Li Ning Management

Management criteria checks 3/4

Li Ning's CEO is Ning Li, appointed in Sep 2019, has a tenure of 4.67 years. total yearly compensation is CN¥62.31M, comprised of 24.1% salary and 75.9% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth €11.06M. The average tenure of the management team and the board of directors is 4.7 years and 19.9 years respectively.

Key information

Ning Li

Chief executive officer

CN¥62.3m

Total compensation

CEO salary percentage	24.1%
CEO tenure	4.7yrs
CEO ownership	0.2%
Management average tenure	4.7yrs
Board average tenure	19.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ning Li's remuneration changed compared to Li Ning's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	CN¥62m	CN¥15m	CN¥3b
Sep 30 2023	n/a	n/a	CN¥4b
Jun 30 2023	n/a	n/a	CN¥4b
Mar 31 2023	n/a	n/a	CN¥4b
Dec 31 2022	CN¥73m	CN¥15m	CN¥4b
Sep 30 2022	n/a	n/a	CN¥4b
Jun 30 2022	n/a	n/a	CN¥4b
Mar 31 2022	n/a	n/a	CN¥4b
Dec 31 2021	CN¥66m	CN¥10m	CN¥4b
Sep 30 2021	n/a	n/a	CN¥3b
Jun 30 2021	n/a	n/a	CN¥3b
Mar 31 2021	n/a	n/a	CN¥2b
Dec 31 2020	CN¥50m	CN¥10m	CN¥2b
Sep 30 2020	n/a	n/a	CN¥2b
Jun 30 2020	n/a	n/a	CN¥1b
Mar 31 2020	n/a	n/a	CN¥1b
Dec 31 2019	CN¥34m	CN¥8m	CN¥1b
Sep 30 2019	n/a	n/a	CN¥1b
Jun 30 2019	n/a	n/a	CN¥1b
Mar 31 2019	n/a	n/a	CN¥978m
Dec 31 2018	CN¥24m	CN¥4m	CN¥715m
Sep 30 2018	n/a	n/a	CN¥655m
Jun 30 2018	n/a	n/a	CN¥595m
Mar 31 2018	n/a	n/a	CN¥555m
Dec 31 2017	CN¥12m	CN¥4m	CN¥515m

Compensation vs Market: Ning's total compensation ($USD8.61M) is above average for companies of similar size in the German market ($USD3.34M).

Compensation vs Earnings: Ning's compensation has been consistent with company performance over the past year.

CEO

Ning Li (60 yo)

4.7yrs

Tenure

CN¥62,313,000

Compensation

Mr. Ning Li serves as Joint Chief Executive Officer of Li Ning Company Limited since September 02, 2019. Mr. Li serves as Chairman of the Board at Trinity Acquisition Corp. He is the Founder of Li Ning Com...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ning Li	Founder	4.7yrs	CN¥62.31m	0.17% CN¥ 11.5m
Takeshi Kosaka	Joint CEO & Executive Director	4.7yrs	CN¥56.35m	0.035% CN¥ 2.3m
Qilin Li	Executive Director	5.9yrs	CN¥5.88m	0.045% CN¥ 2.9m
Dong Sheng Zhao	VP & CFO	1.8yrs	no data	no data
Zhai Xuan Jin	VP & COO	no data	no data	no data
Yi Wang	VP & Chief Marketing Officer	no data	no data	no data
Chun Tao Song	VP & Chief Human Resources Officer	no data	no data	no data
Kar Lei Tai	Company Secretary	11yrs	no data	no data

4.7yrs

Average Tenure

45yo

Average Age

Experienced Management: LNLB's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ning Li	Founder	20.2yrs	CN¥62.31m	0.17% CN¥ 11.5m
Takeshi Kosaka	Joint CEO & Executive Director	4.7yrs	CN¥56.35m	0.035% CN¥ 2.3m
Qilin Li	Executive Director	6.4yrs	CN¥5.88m	0.045% CN¥ 2.9m
Fook Sun Koo	Independent Non-Executive Director	19.9yrs	CN¥925.00k	0.00068% CN¥ 44.6k
Ya Fei Wang	Independent Non Executive Director	19.9yrs	CN¥925.00k	0.011% CN¥ 743.9k
Chung Bun Chan	Independent Non Executive Director	19.9yrs	CN¥905.00k	0.00081% CN¥ 53.1k
Yajuan Wang	Independent Non-Executive Director	1.4yrs	CN¥250.00k	no data

19.9yrs

Average Tenure

60yo

Average Age

Experienced Board: LNLB's board of directors are seasoned and experienced ( 19.9 years average tenure).

