Li Ning Company Limited (HKG: 2331)

Li Ning Company Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	27,925	27,598	25,803	22,572	14,457	13,870
Revenue Growth (YoY)	1.86%	6.96%	14.31%	56.13%	4.23%	31.95%
Cost of Revenue	14,176	14,246	13,319	10,603	7,363	7,064
Gross Profit	13,749	13,352	12,485	11,969	7,094	6,805
Selling, General & Admin	10,804	10,336	8,428	7,246	5,230	5,377
Other Operating Expenses	-482.74	-438.52	-610.79	-279.98	-252.96	-60.59
Operating Expenses	10,322	9,877	7,794	6,947	5,009	5,316
Operating Income	3,427	3,475	4,691	5,023	2,086	1,489
Interest Expense	-170.31	-160.49	-102.43	-64.45	-53.97	-45.4
Interest & Investment Income	457.66	476.74	353.99	145.1	34.62	102.89
Earnings From Equity Investments	386.96	377.97	201.16	159.22	83.49	343.47
Currency Exchange Gain (Loss)	-68.38	23.82	93.76	-30.46	0.04	4.22
Other Non Operating Income (Expenses)	-24.14	-21.91	-16.93	-21.77	-10.89	-13.61
EBT Excluding Unusual Items	4,009	4,171	5,221	5,210	2,139	1,881
Merger & Restructuring Charges	-	-	-	-2.32	-	-36.39
Gain (Loss) on Sale of Investments	59.84	85.15	194.38	120.37	108.91	12.26
Pretax Income	4,068	4,256	5,415	5,328	2,248	1,857
Income Tax Expense	1,051	1,069	1,351	1,317	549.38	357.4
Earnings From Continuing Operations	3,018	3,187	4,064	4,011	1,698	1,499
Net Income to Company	3,018	3,187	4,064	4,011	1,698	1,499
Minority Interest in Earnings	-	-0.05	0.06	-0.01	-	-0
Net Income	3,018	3,187	4,064	4,011	1,698	1,499
Net Income to Common	3,018	3,187	4,064	4,011	1,698	1,499
Net Income Growth	-24.48%	-21.58%	1.32%	136.14%	13.30%	109.59%
Shares Outstanding (Basic)	2,559	2,586	2,615	2,505	2,454	2,420
Shares Outstanding (Diluted)	2,571	2,598	2,633	2,539	2,512	2,493
Shares Change (YoY)	-2.41%	-1.33%	3.71%	1.08%	0.75%	1.73%
EPS (Basic)	1.18	1.23	1.55	1.60	0.69	0.62
EPS (Diluted)	1.17	1.23	1.54	1.58	0.68	0.60
EPS Growth	-22.61%	-20.53%	-2.30%	133.61%	12.46%	106.00%
Free Cash Flow	3,576	2,761	1,869	4,765	2,169	2,867
Free Cash Flow Per Share	1.39	1.06	0.71	1.88	0.86	1.15
Dividend Per Share	0.563	0.547	0.463	0.460	0.205	0.155
Dividend Growth	-31.74%	18.31%	0.65%	124.68%	32.26%	76.20%
Gross Margin	49.24%	48.38%	48.38%	53.03%	49.07%	49.07%
Operating Margin	12.27%	12.59%	18.18%	22.25%	14.43%	10.74%
Profit Margin	10.81%	11.55%	15.75%	17.77%	11.75%	10.81%
Free Cash Flow Margin	12.81%	10.00%	7.24%	21.11%	15.01%	20.67%
EBITDA	4,583	4,573	5,505	5,679	2,645	1,928
EBITDA Margin	16.41%	16.57%	21.33%	25.16%	18.29%	13.90%
D&A For EBITDA	1,156	1,098	813.6	656.71	558.96	439.13
EBIT	3,427	3,475	4,691	5,023	2,086	1,489
EBIT Margin	12.27%	12.59%	18.18%	22.25%	14.43%	10.74%
Effective Tax Rate	25.83%	25.12%	24.95%	24.72%	24.44%	19.25%

Source: S&P Capital IQ. Standard template. Financial Sources.