Core Viewpoint - Li Ning Company Limited reported a revenue increase of 3.2% year-on-year to 29.598 billion RMB for the fiscal year ending December 31, 2025, with a net profit of 2.936 billion RMB, reflecting a net profit margin of 9.9% [1] Financial Performance - Revenue for the year reached 29.598 billion RMB, up 3.2% compared to the previous year [1] - Gross profit margin was 49.0%, a decrease of 0.4 percentage points from the previous year [1] - Net profit attributable to equity holders was 2.936 billion RMB, with a net profit margin of 9.9% [1] - Operating cash flow net amount was 4.852 billion RMB [1] Dividend Information - The board proposed a final dividend of 0.2336 RMB per share, leading to a total annual dividend of 0.5695 RMB per share, with a payout ratio of 50% [1] Operational Metrics - Overall retail sales remained flat year-on-year, with offline new product retail sales accounting for 83% [1] - The inventory turnover ratio maintained a healthy level of 4 months [1] - The cash conversion cycle was 37 days, indicating healthy working capital [1] Legal Matters - The company is facing a lawsuit regarding historical loans but believes it is not liable for repayment and is actively defending itself [1]