LI NING (02331) · Company profile · Eqvero

LI NING

02331HKEX

Unit: CNY	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	29.6 bn CNY	28.68 bn CNY	27.6 bn CNY	25.8 bn CNY	22.57 bn CNY
Cost of revenue	13.73 bn CNY	12.66 bn CNY	12.35 bn CNY	11.86 bn CNY	9.46 bn CNY
Research and development expense	702.17 m CNY	675.96 m CNY	618.18 m CNY	534.16 m CNY	413.95 m CNY
Selling, general and administrative expense	10.82 bn CNY	10.63 bn CNY	10.34 bn CNY	8.43 bn CNY	7.25 bn CNY
Operating profit after depreciation	4.12 bn CNY	3.95 bn CNY	3.47 bn CNY	4.69 bn CNY	5.02 bn CNY
Operating profit before depreciation	5.49 bn CNY	5.81 bn CNY	5.37 bn CNY	6.14 bn CNY	6.16 bn CNY
EBIT	4.12 bn CNY	3.95 bn CNY	3.47 bn CNY	4.69 bn CNY	5.02 bn CNY
EBITDA	5.49 bn CNY	5.81 bn CNY	5.37 bn CNY	6.14 bn CNY	6.16 bn CNY
Interest expense	128.85 m CNY	155.17 m CNY	160.49 m CNY	102.43 m CNY	64.45 m CNY
Profit before tax	4.19 bn CNY	4.11 bn CNY	4.26 bn CNY	5.42 bn CNY	5.33 bn CNY
Income tax expense	1.25 bn CNY	1.1 bn CNY	1.07 bn CNY	1.35 bn CNY	1.32 bn CNY
Income before extraordinary items	2.94 bn CNY	3.01 bn CNY	3.19 bn CNY	4.06 bn CNY	4.01 bn CNY
Common dividends	1.47 bn CNY	1.51 bn CNY	1.43 bn CNY	1.22 bn CNY	1.2 bn CNY
Total dividends	1.47 bn CNY	1.51 bn CNY	1.43 bn CNY	1.22 bn CNY	1.2 bn CNY

Quotes are end-of-day data. Content is for research purposes and is not investment advice.