Li Ning (李宁)
Fast facts
- Year Founded
- 1990
Source: Li Ning website en.lining.com/story
- HQ Location
- Beijing, China
- Publicly Traded?
- Yes
Source: Hong Kong Stock Exchange www.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-Quote
- Overseas Operations
- Yes
Li-Ning is incorporated in the Cayman Islands. By the end of 2011, the total number of Li Ning brand stores in China reached 8,255, and it was in Southeast Asia, Central Asia, Europe, etc. Regional development business. Li-Ning established an elevated runway division in 2017. Its runway vision quickly garnered international interest and has since been introduced worldwide through an impressive network of global stockists, ranging from: prestigious department stores such as Selfridges, fashion-forward concept stores like London’s LN-CC, Manhattan’s Premiere, downtown fashion emporium, KITH and online powerhouses SSENSE and Oki-Ni, to name only a few. In June 2019 the brand announced a high-end footwear collaboration with the Stefano Pilati-helmed, Berlin-based, design collective, Random Identities. As of January 2020, Li-Ning will be aligning with the esteemed museum and cultural hub, The Centre Pompidou, in a robust, multi-faceted 3-year patronage partnership.Source: Li Ning Annual Report 2020 doc.irasia.com/listco/hk/lining/annual/ar245717-e02331.pdfSource: About Li-Ning en.lining.com/storySource: Li-Ning Brand Story lining.eu/et/lining-brand-history
- US Sanctions
- No
- Military Affiliation in China
- No
Revenue
2020 revenue was reported in RMB and converted using the exchange rate on December 15, 2021.Source: Li Ning Financial Highlights ir.lining.com/en/ir/highlights.php
*2020 revenue was reported in RMB and converted using the exchange rate on December 15, 2021.
Valuation
Valuation was reported in RMB and converted using the exchange rate on December 15, 2021.Source: Yahoo Finance finance.yahoo.com/quote/2331.HK/key-statistics
*Valuation was reported in RMB and converted using the exchange rate on December 15, 2021.
Employees
Source: Li Ning Annual Report 2020 doc.irasia.com/listco/hk/lining/annual/ar245717-e02331.pdf
Li Ning Company Limited is one of the leading sports brand companies in China, mainly providing sporting goods including footwear, apparel, equipment and accessories for professional and leisure purposes primarily under the LI-NING brand. Headquartered in Beijing, the Group has brand marketing, research and development, design, manufacturing, distribution and retail capabilities. It has established an extensive supply chain management system and a retail distribution network in China.
The Li-Ning Company has always been tied to national pride — named after the man who won 106 medals for China over his 19-year career — and has capitalized on its homegrown credentials in the face of foreign competition.
Source: About Li Ning ir.lining.com/en/global/index.phpSource: SupChina supchina.com/2021/04/27/li-ning-chinas-prince-of-gymnastics-turned-sportswear-titan/
- LI Ning (李宁), Executive Chairman and Joint Chief Executive Officer
- KOSAKA Takeshi (高坂武史), Joint Chief Executive Officer
- LI Qilin (李麒麟), Executive Director
- KOO Fook Sun, Louis (顾福身), Independent non-executive Director
- WANG Ya Fei (王亚非), Independent non-executive Director
- CHAN Chung Bun, Bunny, GBS, JP (陈振彬), Independent non-executive Director
- SU Jing Shyh, Samuel (苏敬轼), Independent non-executive Director
Source: Li Ning Annual Report 2020 doc.irasia.com/listco/hk/lining/annual/ar245717-e02331.pdf
Li-Ning is incorporated in the Cayman Islands. By the end of 2011, the total number of Li Ning brand stores in China reached 8,255, and it was in Southeast Asia, Central Asia, Europe, etc. Regional development business. Li-Ning established an elevated runway division in 2017. Its runway vision quickly garnered international interest and has since been introduced worldwide through an impressive network of global stockists, ranging from: prestigious department stores such as Selfridges, fashion-forward concept stores like London’s LN-CC, Manhattan’s Premiere, downtown fashion emporium, KITH and online powerhouses SSENSE and Oki-Ni, to name only a few. In June 2019 the brand announced a high-end footwear collaboration with the Stefano Pilati-helmed, Berlin-based, design collective, Random Identities. As of January 2020, Li-Ning will be aligning with the esteemed museum and cultural hub, The Centre Pompidou, in a robust, multi-faceted 3-year patronage partnership.
Source: Li Ning Annual Report 2020 doc.irasia.com/listco/hk/lining/annual/ar245717-e02331.pdfSource: About Li-Ning en.lining.com/storySource: Li-Ning Brand Story lining.eu/et/lining-brand-history
Li Ning Sanctions
While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Chinese companies’ affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company’s full sanctions status.
Li Ning Reputational Disclosures
In the 2008 Summer Olympics opening ceremony, Lǐ Níng 李宁, the “Prince of Gymnastics” himself, was hoisted up to light the gigantic torch on the roof of the Beijing National Stadium, flashily dressed in his own branded trainers. Revenue rocketed by 54% while Adidas whinged about the stunt violating its exclusive rights.
Its most recent news splash was during the Xinjiang cotton boycott, when Nike and Adidas were being shunned in China alongside H&M for their stance on forced labor in Xinjiang. The Weibo hashtag “Li Ning puts Xinjiang cotton on his labels” was viewed hundreds of millions of times, ensuring the company’s stock price rose 10% in just two days.
The latest news on Li Ning from across the web
Goldman Backs China Bulls With Its 50 ‘Common Prosperity’ Stocks
Corporate gain from “common prosperity”: Goldman Sachs has spotlighted 50 China stocks that stand to benefit from Xi’s campaign against inequality and push for a new development model. The picks of companies such as smartphone maker Xiaomi, LONGi Green Energy, and sportswear producer Li Ning reflect “themes such as manufacturing upgrading, green energy, state-owned enterprise reforms and mass consumption,” Bloomberg reports.
Nike and Adidas Should Be Watching Their Backs in China
It is a bad time to be investing in Chinese internet stocks but not all Chinese equities carry such political risk. Sportswear is emerging as a new champion for investors.
