李宁(02331)发布公告，将于2025年9月5日派发截至2025年6月30日止六个月的中期股息每股0.3359元人 民币。 ...

EF001 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 其他信息 不適用 發行人董事 於本公告日期，本公司的執行董事為李寧先生、高坂武史先生和李麒麟先生；本公司的獨立非執行董事為顧福身先生、王亞非女 士、陳振彬博士和王雅娟女士。 第 2 頁 共 2 頁 v 1.1.1 EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 李寧有限公司 | | 股份代號 | 02331 | | 多櫃檯股份代號及貨幣 | 82331 RMB | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年6月30日止六個月的中期股息 | | 公告日期 | 2025年8月21日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 LI NING COMPANY LIMITED 李寧有限公司 股份代號：2331（港幣櫃台）及 82331（人民幣櫃台） （於開曼群島註冊成立之有限公司） 截至2025年6月30日止六個月之 中期業績公告 財務業績摘要 經營業績摘要 - 1 - • 上半年，本集團錄得以下經營成果： – 收入上升3.3%至148.17億元人民幣；毛利率下降0.4個百分點至50% – 經營現金淨流入為24.11億元人民幣 – 權益持有人應佔淨溢利為17.37億元人民幣，淨利率為11.7%，息稅前利潤加折 舊及攤銷率為23.7% • 運營資金保持健康水平： – 平均運營資金總額佔收入比為7.3% – 現金循環週期與去年同期持平為31天 • 董事會決議宣派截至2025年6月30日止六個月之中期股息每股已發行、或於可換股 證券轉換後將予發行的本公司普通股33.59分人民幣。 • 整體零售流水（包括線上及線下）同比增長低單位數。 ...

"荷元素是盛夏最佳情感纽带，尤其在此刻，"王宁点出"荷塘经济"内核，"它不仅唤起本地居民文化认 同，更精准契合外地游客对杭州的经典想象，创造强烈情感连接。"西湖标志性意象"荷"，凭借其鲜明 的季节性，天然赋予"夏日限定"产品稀缺感与新鲜感，成为刺激尝鲜消费的黄金触点。 比如星必点咖啡店将荷花元素融入咖啡，推出了荷花拿铁；来日可期·国风下午茶店则带来了清新的荷 花糕；莲禾塘·鲜莲工坊店围绕健康与创意，推出了"荷必焦虑"健身轻饮、青莲龙井，还有颇具巧思的 珠峰雪莲冰激凌；湛碧楼西湖湖景餐厅更结合西湖意境，推出了"曲苑风荷"新菜品——杭州有不少商家 深挖"荷"内涵，通过视觉、味觉、嗅觉多维度创新提升产品价值。 "荷"元素自带的高颜值与文化辨识度，天然契合社交传播需求，消费者自发分享为品牌注入巨大流量。 在业内人士看来，杭州餐饮业借势深厚的"荷"文化底蕴，敏锐捕捉时令脉搏，以产品创新与体验升级为 引擎，辅以社交传播的精准助力，成功激活夏日消费市场。"这片源自西湖的'荷塘经济'，传统意象与 现代商业的碰撞交融，不仅释放出可观的经济价值，更在方寸餐桌间，让城市文化软实力化为可感可触 的夏日记忆。" 西湖畔的寄畅興·百年蟹 ...

Core Viewpoint - The article highlights the rising commercial value and popularity of the youth idol group, Times Youth League, as they prepare for their concert series in Shanghai, showcasing their influence in the market through various brand endorsements [6][7]. Group 1: Concert and Popularity - Times Youth League will hold four concerts titled "Crowning Ceremony" in Shanghai from August 20 to 24, attracting significant interest with over 1.85 million people wanting to attend the August 21 show, surpassing 99% of similar events [6]. - The group's popularity has been consistently increasing since their formation in 2019, indicating a strong fanbase and market presence [6]. Group 2: Brand Endorsements - Times Youth League has secured multiple brand endorsements, including partnerships with several A-share listed companies such as Laiyifen (603777.SH), Xiangpiaopiao (603711.SH), and Luluguyuan, as well as Hong Kong-listed Li Ning (02331.HK) and dual-listed Miniso (NYSE:MNSO, 09896.HK) [6][7]. - In April 2023, they became the brand ambassadors for Luluguyuan, followed by becoming the spokesperson for Meco fruit tea in May, and previously for Laiyifen [6][7]. Group 3: Market Movements - Luluguyuan is currently preparing for a listing in Hong Kong, having submitted its application in April 2023, after a previous attempt to list on the A-share market in 2019 [7]. - Li Ning, which has been a market player since its Hong Kong listing in 2004, continues to leverage the group's popularity by appointing them as global ambassadors for its youth sports products [7].

