Results Snapshot
Figures in Million
Consolidate Annual Results
Dec'25
Dec'24
Dec'23
Dec'22
Dec'21
Dec'20
Dec'19
Net Sales
32,100.17
31,090.82
30,496.28
30,006.19
27,204.36
16,245.20
15,727.00
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
32,100.17
31,090.82
30,496.28
30,006.19
27,204.36
16,245.20
15,727.00
Raw Material Cost
16,386.69
16,872.15
16,808.09
16,292.81
13,451.88
8,834.21
8,471.14
Purchase of Finished goods
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee Cost
2,511.31
2,537.09
2,501.91
2,313.29
2,183.81
1,473.30
1,721.93
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
186.27
275.85
200.50
140.20
135.54
74.44
66.91
Selling and Distribution Expenses
10,503.36
9,364.32
9,280.84
8,345.83
7,545.67
4,970.43
5,211.10
Other Expenses
-193.61
-208.01
-201.93
-183.23
-182.04
-118.49
-137.78
Total Expenditure (Excl Depreciation)
27,651.57
26,969.36
26,772.02
25,259.80
21,496.45
14,167.48
14,093.28
Operating Profit (PBDIT) excl Other Income
4448.6
4121.5
3724.3
4746.4
5707.9
2077.7000000000003
1633.7
Other Income
703.80
931.14
1,037.67
1,230.94
605.35
747.49
511.54
Operating Profit (PBDIT)
6,537.24
6,973.06
6,782.91
7,592.78
7,624.07
3,953.59
3,074.07
Interest
186.27
275.85
200.50
140.20
135.54
74.44
66.91
Exceptional Items
-702.52
-598.90
-276.03
226.04
52.02
-15.35
-56.58
Gross Profit (PBDT)
15,713.48
14,218.67
13,688.18
13,713.38
13,752.48
7,410.99
7,255.87
Depreciation
1,384.84
1,920.46
2,020.98
1,615.44
1,310.81
1,128.38
928.80
Profit Before Tax
4,263.61
4,177.85
4,285.40
6,063.18
6,229.75
2,735.41
2,021.78
Tax
1,359.43
1,189.06
1,181.47
1,571.43
1,587.68
617.34
405.27
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
3,183.88
3,266.68
3,521.53
4,725.74
4,833.96
1,908.58
1,699.90
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
3,183.88
3,266.68
3,521.53
4,725.74
4,833.96
1,908.58
1,699.90
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
0.00
0.00
0.06
-0.07
0.01
0.00
0.00
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
3,183.88
3,266.68
3,521.59
4,725.67
4,833.97
1,908.58
1,699.90
Equity Capital
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Face Value
0.0
0.11
0.11
0.11
0.12
0.0
0.0
Reserves
30,771.90
27,779.86
26,871.84
27,315.62
25,812.80
10,299.49
7,966.23
Earnings per share (EPS)
1.23
1.26
1.36
1.79
1.9
0.76
0.68
Diluted Earnings per share
1.23
1.26
1.36
1.79
1.9
0.76
0.68
Operating Profit Margin (Excl OI)
13.86%
13.26%
12.21%
15.82%
20.98%
12.79%
10.39%
Gross Profit Margin
17.6%
19.61%
20.68%
25.59%
27.72%
23.78%
18.76%
PAT Margin
9.92%
10.51%
11.55%
15.75%
17.77%
11.75%
10.81%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Dec 2025 is 3.25% vs 1.95% in Dec 2024
Consolidate Net Profit
YoY Growth in year ended Dec 2025 is -2.53% vs -7.24% in Dec 2024
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Dec 2025 is -3.45% vs 5.16% in Dec 2024
Interest
YoY Growth in year ended Dec 2025 is -32.45% vs 37.56% in Dec 2024
Operating Profit Margin (Excl OI)
YoY Growth in year ended Dec 2025 has improved from Dec 2024
Compare Annual Results Of Li Ning Co., Ltd. With
Figures in Million
Consolidate Annual Results
Change(HKD)
Change(%)
Net Sales
32,100.17
33,613.43
-1,513.26
-4.50%
Other Operating Income
0.00
0.00
0.00
Total Operating income
32,100.17
33,613.43
-1,513.26
-4.50%
Raw Material Cost
16,386.69
24,757.90
-8,371.21
-33.81%
Purchase of Finished goods
0
0
0.00
(Increase) / Decrease In Stocks
0
0
0.00
Employee Cost
2,511.31
9,409.08
-6,897.77
-73.31%
Power Cost
0
0
0.00
Manufacturing Expenses
186.27
363.69
-177.42
-48.78%
Selling and Distribution Expenses
10,503.36
2,543.85
7,959.51
312.89%
Other Expenses
-193.61
-977.28
783.67
80.19%
Total Expenditure (Excl Depreciation)
27,651.57
27,301.76
349.81
1.28%
Operating Profit (PBDIT) excl Other Income
4,448.60
6,311.67
-1,863.07
-29.52%
Other Income
703.80
1,240.99
-537.19
-43.29%
Operating Profit (PBDIT)
6,537.24
9,167.99
-2,630.75
-28.69%
Interest
186.27
363.69
-177.42
-48.78%
Exceptional Items
-702.52
35.33
-737.85
-2,088.45%
Gross Profit (PBDT)
15,713.48
8,855.52
6,857.96
77.44%
Depreciation
1,384.84
1,615.33
-230.49
-14.27%
Profit Before Tax
4,263.61
7,224.30
-2,960.69
-40.98%
Tax
1,359.43
911.56
447.87
49.13%
Provisions and contingencies
0
0
0.00
Profit After Tax
3,183.88
6,317.63
-3,133.75
-49.60%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0
0
0.00
Other Adjustments
0
0
0.00
Net Profit
3,183.88
6,317.63
-3,133.75
-49.60%
Share in Profit of Associates
0
0
0.00
Minority Interest
0.00
0.00
0.00
Other related items
0.00
0.00
0.00
Consolidated Net Profit
3,183.88
6,317.63
-3,133.75
-49.60%
Equity Capital
0
0
0.00
Face Value
0.00
0.00
0.00
Reserves
30,771.90
41,759.03
-10,987.13
-26.31%
Earnings per share (EPS)
1.23
4.20
-2.97
-70.71%
Diluted Earnings per share
1.23
4.20
-2.97
-70.71%
Operating Profit Margin (Excl OI)
13.86%
18.78%
0.00
-4.92%
Gross Profit Margin
17.60%
26.30%
0.00
-8.70%
PAT Margin
9.92%
18.79%
0.00
-8.87%
Public Share Holdings (%)
0%
0%
0.00
0.00%
Pledged Promotor Holding (%)
0%
0%
0.00
0.00%
Annual - Net Sales
Net Sales 3,210.02 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 3.25% vs 1.95% in Dec 2024
Annual - Consolidate Net Profit
Consolidate Net Profit 318.39 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is -2.53% vs -7.24% in Dec 2024
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 583.34 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is -3.45% vs 5.16% in Dec 2024
Annual - Interest
Interest 18.63 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is -32.45% vs 37.56% in Dec 2024
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 13.86%
in Dec 2025Figures in %
YoY Growth in year ended Dec 2025 has improved from Dec 2024






