智通财经APP获悉，李宁(02331)再涨超4%，截至发稿，涨3.82%，报21.18港元，成交额3.38亿港元。
消息面上，李宁发布公告，2025年第四季度，李宁销售点（不包括李宁YOUNG）于整个平台的零售流水按年录得低单位数下降。国信证券发布研报称，第四季度李宁大货流水下降低单位数，较第三季度环比收窄，主要受益于线下渠道降幅收窄；折扣同环比加深低单位数，库销比改善至4-5个月。
摩根士丹利发布研报称，李宁预期2025年营收将实现温和增长，净利率预计稳定在高单位数的高位，意味市场对其去年净利润的共识预期将上调。浦银国际认为，在当下较强的市场情绪下，一旦李宁品牌力回升，以及流水改善出现较为明确的趋势，其股价有望获得较大的上升动力。
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