Ge Long Hui·2025-12-15 03:38Core Viewpoint - Li Ning (2331.HK) experienced a significant increase of over 5%, reaching HKD 18.59, with a total market capitalization of HKD 48.05 billion. The company celebrated the grand opening of its first "Dragon Store" and the launch of the new "Honor Gold Standard" product series, marking a key milestone in its brand development and retail channel upgrade [1] Group 1: Company Developments - The grand opening of the "Dragon Store" in Beijing's Sanlitun Taikooli is a significant event for Li Ning, showcasing the brand's commitment to innovation and retail expansion [1] - The launch of the "Honor Gold Standard" product series is expected to create a strong synergistic effect with the new store format, enhancing the overall brand experience [1] Group 2: Financial Projections - Citigroup updated its model for Li Ning, reflecting expectations for revenue growth of 0%, 4%, and 8% for the years 2025 to 2027, respectively [1] - Net profit is projected to grow by 18%, 11%, and 17% year-on-year for the same period [1] - Citigroup raised Li Ning's target price from HKD 18.1 to HKD 20.6, based on a forecasted price-to-earnings ratio of 17 times for 2026, while maintaining a "Buy" rating [1]