智通财经网·2025-08-26 09:07Core Viewpoint - The report from CMB International indicates that Li Ning (02331) has experienced a growth in core operating profit in the first half of this year, reflecting the company's transformation efforts and inherent brand value [1] Group 1: Financial Performance - Li Ning's core operating profit has started to grow again in the first half of the year [1] - The target price for Li Ning has been raised from HKD 18.95 to HKD 23.02 [1] Group 2: Market Outlook - The company is expected to benefit from increased share buybacks by extraordinary China and a growing government willingness to promote consumption [1] - The optimism regarding a potential recovery in the coming years is heightened, with the management maintaining its guidance for the fiscal year 2025 [1]