On the evening of March 19, 2026, LI NING (02331) released its 2025 financial results. For the full year 2025, the company's revenue reached RMB 295.98 billion, representing a year-on-year increase of 3.2%. Gross profit amounted to RMB 144.89 billion, up 2.4% compared to the previous year. Net profit attributable to equity holders was RMB 29.36 billion, resulting in a net profit margin of 9.9%. Net cash increased by RMB 18.10 billion year-on-year to RMB 199.74 billion. The overall performance was in line with market expectations.

The board of directors has proposed a final dividend of RMB 23.36 cents per ordinary share for the year ended December 31, 2025. Combined with the interim dividend of RMB 33.59 cents per ordinary share paid in September 2025, the total annual dividend for the year ended December 31, 2025, will be RMB 56.95 cents per ordinary share. The full-year dividend payout ratio was 50%.