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Li Ning Company LimitedSEHK:2331 Stock Report

Market Cap HK$48.7b
Share Price
HK$18.89
My Fair Value
HK$21
11.4% undervalued intrinsic discount
1Y28.9%
7D-4.1%
Portfolio Value
​
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Li Ning Company Limited

SEHK:2331 Stock Report

Market Cap: HK$48.7b

Li Ning (2331) Stock Overview

A sports brand company, engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People’s Republic of China. More details

2331 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends3/6

Rewards

Trading at 25.8% below our estimate of its fair value

Earnings are forecast to grow 7.37% per year

Risk Analysis

Unstable dividend track record


2331 Community Fair Values

Create Narrative

See what 11 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Li Ning

E-commerce And Fitness Trends Will Fuel China's Digital Future

Key Takeaways Expansion of digital channels and innovative products strengthens brand value and profitability, with a focus on premium positioning and direct consumer engagement. Increased health awareness and Olympic partnerships boost demand and market reach, supporting long-term growth and greater pricing power.
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HK$21.18
FV
10.8% undervalued intrinsic discount
4.17%
Revenue growth p.a.
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4users have followed this narrative
4 days ago author updated this narrative
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Li Ning

Health Trends And E-Commerce Will Expand Premium Markets

Key Takeaways Strategic product mix upgrades and omnichannel online integration are transforming margins, accelerating growth, and strengthening Li Ning's pricing power across key segments. Expansion into high-tech, niche, and premium categories along with global collaborations and a strong financial position is driving brand equity and diversifying future revenue sources.
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HK$33.31
FV
43.3% undervalued intrinsic discount
9.01%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
4 days ago author updated this narrative
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Li Ning

China Slowdown And Price Wars Will Erode Profitability

Key Takeaways Heavy dependence on the Chinese market and mounting competitive pressures expose Li Ning to unpredictable earnings and increased vulnerability to domestic shifts. Ongoing margin compression due to rising discounting, elevated expenses, and volatile costs threatens profitability and sustainable long-term growth.
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HK$11.98
FV
57.6% overvalued intrinsic discount
1.58%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
4 days ago author updated this narrative
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Li Ning Company Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Li Ning
Historical stock prices
Current Share PriceHK$18.89
52 Week HighHK$21.00
52 Week LowHK$12.56
Beta1
1 Month Change15.46%
3 Month Change26.95%
1 Year Change28.85%
3 Year Change-72.32%
5 Year Change-42.32%
Change since IPO703.83%

Recent News & Updates

Li Ning's (HKG:2331) Dividend Will Be CN¥0.368

Aug 27
Li Ning's (HKG:2331) Dividend Will Be CN¥0.368

Recent updates

Li Ning's (HKG:2331) Dividend Will Be CN¥0.368

Aug 27
Li Ning's (HKG:2331) Dividend Will Be CN¥0.368

Is Now An Opportune Moment To Examine Li Ning Company Limited (HKG:2331)?

Aug 17
Is Now An Opportune Moment To Examine Li Ning Company Limited (HKG:2331)?

There Are Reasons To Feel Uneasy About Li Ning's (HKG:2331) Returns On Capital

Aug 01
There Are Reasons To Feel Uneasy About Li Ning's (HKG:2331) Returns On Capital

Li Ning Company Limited's (HKG:2331) Intrinsic Value Is Potentially 41% Above Its Share Price

Jun 30
Li Ning Company Limited's (HKG:2331) Intrinsic Value Is Potentially 41% Above Its Share Price
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Premium Product Focus And Digital Channels Will Build Future Success

Emphasis on premium products, innovation, and digital channels is strengthening Li Ning's brand, pricing power, and profitability while reducing reliance on physical stores.

