Li Ning Company Limited (LNNGY)

Li Ning Company Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	28,676	27,598	25,803	22,572	14,457
Revenue Growth (YoY)	3.90%	6.96%	14.31%	56.13%	4.23%
Cost of Revenue	14,520	14,246	13,319	10,603	7,363
Gross Profit	14,156	13,352	12,485	11,969	7,094
Selling, General & Admin	10,627	10,336	8,428	7,246	5,230
Other Operating Expenses	-429.29	-438.52	-610.79	-279.98	-252.96
Operating Expenses	10,206	9,877	7,794	6,947	5,009
Operating Income	3,950	3,475	4,691	5,023	2,086
Interest Expense	-155.17	-160.49	-102.43	-64.45	-53.97
Interest & Investment Income	429.53	476.74	353.99	145.1	34.62
Earnings From Equity Investments	256.3	377.97	201.16	159.22	83.49
Currency Exchange Gain (Loss)	-73.89	23.82	93.76	-30.46	0.04
Other Non Operating Income (Expenses)	-21.93	-21.91	-16.93	-21.77	-10.89
EBT Excluding Unusual Items	4,385	4,171	5,221	5,210	2,139
Merger & Restructuring Charges	-	-	-	-2.32	-
Gain (Loss) on Sale of Investments	58.28	85.15	194.38	120.37	108.91
Asset Writedown	-333.37	-	-	-	-
Pretax Income	4,110	4,256	5,415	5,328	2,248
Income Tax Expense	1,097	1,069	1,351	1,317	549.38
Earnings From Continuing Operations	3,013	3,187	4,064	4,011	1,698
Net Income to Company	3,013	3,187	4,064	4,011	1,698
Minority Interest in Earnings	-	-0.05	0.06	-0.01	-
Net Income	3,013	3,187	4,064	4,011	1,698
Net Income to Common	3,013	3,187	4,064	4,011	1,698
Net Income Growth	-5.46%	-21.58%	1.32%	136.15%	13.30%
Shares Outstanding (Basic)	2,576	2,586	2,615	2,505	2,454
Shares Outstanding (Diluted)	2,586	2,598	2,633	2,539	2,512
Shares Change (YoY)	-0.48%	-1.33%	3.71%	1.08%	0.75%
EPS (Basic)	1.17	1.23	1.55	1.60	0.69
EPS (Diluted)	1.17	1.23	1.54	1.58	0.68
EPS Growth	-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	0.585	0.547	0.463	0.460	0.205
Dividend Growth	6.83%	18.31%	0.65%	124.68%	32.26%
Gross Margin	49.37%	48.38%	48.38%	53.03%	49.07%
Operating Margin	13.77%	12.59%	18.18%	22.25%	14.43%
Profit Margin	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	5,153	4,573	5,505	5,679	2,645
EBITDA Margin	17.97%	16.57%	21.33%	25.16%	18.29%
D&A For EBITDA	1,204	1,098	813.6	656.71	558.96
EBIT	3,950	3,475	4,691	5,023	2,086
EBIT Margin	13.77%	12.59%	18.18%	22.25%	14.43%
Effective Tax Rate	26.69%	25.12%	24.95%	24.72%	24.44%

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