Li Ning Company Limited (HKG:2331)

Li Ning Company Revenue

Li Ning Company had revenue of 15.24B CNY in the half year ending June 30, 2026, with 6.20% growth. This brings the company's total for the last twelve months to 30.02B, up 2.98% year-over-year. In the year 2025, Li Ning Company had annual revenue of 29.60B with 3.22% growth. That makes Li Ning Company the 2,879th largest company in the world by revenue and 189th in Hong Kong.

• Revenue (ttm): 30.02B CNY
• Revenue Growth: +2.98%
• P/S Ratio: 1.03
• Revenue / Employee: 5.75M CNY
• Employees: 5,218
• Market Cap: 35.72B HKD

Revenue Chart

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* This company reports financials in CNY.

Revenue by Segment

By Segment

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• Sales to Franchised Distributors 13.77B 46.5%
• Sales from E-commerce Channel 8.74B 29.5%
• Sales from Direct Operation 6.65B 22.5%
• Other Regions 427.08M 1.4%

By Geography

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• PRC Market - Southern Region 15.18B 51.3%
• PRC Market - Northern Region 13.99B 47.3%
• Other Regions 427.08M 1.4%

Fiscal year ended Dec 31, 2025 See the full Li Ning Company breakdown

Revenue History

Fiscal Year End	Revenue	Change	Growth
Dec 31, 2025	29.60B	922.77M	3.22%
Dec 31, 2024	28.68B	1.08B	3.90%
Dec 31, 2023	27.60B	1.80B	6.96%
Dec 31, 2022	25.80B	3.23B	14.31%
Dec 31, 2021	22.57B	8.12B	56.13%

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Sep 9, 2026

Revenue data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company. Revenue segment and geography data is provided by Fiscal.ai.

Update frequency:

Semi-annually

Last checked:

Nov 1, 2026

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