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CICC: LI NING (02331.HK) 1Q26 New Product Series Perform Strongly; Maintains TP at HKD27.5
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CICC issued a research report stating that LI NING (02331.HK) announced its operating performance for 1Q26. Retail sell-through of the LI NING brand (excluding LI NING YOUNG) across all platforms recorded mid-single-digit YoY growth, while the number of retail points decreased by a net 16 in the single quarter.

The broker maintained its EPS forecasts for this year and next year at HKD1.19 and HKD1.31, respectively. It reiterated its Outperform rating and kept its TP at HKD27.5, corresponding to 20x 2026 price-to-earnings ratio, implying 33.5% upside from the current level. (hc/a)

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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.
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