Lining Released Earnings Preview, Net Profit Rose 160% In The First Half Of 2019.

Early in June 25th, Hong Kong stock listed company Lining (02331) issued Earnings Preview announcement. The announcement said that in the six months ended June 30, 2019, the net profit of Li Ning Co increased by less than 440 million yuan compared with 269 million yuan in the same period last year, an increase of over 160% over the same period last year.

Li Ning Co said there were two main reasons for the group's performance improvement:

(1) compared with the same period last year, the increase in profits from continuing operations is no less than 240 million yuan or 90% yuan. The increase in net operating profit is due to the increase in revenue by more than 30% and the continuous improvement in operating margins.

(2) one-time non operating profit (mainly from investment income) is no less than RMB 200 million yuan, due to a large increase in non operating profits of affiliates and other non operating special projects.

Affected by this good news, Lining shares rose nearly 20% before the stock market. Today, Lining's share price opened at 17.50 Hong Kong dollars. As of the lazy bear sports dispatch, Lining's stock price was HK $17.72.

And Li Ning Co's affiliated companies and Hong Kong stock listed companies are outstanding in China (08032). When it comes to lazy bear sports, the price of the extraordinary China rose 10% to 0.55 Hong Kong dollars.

At 4:30 p.m. in Paris time on June 22nd, Lining's 2020 spring and summer series was released in Paris. This is also the second time that Lining brand has entered Paris fashion week, and Lining has been landing in the international fashion week for four seasons. And Lining at this point in time to release Earnings Preview, apparently prepared.

In recent years, Lining's fashion series "China Lining" has continuously expanded the global sales network, has entered a series of high-end buyer shops and selected shoes shops, including: KITH, SSENSE, LN-CC, Slam Jam, Oki-Ni, Selfridges and END Clothing. Author: Wan Yu Xin