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LI NING Opens 3%+ Higher This Morning as 2024 Rev. Hikes ~4%, Final DPS Lifts
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LI NING (02331.HK) opened 3.51% higher this morning (28th), and peaked at $17.8. The stock last printed at $17.5, up 2.34%, with 4.229 million shares traded, involving $73.5189 million.

The Group announced its results for the last financial year this morning. As at the end of December 2024, revenue reached RMB28.676 billion, up 3.9% YoY, while its net profit was RMB3.013 billion, down 5.5% YoY, with EPS standing at RMB116.98 cents.

Related NewsG Sachs Cuts LI NING (02331.HK) TP to $14.8, Reduces 2025/ 2026 Profit Forecasts
A final dividend of RMB20.73 cents per share was declared, compared to RMB18.54 cents in the same period last year. Together with the interim dividend of RMB37.75 cents per share, the total dividend for the year was RMB58.48 cents, and the payout ratio reached 50%.
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