李宁（02331.HK）今日盘中大涨5.25%，引发市场关注。这一显著涨幅紧随公司发布2025年中期业绩报告之后。
根据李宁公布的财报，公司2025年上半年实现收入148.17亿元人民币，同比增长3.3%。尽管净利润为17.37亿元，同比下降10.99%，但公司在电商渠道和特许经销商业务方面表现亮眼。电商渠道收入同比增长7.4%，成为公司收入增长的主要动力；特许经销商收入同比增长4.4%，占总收入的比重进一步提升至46.5%。
分析人士指出，尽管面临整体经济环境的压力，李宁通过优化渠道结构和加强电商布局，展现出良好的业务韧性。公司表示将继续聚焦专业运动定位，持续投入品牌建设和产品研发，这一战略方向获得了投资者的认可。市场普遍认为，李宁在专业运动领域的持续深耕，加上其在电商领域的强劲表现，为公司未来增长奠定了坚实基础，这也是推动股价上涨的重要因素。
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