up with a private equity firm if it decides to move forward with an offer, the Bloomberg report said, citing people familiar with the matter. Other potential bidders could include Chinese sportswear group Li Ning Company Limited (SEHK:2331), which has been discussing financing options with banks as it takes an early look at Puma, according to the report. Puma may also attract interest from Japanese sportswear company ASICS Corporation (TSE:7936), the report said. Anta Sports, Puma, and Asics did not immediately respond to Reuters‘ requests for comment. Li-Ning said in an emailed statement to Reuters that the company “has not engaged in any substantive negotiations or evaluations regarding the transaction mentioned in the news”, adding that the company continues to focus on the growth and development of its brand. Puma’s biggest shareholder Artemis, the privately-owned holding company that controls Gucci owner Kering, has said it is considering all options for its 29% stake, though a source close to the firm told Reuters in September it would not sell at the market value then. Puma’s market valuation is currently at EUR 2,520 million ($2,920 million), according to LSEG data. The Pinault family, which controls Artemis, acquired its Puma stake in 2018 from Kering when the luxury group transformed into a pure luxury player focused on brands like Gucci and Saint Laurent.Buy Or Sell Opportunity • Nov 14Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.1% to CN¥16.00. The fair value is estimated to be CN¥20.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has declined by 15%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 7.2% per annum over the same time period.공고 • Aug 26Pinault Family Reportedly Seeks Potential Buyers for PumaThe Pinault family has reached out to potential buyers of PUMA SE (XTRA:PUM) after the German sports brand lost about half of its market value in the past year, according to people familiar with the matter. The billionaire family, which owns a 29% stake in Frankfurt-listed Puma through Artemis, is working with advisers, possibly with a view to triggering a sale of the company, the people said, asking not to be identified because the deliberations are private. They have reached out to prospective bidders including ANTA Sports Products Limited (SEHK:2020) and Li Ning Company Limited (SEHK:2331) to gauge interest in buying Puma, the people said, adding they have also sounded out other sportswear firms in the US, as well as sovereign wealth funds in the Middle East. Puma shares surged as much as 20% in German trading following the report, the most since October 2001. It has a market value of about EUR 3.3 billion. The family is likely to seek a sizable premium in any deal, the people said. Artemis is also the controlling shareholder of Kering. Deliberations are ongoing and there is no guarantee a transaction will happen, the people said. A spokesperson for Puma declined to comment, while representatives for Artemis, Anta and Li Ning didn't respond to requests seeking comment.Declared Dividend • Aug 25First half dividend of HK$0.37 announcedShareholders will receive a dividend of HK$0.37. Ex-date: 3rd September 2025 Payment date: 16th September 2025 Dividend yield will be 3.1%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 37% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공고 • Aug 22Li Ning Company Limited Announces Interim Dividend for the Six Months Ended June 30, 2025, Payable on September 16, 2025Li Ning Company Limited announced interim dividend of RMB 0.3359 per share for the six months ended June 30, 2025. Ex-dividend date: September 3, 2025. Record date: September 8, 2025. Payment date: September 16, 2025.Reported Earnings • Aug 22First half 2025 earnings released: EPS: CN¥0.67 (vs CN¥0.76 in 1H 2024)First half 2025 results: EPS: CN¥0.67 (down from CN¥0.76 in 1H 2024). Revenue: CN¥14.8b (up 3.3% from 1H 2024). Net income: CN¥1.74b (down 11% from 1H 2024). Profit margin: 12% (down from 14% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Luxury industry in Hong Kong.Buy Or Sell Opportunity • Aug 21Now 20% undervaluedOver the last 90 days, the stock has risen 20% to CN¥16.65. The fair value is estimated to be CN¥20.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 13%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 4.2% per annum over the same time period.