Li Ning Expenses May Increase in 2026 -- Market Talk
Dow Jones03-20 10:12
0212 GMT - Li Ning's store-related expenses may increase on year in 2026, due to its possible opening of more direct retail stores, Citi analysts Xiaopo Wei says in a note. The analyst notes that the Chinese sportswear-apparel company's 2025 net was 9% above consensus due lower-than-expected selling costs. The company's balance sheet remains strong with a net cash of CNY20 billion as at end-2025. Citi points to the increase in cash conversion cycle by two days on year to 37 days. Citi has a buy rating on its shares, which are up 8.8%. (venkat.pr@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 22:12 ET (02:12 GMT)
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