Li Ning's (HKG:2331) Dividend Will Be CN¥0.2266

Jun 15
Li Ning's (HKG:2331) Dividend Will Be CN¥0.2266

The Li Ning Company Limited (HKG:2331) Yearly Results Are Out And Analysts Have Published New Forecasts

May 01
The Li Ning Company Limited (HKG:2331) Yearly Results Are Out And Analysts Have Published New Forecasts

At HK$14.94, Is It Time To Put Li Ning Company Limited (HKG:2331) On Your Watch List?

Apr 20
At HK$14.94, Is It Time To Put Li Ning Company Limited (HKG:2331) On Your Watch List?

Some Investors May Be Willing To Look Past Li Ning's (HKG:2331) Soft Earnings

Apr 04
Some Investors May Be Willing To Look Past Li Ning's (HKG:2331) Soft Earnings

Li Ning Company Limited's (HKG:2331) Share Price Could Signal Some Risk

Mar 31
Li Ning Company Limited's (HKG:2331) Share Price Could Signal Some Risk

Is Li Ning Company Limited (HKG:2331) Trading At A 29% Discount?

Feb 02
Is Li Ning Company Limited (HKG:2331) Trading At A 29% Discount?

Is There Now An Opportunity In Li Ning Company Limited (HKG:2331)?

Jan 17
Is There Now An Opportunity In Li Ning Company Limited (HKG:2331)?

Returns On Capital At Li Ning (HKG:2331) Paint A Concerning Picture

Dec 17
Returns On Capital At Li Ning (HKG:2331) Paint A Concerning Picture

Shareholder Returns

2331HK LuxuryHK Market
7D-4.1%-1.0%-1.2%
1Y28.9%24.2%40.4%

Return vs Industry: 2331 exceeded the Hong Kong Luxury industry which returned 24.2% over the past year.

Return vs Market: 2331 underperformed the Hong Kong Market which returned 40.4% over the past year.

Price Volatility

Is 2331's price volatile compared to industry and market?
2331 volatility
2331 Average Weekly Movement4.7%
Luxury Industry Average Movement6.5%
Market Average Movement7.2%
10% most volatile stocks in HK Market16.2%
10% least volatile stocks in HK Market3.6%

Stable Share Price: 2331 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 2331's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19905,099Ning Liwww.lining.com

Li Ning Company Limited, a sports brand company, engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People’s Republic of China. It offers sporting goods, including professional and leisure footwear, apparel, equipment, and accessories under the LI-NING brand. The company also develops, manufactures, markets, distributes, and sells outdoor sports products under the AIGLE brand; table tennis products under the Double Happiness brand name; and badminton products under the Kason brand name.

Li Ning Company Limited Fundamentals Summary

How do Li Ning's earnings and revenue compare to its market cap?
2331 fundamental statistics
Market capHK$48.65b
Earnings (TTM)HK$3.06b
Revenue (TTM)HK$31.87b
15.9x
P/E Ratio
1.5x
P/S Ratio

Is 2331 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2331 income statement (TTM)
RevenueCN¥29.15b
Cost of RevenueCN¥14.81b
Gross ProfitCN¥14.34b
Other ExpensesCN¥11.54b
EarningsCN¥2.80b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)1.09
Gross Margin49.18%
Net Profit Margin9.60%
Debt/Equity Ratio0%

How did 2331 perform over the long term?

See historical performance and comparison

Dividends

3.4%
Current Dividend Yield
50%
Payout Ratio

Does 2331 pay a reliable dividends?

See 2331 dividend history and benchmarks
When do you need to buy 2331 by to receive an upcoming dividend?
Li Ning dividend dates
Ex Dividend DateSep 03 2025
Dividend Pay DateSep 16 2025
Days until Ex dividend2 days
Days until Dividend pay date15 days

Does 2331 pay a reliable dividends?

See 2331 dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/31 18:48
End of Day Share Price 2025/08/29 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Li Ning Company Limited is covered by 69 analysts. 34 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vineet Kulbandu SharmaBarclays
Jiaying HuangBarclays
Lucy YuBofA Global Research