공고 • Aug 11Li Ning Company Limited to Report First Half, 2025 Results on Aug 21, 2025Li Ning Company Limited announced that they will report first half, 2025 results on Aug 21, 2025Board Change • Jul 23Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Yajuan Wang was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.이익 및 매출 성장 예측SEHK:82331 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202835,3433,5863,0935,1672612/31/202733,1173,2052,7964,7343012/31/202631,1802,8452,4874,3143012/31/202529,5982,9363,5654,852N/A9/30/202529,3732,8673,5424,900N/A6/30/202529,1472,7983,5204,949N/A3/31/202528,9112,9063,6425,108N/A12/31/202428,6763,0133,7655,268N/A9/30/202428,3003,0153,6295,372N/A6/30/202427,9253,0183,4935,476N/A3/31/202427,7623,1023,0835,082N/A12/31/202327,5983,1872,6734,688N/A9/30/202327,5063,5912,4244,480N/A6/30/202327,4143,9962,1754,273N/A3/31/202326,6094,0301,9854,093N/A12/31/202225,8034,0641,7953,914N/A9/30/202225,2944,1512,2514,349N/A6/30/202224,7844,2382,7074,784N/A3/31/202223,6784,1243,7155,655N/A12/31/202122,5724,0114,7226,525N/A9/30/202120,5223,4944,7466,067N/A6/30/202118,4732,9774,7705,609N/A3/31/202116,4652,3383,3944,186N/A12/31/202014,4571,6982,0182,763N/A9/30/202014,1261,5431,9312,690N/A6/30/202013,7961,3871,8452,616N/A3/31/202013,8331,4432,3313,060N/A12/31/201913,8701,4992,8183,503N/A9/30/201912,9611,370N/A2,941N/A6/30/201912,0531,242N/A2,378N/A3/31/201911,282978N/A2,025N/A12/31/201810,511715N/A1,672N/A9/30/201810,051655N/A1,451N/A6/30/20189,591595N/A1,231N/A3/31/20189,232555N/A1,195N/A12/31/20178,874515N/A1,159N/A9/30/20178,645446N/A1,199N/A6/30/20178,416376N/A1,238N/A3/31/20178,216316N/A1,117N/A12/31/20168,015256N/A995N/A9/30/20167,757172N/A931N/A6/30/20167,49989N/A866N/A3/31/20167,29423N/A777N/A12/31/20157,089-43N/A687N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 82331 의 연간 예상 수익 증가율(6.6%)이 saving rate(3.1%)보다 높습니다.수익 vs 시장: 82331 의 연간 수익(6.6%)이 Hong Kong 시장(11.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 82331 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 82331 의 수익(연간 5.6%)이 Hong Kong 시장(연간 8.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 82331 의 수익(연간 5.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 82331의 자본 수익률은 3년 후 11%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-durables 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/19 13:11종가2026/08/19 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Li Ning Company Limited는 55명의 분석가가 다루고 있습니다. 이 중 30명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Vineet Kulbandu SharmaBarclaysJiaying HuangBarclaysMelinda HuBernstein52명의 분석가 더 보기
공고 • Aug 10Li Ning Company Limited to Report First Half, 2026 Results on Aug 20, 2026Li Ning Company Limited announced that they will report first half, 2026 results on Aug 20, 2026
Upcoming Dividend • Jun 08Upcoming dividend of CN¥0.23 per shareEligible shareholders must have bought the stock before 15 June 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Hong Kong dividend payers (6.9%). Lower than average of industry peers (5.1%).
Reported Earnings • Apr 23Full year 2025 earnings released: EPS: CN¥1.14 (vs CN¥1.17 in FY 2024)Full year 2025 results: EPS: CN¥1.14 (down from CN¥1.17 in FY 2024). Revenue: CN¥29.6b (up 3.2% from FY 2024). Net income: CN¥2.94b (down 2.6% from FY 2024). Profit margin: 9.9% (in line with FY 2024). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Luxury industry in Hong Kong.
Declared Dividend • Mar 21Final dividend of CN¥0.23 announcedShareholders will receive a dividend of CN¥0.23. Ex-date: 15th June 2026 Payment date: 29th June 2026 Dividend yield will be 3.1%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (50% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 31% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 20Full year 2025 earnings released: EPS: CN¥1.14 (vs CN¥1.17 in FY 2024)Full year 2025 results: EPS: CN¥1.14 (down from CN¥1.17 in FY 2024). Revenue: CN¥29.6b (up 3.2% from FY 2024). Net income: CN¥2.94b (down 2.6% from FY 2024). Profit margin: 9.9% (in line with FY 2024). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Hong Kong.
공고 • Mar 20Li Ning Company Limited, Annual General Meeting, Jun 11, 2026Li Ning Company Limited, Annual General Meeting, Jun 11, 2026, at 11:00 China Standard Time.
