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李宁回应收购彪马传闻
Zheng Quan Ri Bao Zhi Sheng· 2025-08-26 06:38
本报讯 (记者李静)近日有市场消息称,皮诺家族正考虑为德国运动品牌彪马(Puma)探索包括出售 在内的战略选项。 据悉,皮诺家族正在与顾问合作,并与包括安踏和李宁在内的潜在买家接洽,他们还试探了美国其他运 动服装公司以及中东主权财富基金的意向。 对此,李宁有限公司(以下简称"李宁")相关负责人回复《证券日报》记者称,截至目前,公司未就上 述传闻所提及的交易进行任何实质性谈判或评估。李宁坚持"单品牌、多品类、多渠道"的核心发展战 略,目前仍会专注于李宁品牌的成长与发展。 (编辑 丛可心 张昕) ...
李宁(2331.HK):2季度流水缓慢恢复 不确定性仍存
Ge Long Hui· 2025-07-16 03:24
机构:交银国际 研究员:肖凯希/钱昊 管理层表示,2 季度的复苏趋势环比1 季度走弱,略低于公司此前预期;此外, 7 月以来公司的流水和 折扣仍然承压。整体来看,我们认为公司下半年销售恢复趋势仍将缓慢,因此,基于更加谨慎的销售预 期,我们下调2025-27 年的净利润预测,给予目标价16.28 港元,维持中性评级。我们认为公司目前估 值已充分反应了当前阶段的稳健经营策略和销售恢复前景。 2 季度线下渠道仍然疲软,库存健康但折扣压力加大:分渠道来看,2 季度线上渠道的流水表现优于线 下渠道,电商渠道录得同比中单位数的增长,而线下渠道录得低单位数的同比下降。相对来说,批发渠 道的流水表现好于零售渠道,线下批发/零售渠道分别录得同比低单位数增长/中单位数下跌。公司表 示,2 季度末库销比恢复到了4 个月的水平,相对健康;但全渠道折扣同比低单位数加深,我们相信持 续的行业促销将给公司的毛利率带来压力,因此我们预期2025 年的毛利率将同比小幅下降。 基于更谨慎的销售假设,我们下调了公司2025-27 年的盈利预测,维持中性评级:2 季度以来,我们看 到行业整体复苏偏软、促销氛围浓厚(如618 活动)。因此,我们认为公 ...
回应民企之痛:依法从重处罚网络“黑嘴”
21世纪经济报道· 2025-05-23 02:13
Core Viewpoint - The central government is taking action to address the issue of "black mouths" on the internet that harm businesses, with a two-month nationwide campaign aimed at rectifying malicious attacks and marketing practices against companies [1][2][3]. Group 1: Government Actions - The Central Cyberspace Administration of China launched a two-month campaign to tackle four major issues, including malicious defamation and harmful marketing practices against enterprises [1]. - The campaign aims to protect the legitimate rights and interests of businesses and entrepreneurs, which are crucial for high-quality economic development [2][3]. - New regulations and guidelines have been established to clarify the handling of online infringement information related to enterprises, enhancing legal frameworks to combat misleading and defamatory content [3][4]. Group 2: Company Responses - Companies like Pang Donglai and Huiyuan Juice have publicly responded to false information, emphasizing their operational transparency and commitment to legal recourse against defamation [1][2]. - Li Ning has also taken legal action against malicious rumors, asserting its rights and defending its brand reputation [4]. - The proactive stance of these companies in addressing online misinformation is seen as a necessary step to maintain their market positions and protect their interests [4].