Li Ning Company Limited (LNNGY)

Li Ning Company Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	29,147	28,676	27,598	25,803	22,572	14,457
Revenue Growth (YoY)	4.38%	3.90%	6.96%	14.31%	56.13%	4.23%
Cost of Revenue	14,812	14,520	14,246	13,319	10,603	7,363
Gross Profit	14,335	14,156	13,352	12,485	11,969	7,094
Selling, General & Admin	10,689	10,627	10,336	8,428	7,246	5,230
Other Operating Expenses	-445.8	-429.29	-438.52	-610.79	-279.98	-252.96
Operating Expenses	10,242	10,206	9,877	7,794	6,947	5,009
Operating Income	4,093	3,950	3,475	4,691	5,023	2,086
Interest Expense	-149.28	-155.17	-160.49	-102.43	-64.45	-53.97
Interest & Investment Income	402.28	429.53	476.74	353.99	145.1	34.62
Earnings From Equity Investments	279.16	256.3	377.97	201.16	159.22	83.49
Currency Exchange Gain (Loss)	-117.37	-73.89	23.82	93.76	-30.46	0.04
Other Non Operating Income (Expenses)	-23.17	-21.93	-21.91	-16.93	-21.77	-10.89
EBT Excluding Unusual Items	4,484	4,385	4,171	5,221	5,210	2,139
Merger & Restructuring Charges	-	-	-	-	-2.32	-
Gain (Loss) on Sale of Investments	57.86	58.28	85.15	194.38	120.37	108.91
Asset Writedown	-439.31	-333.37	-	-	-	-
Pretax Income	4,103	4,110	4,256	5,415	5,328	2,248
Income Tax Expense	1,305	1,097	1,069	1,351	1,317	549.38
Earnings From Continuing Operations	2,798	3,013	3,187	4,064	4,011	1,698
Net Income to Company	2,798	3,013	3,187	4,064	4,011	1,698
Minority Interest in Earnings	-	-	-0.05	0.06	-0.01	-
Net Income	2,798	3,013	3,187	4,064	4,011	1,698
Net Income to Common	2,798	3,013	3,187	4,064	4,011	1,698
Net Income Growth	-7.27%	-5.46%	-21.58%	1.32%	136.15%	13.30%
Shares Outstanding (Basic)	2,576	2,576	2,586	2,615	2,505	2,454
Shares Outstanding (Diluted)	2,586	2,586	2,598	2,633	2,539	2,512
Shares Change (YoY)	0.58%	-0.48%	-1.33%	3.71%	1.08%	0.75%
EPS (Basic)	1.09	1.17	1.23	1.55	1.60	0.69
EPS (Diluted)	1.08	1.17	1.23	1.54	1.58	0.68
EPS Growth	-7.80%	-5.01%	-20.53%	-2.30%	133.62%	12.46%
Free Cash Flow	-	3,837	2,761	1,869	4,765	2,169
Free Cash Flow Per Share	-	1.48	1.06	0.71	1.88	0.86
Dividend Per Share	0.543	0.585	0.547	0.463	0.460	0.205
Dividend Growth	-3.50%	6.83%	18.31%	0.65%	124.68%	32.26%
Gross Margin	49.18%	49.37%	48.38%	48.38%	53.03%	49.07%
Operating Margin	14.04%	13.77%	12.59%	18.18%	22.25%	14.43%
Profit Margin	9.60%	10.51%	11.55%	15.75%	17.77%	11.75%
Free Cash Flow Margin	-	13.38%	10.00%	7.24%	21.11%	15.01%
EBITDA	5,356	5,153	4,573	5,505	5,679	2,645
EBITDA Margin	18.38%	17.97%	16.57%	21.33%	25.16%	18.29%
D&A For EBITDA	1,263	1,204	1,098	813.6	656.71	558.96
EBIT	4,093	3,950	3,475	4,691	5,023	2,086
EBIT Margin	14.04%	13.77%	12.59%	18.18%	22.25%	14.43%
Effective Tax Rate	31.80%	26.69%	25.12%	24.95%	24.72%	24.44%

Updated Sep 4, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.