공고 • Mar 09Li Ning Company Limited to Report Fiscal Year 2025 Results on Mar 19, 2026Li Ning Company Limited announced that they will report fiscal year 2025 results on Mar 19, 2026
공고 • Nov 27Anta Sports Reportedly Exploring Bid for PumaChinese sportswear maker ANTA Sports Products Limited (SEHK:2020) is among firms exploring a potential takeover of German sportswear brand PUMA SE (XTRA:PUM), Bloomberg News reported on November 27, 2025. Hong Kong-listed Anta has been working with an adviser to evaluate a bid for Puma, and the company may team up with a private equity firm if it decides to move forward with an offer, the Bloomberg report said, citing people familiar with the matter. Other potential bidders could include Chinese sportswear group Li Ning Company Limited (SEHK:2331), which has been discussing financing options with banks as it takes an early look at Puma, according to the report. Puma may also attract interest from Japanese sportswear company ASICS Corporation (TSE:7936), the report said. Anta Sports, Puma, and Asics did not immediately respond to Reuters‘ requests for comment. Li-Ning said in an emailed statement to Reuters that the company “has not engaged in any substantive negotiations or evaluations regarding the transaction mentioned in the news”, adding that the company continues to focus on the growth and development of its brand. Puma’s biggest shareholder Artemis, the privately-owned holding company that controls Gucci owner Kering, has said it is considering all options for its 29% stake, though a source close to the firm told Reuters in September it would not sell at the market value then. Puma’s market valuation is currently at EUR 2,520 million ($2,920 million), according to LSEG data. The Pinault family, which controls Artemis, acquired its Puma stake in 2018 from Kering when the luxury group transformed into a pure luxury player focused on brands like Gucci and Saint Laurent.
Buy Or Sell Opportunity • Nov 14Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.1% to CN¥16.00. The fair value is estimated to be CN¥20.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has declined by 15%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 7.2% per annum over the same time period.
공고 • Aug 26Pinault Family Reportedly Seeks Potential Buyers for PumaThe Pinault family has reached out to potential buyers of PUMA SE (XTRA:PUM) after the German sports brand lost about half of its market value in the past year, according to people familiar with the matter. The billionaire family, which owns a 29% stake in Frankfurt-listed Puma through Artemis, is working with advisers, possibly with a view to triggering a sale of the company, the people said, asking not to be identified because the deliberations are private. They have reached out to prospective bidders including ANTA Sports Products Limited (SEHK:2020) and Li Ning Company Limited (SEHK:2331) to gauge interest in buying Puma, the people said, adding they have also sounded out other sportswear firms in the US, as well as sovereign wealth funds in the Middle East. Puma shares surged as much as 20% in German trading following the report, the most since October 2001. It has a market value of about EUR 3.3 billion. The family is likely to seek a sizable premium in any deal, the people said. Artemis is also the controlling shareholder of Kering. Deliberations are ongoing and there is no guarantee a transaction will happen, the people said. A spokesperson for Puma declined to comment, while representatives for Artemis, Anta and Li Ning didn't respond to requests seeking comment.
Declared Dividend • Aug 25First half dividend of HK$0.37 announcedShareholders will receive a dividend of HK$0.37. Ex-date: 3rd September 2025 Payment date: 16th September 2025 Dividend yield will be 3.1%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 37% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • Aug 22Li Ning Company Limited Announces Interim Dividend for the Six Months Ended June 30, 2025, Payable on September 16, 2025Li Ning Company Limited announced interim dividend of RMB 0.3359 per share for the six months ended June 30, 2025. Ex-dividend date: September 3, 2025. Record date: September 8, 2025. Payment date: September 16, 2025.
Reported Earnings • Aug 22First half 2025 earnings released: EPS: CN¥0.67 (vs CN¥0.76 in 1H 2024)First half 2025 results: EPS: CN¥0.67 (down from CN¥0.76 in 1H 2024). Revenue: CN¥14.8b (up 3.3% from 1H 2024). Net income: CN¥1.74b (down 11% from 1H 2024). Profit margin: 12% (down from 14% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Luxury industry in Hong Kong.
Buy Or Sell Opportunity • Aug 21Now 20% undervaluedOver the last 90 days, the stock has risen 20% to CN¥16.65. The fair value is estimated to be CN¥20.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 13%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 4.2% per annum over the same time period.
공고 • Aug 11Li Ning Company Limited to Report First Half, 2025 Results on Aug 21, 2025Li Ning Company Limited announced that they will report first half, 2025 results on Aug 21, 2025
Board Change • Jul 23Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Yajuan Wang was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.