Below are the financial statements of Li Ning, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of CNY | 2024 | 2023 |
|---|---|---|
| Revenue | 28,675.64a | 27,598.49a |
| Cost of sales | -14,519.54a | -14,246.44a |
| Gross profit | 14,156.1a | 13,352.06a |
| Selling and distribution expenses | -9,198.91a | -9,080.12a |
| Administrative expenses | -1,427.91a | -1,256.15a |
| (Provision for)/reversal of expected credit loss allowance for financial assets - net | -5.27a | 19.64a |
| Other income and other gains - net | 154.19a | 523.67a |
| Operating profit | 3,678.21a | 3,559.09a |
| Finance income | 429.53a | 500.56a |
| Finance expenses | -254.42a | -181.45a |
| Finance income - net | 175.1a | 319.11a |
| Share of profit of investments accounted for using the equity method | 256.3a | 377.97a |
| Profit before income tax | 4,109.61a | 4,256.17a |
| Income tax expense | -1,096.69a | -1,069.21a |
| Profit for the year | 3,012.92a | 3,186.96a |
| Profit is attributable to | — | — |
| Equity holders of the company | 3,012.92a | 3,186.91a |
| Non-controlling interests | 0a | 0.05a |
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