Group 1 - The company Li Ning has made several significant investments in structured deposits with various banks, totaling approximately RMB 19 billion [1] - On January 18, 2026, Li Ning (China) subscribed to a structured deposit of RMB 700 million with Guangfa Bank [1] - On January 19, 2026, Li Ning (Beijing) subscribed to two structured deposits with China Bank, amounting to RMB 260 million and RMB 240 million respectively [1] - On January 21, 2026, Shanghai Li Ning subscribed to a structured deposit of RMB 500 million with China Bank [1] - On January 26, 2026, Li Ning Children's Wear subscribed to a structured deposit of RMB 200 million with China Merchants Bank [1]

Group 1 - The company achieved a product sales volume of 4.732 million kiloliters in the first half of 2025, representing a year-on-year increase of 2.3% [3] - The company's operating revenue reached RMB 20.49 billion, an increase of 2.1% year-on-year [3] - The net profit attributable to shareholders was RMB 3.90 billion, reflecting a year-on-year growth of 7.2% [3] Group 2 - The domestic beer industry saw a slight decline in production, with a total output of 19.04 million kiloliters, down 0.3% year-on-year [3] - The company focused on innovation-driven high-quality development, leveraging its brand, quality, and distribution network to expand both domestic and international markets [4] - The company maintained a strong position in mainstream channels while leading in emerging channels, with online sales continuing to grow significantly [4] Group 3 - The company plans to invest in structured deposit products with a maximum daily balance of RMB 6 billion over the next 12 months [7][10] - The investment aims to enhance the efficiency of idle funds while ensuring liquidity and safety [9] - The structured deposits are considered low-risk, with floating returns dependent on market conditions [8]