BUZZ-Li Ning set for biggest rise in 1-1/2 years on results beat, higher dividend

Reuters
03/20
BUZZ-<a href="https://laohu8.com/S/LNNGF">Li Ning</a> set for biggest rise in 1-1/2 years on results beat, higher dividend

** Shares of China home grown sportswear group Li Ning 2331.HK jump 13.3% to HK$22.38, on track for biggest one-day pct gain since September 2024

** Stock hit the highest point since March 2, on course to snap two sessions of gains; stock top pct gainer in Hang Seng Index .HSI, which is up 0.2%

** Li Ning posted a 3.2% rise in 2025 revenue to 29.6 bln yuan ($4.30 bln) but a 2.6% drop in net profit

** Co proposes a final dividend of 0.2336 yuan per share vs 2024's 0.2073 yuan

** Nomura, with "neutral" rating on the stock, says FY25 results a marginal beat

** YTD, stock up 18.5%

($1 = 6.8846 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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