Revenue by Geography

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012
PRC Market - Northern Region Revenue	13.83B	13.64B	13.01B
PRC Market - Northern Region Revenue Growth	1.42%	4.86%	8.51%
PRC Market - Southern Region Revenue (Post-FY2019)	14.78B	14.50B	14.06B
PRC Market - Southern Region Revenue (Post-FY2019) Growth	1.91%	3.17%	5.24%
Other Regions Revenue	532.61M	530.85M	531.60M
Other Regions Revenue Growth	0.33%	-0.14%	16.63%

Revenue Breakdown

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012
Other Regions Revenue	532.61M	530.85M	531.60M
Other Regions Revenue Growth	0.33%	-0.14%	16.63%
Sales to Franchised Distributors Revenue	13.25B	12.96B	12.63B
Sales to Franchised Distributors Revenue Growth	2.26%	2.60%	0.61%
Sales from Direct Operation Revenue	6.76B	6.88B	6.91B
Sales from Direct Operation Revenue Growth	-1.74%	-0.35%	29.59%
Sales from E-commerce Channel Revenue	8.60B	8.30B	7.53B
Sales from E-commerce Channel Revenue Growth	3.56%	10.27%	0.89%

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012
Footwear Revenue	14.69B	14.30B	13.39B
Footwear Revenue Growth	2.70%	6.81%	-0.66%
Apparel Revenue	11.87B	12.05B	12.41B
Apparel Revenue Growth	-1.51%	-2.90%	15.90%
Equipment and Accessories Revenue	2.59B	2.33B	1.80B
Equipment and Accessories Revenue Growth	11.50%	29.27%	11.29%

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012
Franchised Stores	4.82K	4.82K	4.74K
Franchised Stores Growth	0.02%	1.65%	-2.53%
Directly-Operated Retail Stores	1.28K	1.30K	1.50K
Directly-Operated Retail Stores Growth	-1.47%	-13.42%	4.75%
LI-NING YOUNG Stores	1.44K	1.47K	1.43K
LI-NING YOUNG Stores Growth	-2.25%	2.80%	9.17%
Total Number of Stores	7.53K	7.59K	7.67K
Total Number of Stores Growth	-0.67%	-1.08%	0.85%

Updated Jun 30, 2025. Data Source: Fiscal.ai.