LI NING (02331) saw its shares climb more than 4% again, rising 4.12% to HK$22.76 at the time of writing, with a trading volume of HK$244 million. The movement follows the company's recent release of its annual results, which showed full-year revenue reaching RMB 29.598 billion, a year-on-year increase of 3.2%, and net profit attributable to shareholders of RMB 2.936 billion.

PU Bank International noted that LI NING has set a full-year performance target for 2026, aiming for high-single-digit revenue growth and a high-single-digit net profit margin. While achieving the 2026 revenue growth target presents challenges, it is considered reasonable. The institution highlighted that LI NING's profit margin performance demonstrates significant flexibility, which could potentially lead to better-than-expected profitability.

Shenwan Hongyuan Group released a research report stating that LI NING's effective cost control contributed to profits exceeding expectations. As a representative of domestic trends, the company sponsors the Chinese Olympic Committee, strengthening its brand momentum. In 2026, LI NING plans to expand its Dragon Store and Gold Label product series. Running products have maintained strong growth over recent years and are currently the largest product category. Building on its racing product matrix, the company will further enhance its cushioning product lineup in 2026.