Li Ning sell-through hits high-eighties

Business | Staff reporter 20 Apr 2021

Chinese sportswear maker Li Ning (2331) said retail sell-through percentage of Li-Ning point-of-sales, excluding Li-Ning Young, for the overall platform increased by the high-eighties on a year-on-year basis.

In terms of channels, its offline channel registered growth in the low eighties. Its retail channel increased in low-nineties and its wholesale rose by low-eighties, and the e-commerce virtual stores business registered around 100 percent growth.

As of March 31, the total number of Li-Ning point-of-sales, excluding Li-Ning Young, in China amounted to 5,784, representing a net decrease of 128 POS since the beginning of this year. The total number of Li-Ning Young POS in China amounted to 1,015, representing a net decrease of six POS since the beginning of this year.

Meanwhile, telecommunications tower infrastructure service provider China Tower's (0788) net profit in the first quarter rose 16.7 percent year-on-year to 1.69 billion yuan (HK$2.02 billion). Operating revenue was 21.15 billion yuan, up 7.4 percent over the same period last year.

Earnings before interest, tax, depreciation and amortization, was 15.55 billion yuan.



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