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LI NING Targets Flat YoY Rev. This Yr, NP Growth to Reach HSD
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LI NING (02231.HK) Vice President and CFO Zhao Dong Sheng stated that the company aims for flat YoY revenue this year, with net profit growth expected to reach a high single-digit percentage. While China’s economic development remains stable with progression, the recovery of domestic consumption still requires further observation, he noted. Last year, Li Ning had launched an outdoor brand. For this, Executive Director and Co-CEO Qian Wei said the short-term goal is to develop this category into one of the group’s business drivers. AAStocks Financial News |
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