March 31, 2011

Li Ning says Q3 2011 order value falls 8 pct yr/yr

March 31 - Chinese sporting goods distributor Li Ning Company Ltd said late on Wednesday its orders for delivery in the third quarter of 2011 fell 8 percent in terms of value from the same period a year ago.

Tan Wee Seng, former gymnast and current CFO of Li Ning Group sporting goods company.

Li Ning said order volume for the quarter slumped 17 percent year-on-year for both footwear and apparel products but that average selling prices increased about 17 percent.

The homegrown sports brand earlier this month projected order growth would decline in the third and fourth quarters compared to the previous two quarters, but saw a slight improvement in store sales for 2011.

Rivals ANTA Sports Products Ltd and Peak Sport Products Co Ltd earlier this year recorded about 20 percent rises in third quarter order book value.

Li Ning shares were down about 22 percent so far this year as of early Thursday morning, versus a 2 percent rise in the broader market .

Li Ning

archives Li Ning

5/17/12
Olympic Games: brands in the line of fire on Twitter and Facebook
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3/5/12
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10/27/11
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8/25/11
Li Ning sees challenges from competition, rising cost
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8/8/11
Anta H1 profit beats forecast, stocks trim loss
...brand Li Ning Group and foreign brands Adidas and Nike, posted a net profit of 927.3 million yuan ($143.9 million). That compared with 760.23 million yuan profit in the year-earlier period, and beat an average...
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7/21/11
Adidas confident of meeting 2011 guidance
...rival Li Ning flagged high raw material costs this month, saying they would hurt profit margins. Like Adidas, market leader Nike and Puma have all announced price rises to negate the impact of higher costs and...
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7/15/11
China fashion market to surpass $201 bln by 2020
...AG and Li Ning who entered the market early and now have thousands of retail outlets spread across the country. However, that could change as consumers across cities "trade up" and become more...
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7/13/11
Big-name brands sourcing from polluting China firms
...China's Li Ning were among the global names identified following a year-long investigation that focused on two major Chinese suppliers, the Youngor Textile Complex in Ningbo on the Yangtze River Delta and the...
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5/26/11
Belle says Q1 store sales grows, sees pressure on costs
...Reebok, Li-Ning Co Ltd and Mizuno brand sport shoes. Belle, which said its gross profit margin increased to 55.7 percent in 2010 from 53.3 percent in 2009, recorded same-store footwear sales growth of 16.5 percent...
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5/25/11
Li Ning shares at 3-week low as key execs depart
...brand Li Ning Co Ltd said three key executives had resigned, deepening concerns about its business prospects and sending its shares to their lowest in three weeks.
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4/21/11
Gold to rise to $1,700 in 2015
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3/23/11
Belle H2 net up 34 pct, match forecast; sees rising cost
...Reebok, Li-Ning Co Ltd and Mizuno sportshoes. Belle, China's largest shoe retailer with more than 10,000 outlets in China, said it faced a shortage of labour and rising wages as rural workers are less...
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3/17/11
Li Ning sees slower orders growth, eyes more stores
...brand Li Ning Company Ltd expects its projected order growth to be lower in the third and fourth quarters this year compared to the previous two quarters, but slight improvement is expected in store sales for 2011.
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2/23/11
China Anta says Q3 2011 order book value up 20 pct
...competes with Li Ning Co Ltd, China Dongxiang Group Co Ltd and Xtep International Holdings Ltd, recorded on Monday a 24 percent rise in 2010 profit, slightly above the street view. (Reporting by Donny Kwok;...
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2/16/11
Li Ning goes large in Europe
...Li-Ning has just signed a long-term contract with Finnish group L-Fashion (Luhta, Rukka, Icepeak) for the distribtuion of its brand in 9 European countries. The Chinese company aims to develop particularly in...
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1/17/11
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11/23/10
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6/25/10
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6/2/10
Anta Sports says fourth quarter orders up 25 percent; shares jump
...competes with Li Ning Co (2331.HK), China Dongxiang (3818.HK) and Xtep International (1368.HK), said it planned to roll out a series of marketing campaigns in the fourth quarter ahead of the Asian Games. Shares of...
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3/18/10
Li Ning says January and February store sales up, third quarter...
...brand Li Ning Co Ltd said its same stores sales grew 6.5 percent in first two months of 2010 and it aims to achieve 10 percent growth for whole of 2010 as the sports goods industry continues to recover.
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