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LI NING (02331.HK) received an increase in shareholding of 3.166 million ordinary shares from Fidelity International and associated parties, valued at approximately 48.2033 million Hong Kong dollars.
On May 8, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 8, Fidelity International (Pandanus Associates Inc.) increased its shareholding in LI NING (02331.HK) by 3.166 million ordinary shares at an average price of HKD 15.2253 per share on May 2, totaling approximately HKD 48.2033 million. After the increase, Fidelity International's latest shareholding is 0.13 billion shares, and the holding ratio rose from 4.92% to 5.05%. This Trade involves Other related parties: FIL Limited and Pandanus Partners.
Express News | According to information from the HKEX, FIL Limited's shareholding in LI NING increased from 4.92% to 5.05% on May 2, with an average stock price of 15.2253 HKD.
Hong Kong market quick review | The three major Indexes showed mixed results, with the Hang Seng Index up 0.13%; Machinery and Mainland Real Estate stocks performed well, new stock Boleton surged over 38%, MORIMATSU INTL rose nearly 6%; RADIANCE HLDGS inc
Network Technology stocks declined, XIAOMI-W fell by 2.81%, Alibaba-W dropped by 2.02%; Casinos and Gaming stocks generally rose, MELCO INT'L DEV increased by 4.73%, SANDS CHINA LTD rose by 2.67%; Pharmaceutical stocks weakened, GRANDPHARMA rose by 13.36%, 3SBIO fell by 6.62%.
【Brokerage Focus】Tianfeng maintains a "Buy" rating for LI NING (02331), indicating that the company is gradually emerging from its operational low point.
Golden Goose Financial News | Tianfeng's research indicates that in the first quarter of 2025, LI NING (02331) will have overall retail sales (excluding LI NING YOUNG) with low single-digit year-on-year growth, while in offline channels, retail (directly operated) will see a low single-digit decline, and wholesale (franchised) will show low single-digit growth; e-commerce will grow in the low range of 10%-20%. In China, the number of LI NING sales points (excluding LI NING YOUNG) has net decreased by 29 to 6088 (with retail net decreasing by 6 and wholesale net decreasing by 23); the number of LI NING YOUNG sales points has net decreased by 15 to 1453. LI NING is focusing on the operational efficiency of stores and is systematically closing inefficient ones, optimizing channel distribution.
Consumer stocks are performing well with Shenzhou International Group Holdings Limited Unsponsored ADR (02313) up by 4.2%. The central bank will establish a 500 billion yuan relending facility for Consumer and Retirement services.
Golden Finance News | Consumer stocks are performing well, among the Sporting Goods stocks, Shenzhou International Group Holdings Limited Unsponsored ADR (02313) rose by 4.2%, YUE YUEN IND (00551) rose by 3.53%, LI NING (02331) rose by 1.58%, ANTA SPORTS (02020) rose by 1.36%; among the Dining stocks, JIUMAOJIU (09922) rose by 3.54%, HAIDILAO (06862) rose by 1.36%, YUM CHINA (09987) rose by 0.71%. Among the Home Appliances stocks, Midea Group Co., Ltd (00300) rose by 1.21%, HAIER SMARTHOME (06690) rose by 1.31%. The Governor of the People’s Bank of China, Pan Gongsheng, in May.
LI NING (02331.HK): A steady start in 2025.
The company announced that in the first quarter of 2025, overall retail revenue (excluding LI NING YOUNG) saw a low single-digit growth year-on-year, while sales in offline channels showed a low single-digit decline for retail (direct) and a low single-digit growth for wholesale (franchise); e-commerce grew by 10%.