Li Ning Management

Management criteria checks 3/4

Key information

Recent management updates

Independent Non Executive Director recently sold €259k worth of stock

Li Ning Company Limited Appoints Wang Yajuan as an Independent Non-Executive Director

Insufficient new directors

Insufficient new directors

Insufficient new directors

Li Ning Company Limited Appoints Zhao Dong Sheng as Chief Financial Officer

Recent updates

Investor sentiment improves as stock rises 18%

Full year 2023 earnings released: EPS: CN¥1.23 (vs CN¥1.55 in FY 2022)

Final dividend of CN¥0.19 announced

Full year 2023 earnings released: EPS: CN¥1.23 (vs CN¥1.55 in FY 2022)

Li Ning Company Limited Proposes Ordinary Final Cash Dividend for the Year Ended 31 December 2023, Payable on June 28, 2024

Li Ning Company Limited to Report Fiscal Year 2023 Results on Mar 19, 2024

Investor sentiment improves as stock rises 16%

Investor sentiment improves as stock rises 18%

New major risk - Share price stability

New major risk - Share price stability

Investor sentiment deteriorates as stock falls 22%

Upcoming dividend of HK$0.40 per share at 1.9% yield

New minor risk - Dividend sustainability

First half 2023 earnings released: EPS: CN¥0.81 (vs CN¥0.84 in 1H 2022)

Now 21% undervalued after recent price drop

Li Ning Company Limited to Report First Half, 2023 Results on Aug 10, 2023

New minor risk - Share price stability

Now 20% undervalued after recent price drop

New major risk - Earnings quality

Li Ning Company Limited Declares Final Dividend for the Year Ended 31 December 2022

Upcoming dividend of CN¥0.46 per share at 1.1% yield

Now 21% undervalued after recent price drop

Full year 2022 earnings released: EPS: CN¥1.55 (vs CN¥1.60 in FY 2021)

Independent Non Executive Director recently sold €259k worth of stock

Li Ning Company Limited Appoints Wang Yajuan as an Independent Non-Executive Director

Now 20% undervalued after recent price drop

Investor sentiment improved over the past week

Insufficient new directors

Investor sentiment improved over the past week

Insufficient new directors

Investor sentiment deteriorated over the past week

Insufficient new directors

First half 2022 earnings released: EPS: CN¥0.84 (vs CN¥0.79 in 1H 2021)

Li Ning Company Limited to Report Q2, 2022 Results on Aug 11, 2022

Li Ning Company Limited Appoints Zhao Dong Sheng as Chief Financial Officer

Independent Non Executive Director recently sold €645k worth of stock

Li Ning Company Limited Announces Retirement of Tsang, Terence Wah-Fung as Chief Financial Officer

Li Ning Company Limited Approves to Declare and Pay A Final Dividend for the Year Ended 31 December 2021, Payment Date 30 June 2022

Upcoming dividend of CN¥0.46 per share

Investor sentiment improved over the past week

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Independent Non Executive Director recently sold €1.1m worth of stock

Independent Non Executive Director recently sold €1.9m worth of stock

First half 2021 earnings released: EPS CN¥0.79 (vs CN¥0.28 in 1H 2020)

Independent Non-Executive Director Jing Shyh Su has left the company

Independent Non Executive Director recently sold €964k worth of stock

Li Ning Company Limited Provides Group Earnings Guidance for the Six Months Ending June 30, 2021

Upcoming dividend of CN¥0.20 per share

Full year 2020 earnings released: EPS CN¥0.69 (vs CN¥0.62 in FY 2019)

Independent Non Executive Director recently sold €177k worth of stock

Full year 2020 earnings released: EPS CN¥0.69 (vs CN¥0.62 in FY 2019)

Li Ning Company Limited Recommends Payment of a Final Dividend for the Year Ended 31 December 2020, Payable on 11 June 2021

Li Ning Company Limited, Annual General Meeting, Jun 11, 2021

New 90-day low: €4.40

Li Ning Company Limited to Report Fiscal Year 2020 Results on Mar 18, 2021

Investor sentiment deteriorated over the past week

Independent Non Executive Director recently sold €18k worth of stock

New 90-day high: €5.80

New 90-day high: €5.50

Founder recently sold €4.3m worth of stock

New 90-day high: €4.76

New 90-day high: €4.51

New 90-day high: €4.29

Independent Non Executive Director recently sold €265k worth of stock

New 90-day high: €3.85

Joint CEO & Executive Director recently sold €756.4k worth of stock