Li-Ning (2331) Stock Price, Fundamentals & Analysis

What 2331 does

Li-Ning (2331) is a sports brand company that researches, designs, manufactures, markets, distributes, and retails sporting goods in China and internationally. The company sells professional and leisure footwear, apparel, equipment, and accessories under the LI-NING brand, outdoor sports products under the AIGLE brand, table tennis products under the Double Happiness brand, and badminton products under the Kason brand. It also provides brand licensing, administrative, research and development, and property management services. Li-Ning operates conventional stores, flagship stores, China LI-NING stores, factory outlets, and multi-brand stores. The stock is listed on the Hong Kong Stock Exchange and sits in the Consumer Cyclical sector, Leisure industry. Peers in the broader Hong Kong equity universe include companies such as JD.com (9618), Trip.com Group (9961), Sands China (1928), Alibaba Group (9988), Geely Auto (0175), BYD Company (1211), and Chow Tai Fook (1929).

Key numbers explained

• Li-Ning trades at 12.24 HKD, down 0.49% today, with a market capitalisation of 31.64 mld. HKD.
• The trailing P/E ratio of 9 compares the current share price to the last 12 months of earnings; a lower figure can suggest the stock is priced more conservatively relative to recent earnings.
• The forward P/E ratio of 9.6 uses expected future earnings, showing how the market values the company ahead of those results.
• The dividend yield of 5.51% reflects the annual dividend as a percentage of the current share price, indicating the cash return shareholders receive relative to the price they pay.
• The ex-dividend date is 3 sept. 2026; buying before this date is typically required to receive the upcoming dividend.
• Li-Ning pays out 49% of its earnings as dividends, meaning roughly half of profit is returned to shareholders and the rest is retained for reinvestment.
• The beta of 0.93 suggests the stock’s price movements have historically been slightly less volatile than the overall market.
• The 52-week price range of 12,04 – 23,42 HKD shows the lowest and highest traded prices over the past year, with the current price near the lower end of that range.
• Over the last 52 weeks, the share price has fallen 28,8%, a measure of the total price return from one year ago to today.
• Revenue, trailing 12 months, stands at 30,02 mld. CNY, growing 2,8% year over year.
• The profit margin of 10% and operating margin of 16,5% show how much of each revenue yuan remains as profit after costs and operating expenses.
• The return on equity of 10,8% indicates the profit generated for each unit of shareholder capital.
• The debt-to-equity ratio of 6,9% compares total debt to shareholders’ equity, reflecting a relatively low level of financial leverage.
• The price-to-book ratio of 0,94 compares the share price to the company’s book value per share, with values below 1 sometimes interpreted as the stock trading below its accounting net asset value.
• The next earnings date is 20 aug. 2026, the scheduled release of the company’s latest financial results.

What to watch

Investors tracking Li-Ning (2331) may monitor consumer spending trends in China, as the company operates in the Consumer Cyclical sector, where demand often rises with economic growth and falls during downturns. Brand perception, competitive pressures in the Leisure industry, and the company’s ability to grow revenue beyond the current 2,8% year-over-year rate are also relevant. The upcoming earnings release on 20 aug. 2026 can provide updated insight into margins, costs, and management’s outlook. Dividend sustainability is another factor, given the 49% payout ratio and the 5,51% yield. Because the stock’s beta is 0,93, its price may move somewhat less than the broader market, but it is not immune to sector-wide swings.