Investment Rating - The report maintains an "Outperform" rating for the textile and apparel industry [5][8]. Core Views - The apparel retail sales growth in July showed a slight decline, with outdoor gear and maternal and infant products being highlighted as key areas for new stock analysis [1][2]. - The textile manufacturing sector is experiencing a rebound, with Vietnam's textile exports accelerating to a growth rate of 16.7% in July, while China's textile exports showed a modest improvement [2][4]. - The report emphasizes the importance of focusing on companies with strong performance in their mid-year reports, particularly those with solid fundamentals and undervalued positions [3][4]. Summary by Sections Market Review - Since August, the textile and apparel sector has performed in line with the broader market, with textile manufacturing outperforming branded apparel, showing increases of 4.2% and 3.4% respectively [1][13]. - Key companies leading the market include Xtep International (+9.4%), Bosideng (+8.5%), and Li Ning (+8.1%) [1][21]. Brand Apparel Insights - In July, apparel retail sales grew by 1.8% year-on-year, with a slight month-on-month decline [1][22]. - E-commerce sales saw a significant rebound, particularly in the sports and outdoor segments, with growth rates of 11% and 26% respectively [1][2]. Textile Manufacturing Insights - Vietnam's textile exports showed a month-on-month acceleration, while China's textile exports remained flat with a year-on-year decline of 0.6% [2][4]. - The report notes that the pricing of cotton has shown slight fluctuations, with a decrease of 0.7% in August [2][4]. New Stock Analysis - The report highlights three new stocks in the outdoor gear and maternal and infant products sectors, all of which are leaders in their respective markets and possess competitive advantages [3][4]. Company Performance Predictions - The report provides earnings forecasts and investment ratings for key companies, all rated as "Outperform," including Anta Sports, Xtep International, and Li Ning, with projected EPS growth for 2025 and 2026 [8][21].

Market Overview - The textile and apparel sector has shown a performance in line with the broader market since August, with textile manufacturing outperforming branded apparel, recording increases of 4.2% and 3.4% respectively [13][19] - Key companies leading the upward trend include Xtep International (+9.4%), Bosideng (+8.5%), and Li Ning (+8.1%) [13][19] Brand Apparel Insights - In July, the retail sales of clothing grew by 1.8% year-on-year, reflecting a slight deceleration compared to the previous month [21] - E-commerce sales saw a significant rebound, particularly in outdoor apparel, with growth rates of 26% for outdoor clothing and 11% for sportswear [21][28] - Notable brands with double-digit growth include Descente (+63%), Puma (+41%), and Lululemon (+39%) [21] Textile Manufacturing Insights - Vietnam's textile exports accelerated in July, with a month-on-month growth of 16.7%, while China's textile exports showed a modest increase of 0.5% [2] - The PMI for Vietnam, Indonesia, and India rose by 3.5, 2.3, and 0.7 respectively, indicating improved manufacturing conditions [2] - The cotton prices have shown slight fluctuations, with domestic prices decreasing by 0.7% and international prices increasing by 1.8% since August [2] Company Performance and Forecasts - Non-sport apparel brands have generally faced challenges due to macroeconomic conditions, leading to a decline in revenue and increased inventory impairment [4] - Sports apparel brands have maintained robust fundamentals, with management teams optimistic about meeting annual performance targets despite a slowdown in growth [4] - Companies like Shenzhou International and Huayi Group are expected to show significant earnings resilience post the current low point in Q2 and Q3 [4][7] Investment Recommendations - Focus on companies with strong fundamentals and low valuations, particularly those with high performance in mid-year reports [3][7] - Recommended stocks include Anta Sports, Xtep International, and Li Ning for branded apparel, and Shenzhou International and Huayi Group for textile manufacturing [7][8]

