Li Ning Company Limited (02331.HK) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	59.0B	29.6B	28.7B	27.6B	25.8B
Cost of Revenue	29.9B	15.1B	14.5B	14.2B	13.3B
Gross Profit	29.1B	14.5B	14.2B	13.4B	12.5B
Operating Expenses
R&D Expense	747.1M	702.2M	732.9M	618.2M	534.2M
SG&A Expense	21.4B	10.8B	10.6B	10.3B	8.4B
General & Admin Expense	2.4B	1.6B	1.4B	1.3B	1.1B
Selling & Marketing Expense	13.8B	9.2B	9.2B	9.1B	7.3B
Other Expenses	(576.3M)	(928.4M)	(148.9M)	(1.2B)	(1.4B)
Total Operating Expenses	21.5B	10.6B	10.5B	9.8B	7.6B
Cost and Expenses	51.4B	25.7B	25.0B	24.0B	20.9B
Operating Income (EBIT)	7.5B	3.9B	3.7B	3.6B	4.9B
Non-Operating
Interest Income	767.9M	296.7M	429.5M	476.7M	354.0M
Interest Expense	340.3M	128.8M	155.2M	181.4M	102.4M
Net Interest Income	402.3M	167.9M	274.4M	295.3M	251.6M
Other Non-Op Income/Expense	576.5M	291.0M	431.4M	697.1M	528.3M
Non-Operating Income (excl Interest)	(822.1M)	(217.9M)	(586.6M)	(857.6M)	(630.8M)
EBT (Pre-Tax Income)	8.1B	4.2B	4.1B	4.3B	5.4B
Income Tax Expense	2.3B	1.3B	1.1B	1.1B	1.4B
Bottom Line
Net Income	5.8B	2.9B	3.0B	3.2B	4.1B
Earnings from Cont. Ops	5.8B	2.9B	3.0B	3.2B	4.1B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	5.8B	2.9B	3.0B	3.2B	4.1B
Per Share
Basic EPS	HK$2.23	HK$1.14	HK$1.17	HK$1.23	HK$1.55
Diluted EPS	HK$2.23	HK$1.14	HK$1.17	HK$1.23	HK$1.54
Revenue Per Share	HK$22.85	HK$11.45	HK$11.13	HK$10.67	HK$9.87
Shares
Basic Shares Outstanding	2.6B	2.6B	2.6B	2.6B	2.6B
Diluted Shares Outstanding	2.6B	2.6B	2.6B	2.6B	2.6B
Profitability Metrics
EBITDA	11.1B	5.0B	6.1B	6.3B	7.0B
D&A	2.8B	834.1M	1.9B	1.9B	1.5B
EBIT	8.3B	4.1B	4.3B	4.4B	5.5B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026