李宁_H224 运营表现好于预期

EPS (UBS, diluted) (Rmb) ab 28 March 2025 Fast Take Li Ning Headline H224 OP better than expectations Our Take H224 NI largely in line with UBSe. H224 OP was 5% higher than UBSe from higher revenue (4% above) and better GPM (0.7pppt higher) partially offset by Rmb333mn impairment of investment properties. Excluding that, H224 OP was 32% higher than UBSe. Global Research Equities China Footwear 12-month rating Neutral 12m price target HK$15.90 Price (27 Mar 2025) HK$17.10 RIC: 2331.HK BBG: 2331 HK Trading da ...