Hong Kong stocks unusual movement | Li Ning (02331) now rises more than 5%. The company previously introduced Sequoia China to establish a joint venture to layout overseas markets.
li ning (02331) is now up more than 5%, at 5.28%, at 16.76 Hong Kong dollars, with a turnover of 0.249 billion Hong Kong dollars.
Ministry of Commerce: Will introduce new consumer policies in the consumer sector, Beijing-Tianjin-Hebei-Chongqing will issue consumer vouchers for dining, culture and tourism, sports, etc.
According to internal media reports, Vice Minister of the Ministry of Commerce, Sheng Qiuping, stated that the Ministry of Commerce will work with relevant departments to introduce a new batch of policies in the consumer sector. For example, they will soon study and implement policies to promote the development of the initial launch economy, facilitate high-quality development of the wholesale and retail trade, support the trial construction of modern commercial and trade circulation systems in 20 cities including Shanghai, Tianjin, etc., launch pilot reforms in automobile distribution and consumption, and promote special action plans for healthy consumption. Five cities will also introduce supporting policies. For instance, Shanghai and Guangzhou will introduce policies supporting and incentivizing the first store opening, debut, and exhibition; Beijing, Tianjin, Shanghai, and Chongqing will issue dining, cultural tourism, sports, and other service consumption vouchers.
li ning is going to open up new battlegrounds overseas.
See the real chapter of business performance.
Express News | BlackRock's shareholding ratio in Li Ning has decreased from 5.19% to 4.42% on October 25th.
[Brokerage Focus] Haitong Securities maintains a "outperform" rating on Li Ning (02331), indicating its further expanding influence in the professional sports market.
Jingu Finance News | Haitong Securities released research reports, indicating that in the third quarter of 2024, li ning (02331) experienced a decline in offline foot traffic, which was similar to the high-end singles in Q2. The e-commerce revenue maintained positive growth in the first three quarters of this year, with the firm determining that on one hand, the increase in traffic comes from the shift from offline to online, and on the other hand, the e-commerce channel's high cost-effectiveness makes it more popular. In addition, the firm assesses that at present, the company's top-level market stores will mainly adjust and close in small numbers, while there are still untapped blank markets at the lower levels that can be explored. It is expected that the distribution will continue to steadily open stores. The firm mentioned that the company announced the establishment of a joint venture with Red Shirt Capital to be responsible for the overseas operation and promotion of the li ning brand. The firm expects
Li Ning (2331.HK): Revenue in Q3 2024 decreased m, established a joint venture to expand into overseas markets.
24Q3 Li Ning's overall online sales decline in mid-single digits, offline sales decline in high single digits, similar to Q2. In 24Q3, Li Ning's overall channel revenue growth rate slowed down compared to Q2, except for distribution channels, with total revenue/offline revenue decreasing in mid-single digits/decreasing in high single digits (Q2 decreased