On the morning of March 17, Li-Ning Co. Ltd. (Li-Ning), a Chinese sportswear giant listed in Hong Kong (HK: 02331), released its full-year results for 2022. Due to the impact of the COVID-19 pandemic and a significant increase in raw material costs, the business environment faced some challenges throughout the year. Sales revenue rose by 14.3% to CNY 25.803 billion, a slower growth rate than in 2021 (+56%). The gross profit margin decreased by 4.6 percentage points to 48.4%, and the net profit attributable to equity holders slightly increased to CNY 4.064 billion, with a net profit ma …
