Li Ning, A Listed Company, Announced Its Operation In The First Quarter Of 2025

On April 28, Li Ning Co., Ltd. released the latest operating status (unaudited) of the quarter of * * * in 2025. According to the announcement, it is shown as follows:

Retail performance

As of the * * * quarter ending March 31, 2025, the retail flow of Li Ning outlets (excluding Li Ning YOUNG) on the entire platform recorded a low unit growth year by year. In terms of channels, offline channels (including retail and wholesale) recorded low unit growth, of which retail (direct operation) channels recorded low unit growth, and wholesale (franchised dealers) channels recorded low unit growth; E-commerce virtual store business recorded a low growth of 10% - 20%.

Number of outlets

As of March 31, 2025, there were 6088 outlets in the Chinese market (excluding Li Ning YOUNG), with a net decrease of 29 so far this year. Of the 29 points of sale with a net decrease, the retail business decreased by 6 and the wholesale business decreased by 23.

As of March 31, 2025, there were 1453 outlets in the Chinese market, with a net decrease of 15 so far this year.