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Performance | Lilliput Stocks Profit Growth of 9% Last Year, Special Dividend of 16 Cents Declared
Li Ning (01234) announced its full-year results for the year ending last year, with a shareholder profit of 502 million yuan (RMB), an increase of 8.96% year-on-year. Basic earnings per share were 41.96 cents.
The group plans to pay a final dividend of 13 Hong Kong cents per share, up 44.44% year-on-year, along with a special final dividend of 3 Hong Kong cents, totaling 16 Hong Kong cents.
During the period, revenue was 4.07 billion yuan, up 11.5% year-on-year. Gross profit margin was 49.6%, an increase of 1.9 percentage points. The average inventory turnover days increased by 43 days to 226 days.
As of the end of last year, Li Ning China had 2,817 stores, a net increase of 44 stores during the year. The number of main series franchise stores and directly operated stores reached 983 and 92, respectively.