Goldman Sachs has issued a research report lowering its 2025-27 net profit forecasts for LI NING (02331.HK) +0.080 (+0.522%) Short selling $32.69M; Ratio 13.294% by 4-7% to reflect the maintenance of sales forecasts, along with a higher advertising and promotion ratio and lower non-operating income.The broker chopped its target price for LI NING to $14.5 from $14.8 and kept the rating as Neutral.The report also mentioned that LI NING released its 1Q25 business update after the market closed on April 28. Its retail sales saw a low single-digit YoY growth, which was in line with expectations but lagged behind ANTA SPORTS (02020.HK) +0.650 (+0.697%) Short selling $196.00M; Ratio 24.301% and its Fila brand, as well as XTEP INT'L (01368.HK) +0.060 (+1.097%) Short selling $13.32M; Ratio 18.006% 's core brand, both of which posted mid- to high single-digit growth. However, LI NING outpaced POU SHENG INT'L (03813.HK) 0.000 (0.000%) , which recorded a 3% YoY decline.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-07 16:25.)