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<Research>CLSA: LI NING Growth Slows in 2Q25; Heavier Earnings Pressure Expected in 2H
CLSA has issued a research report estimating LI NING (02331.HK)'s 2Q25 retail sales to grow by only about 1% YoY, indicating a slowdown compared to 1Q. It is in line with marke...
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<Research>CLSA: LI NING Growth Slows in 2Q25; Heavier Earnings Pressure Expected in 2H
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CLSA has issued a research report estimating LI NING (02331.HK)  +0.080 (+0.501%)    Short selling $43.50M; Ratio 18.986%   's 2Q25 retail sales to grow by only about 1% YoY, indicating a slowdown compared to 1Q. It is in line with market expectations but below the company's internal targets.

During the period, LI NING's online sales recorded a mid-single-digit increase, outperforming offline channels which saw a low-single-digit decline. That said, its performance during the 618 shopping festival was still lackluster.

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CLSA maintained a Hold rating on LI NING with a target price of HKD16.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-17 12:25.)

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