Core Insights - The Chinese football shoe market is experiencing significant growth driven by an increase in football participation and favorable policies, with production and sales both thriving [1][9] - Domestic brands are enhancing their R&D efforts and adopting new materials and advanced technologies, enabling them to compete with international brands [1][9] - The market is projected to reach a production volume of 115.86 million pairs and a sales revenue of 15.463 billion yuan in 2024, with further growth expected in 2025 [1][9] Industry Overview - Football shoes are specialized footwear for players, categorized based on the playing surface, including FG, AG, MG, and TF types [2][3] - The domestic market primarily offers MG and TF types, while FG and AG types are less common due to stringent surface requirements [5][9] Market Dynamics - The global football shoe market is also expanding, with a projected production of 233.42 million pairs and a market size of 6.446 billion USD in 2024 [7][9] - In China, the demand for football shoes is largely driven by amateur players, with 59.52 million pairs expected to be sold in 2024, contributing to a market size of approximately 6.708 billion yuan [11][9] Competitive Landscape - The competition in the Chinese football shoe market is characterized by international brands dominating the high-end segment, while domestic brands focus on cost-effectiveness and local market needs [21][26] - Domestic brands are increasingly investing in R&D to improve their product offerings and compete in the mid-range market [26][29] Policy Environment - Recent government policies aim to support the sports industry, including financial backing for sports manufacturing and encouraging participation in outdoor activities [18][20] Future Outlook - The demand for football shoes in China is expected to continue growing, with a structural trend of "amateur dominance and professional follow-up" [29] - Domestic brands are encouraged to enhance their material and design capabilities to penetrate the high-end market effectively [29]

Market Overview - Hong Kong stocks experienced volatility, with the Hang Seng Index closing down 0.21% at 25,122.9 points and a total turnover of 278.2 billion HKD [1] - The Hang Seng China Enterprises Index fell 0.3% to 9,006.23 points, while the Hang Seng Tech Index decreased by 0.67% to 5,542.03 points [1] Blue Chip Performance - China Resources Beer saw a significant increase of 6.24%, closing at 28.28 HKD, contributing 4.24 points to the Hang Seng Index [2] - The company reported a revenue of 23.942 billion RMB, a year-on-year increase of 0.83%, and a net profit attributable to shareholders of 5.789 billion RMB, up 23.04% [2] - Other notable blue chips included Zhongsheng Holdings, which rose 8.29%, and Hansoh Pharmaceutical, which increased by 4.75% [2] Sector Performance - Large tech stocks showed mixed results, with Tencent up 0.94% and Alibaba down 0.25% [3] - AI application stocks performed well, with Zhihu-W rising 23% and Fenbi increasing by nearly 14% [3] - The property management sector was active, with Wanwu Cloud rising 7.19% and Sunac Services increasing by 5.18% [4][5] Earnings Reports - Wanwu Cloud reported a revenue of 18.14 billion RMB, a 3.1% year-on-year increase, and a core net profit of 1.32 billion RMB, up 10.8% [5] - Kancheng Pharmaceutical reported a revenue of 1.569 billion RMB, a 23.7% increase, and a net profit of 498 million RMB, up 24.6% [8] - Li Auto announced a revenue of 24.25 billion RMB, a 174% increase, with a gross margin of 14.1% [9] Notable Stock Movements - Dongfang Zhenxuan experienced a significant drop of 20.89%, closing at 34.32 HKD, following rumors regarding its CEO [12] - Gilead Sciences saw a decline of 15.01% after announcing a share placement and a new share subscription at a discount [13]

8月19日，港股体育用品概念股午后走高。 安踏体育(02020.HK)盘中领涨超4%；特步国际(01368.HK)、李宁(02331.HK)跟涨超3%。 高志丹表示，"十四五"期间，体育产业成为经济发展新亮点。 出台冰雪经济、户外运动等政策，推动 体育产业提质增效，体育产业总规模近五年年均增速超10%，"赛事进景区、进街区、进商圈""跟着赛 事去旅行""苏超""村超"火爆出圈。 高志丹同时提到，户外运动发展成果诠释了"绿水青山就是金山银 山"的发展理念，冰雪运动高质量发展激发冰雪经济新活力，体育产业为国民经济增长和地方经济转型 增添了新的动力。 各种运动项目的火热也带动了相关公司的业绩。 特步国际于8月18日公布了2025年上半年未经审核中期业绩。期内。公司业务收入68.38亿元，同比增长 7.1%，归母净利润9.1亿元，同比增涨21.5%。特步国际重申指引，因基于正向销售增长，预计2025年报 表净利润同比增长超过10%，对2025年下半年消费环境持谨慎乐观态度。 中信里昂日前发布研报称，预期中国运动服饰市场占有率将持续增长，上半年销售额年增4.2%。该行 预计，国内品牌的销售额和盈利能力将超过国际运动零售 ...