People walk past a Li-Ning store in Beijing on October 8, 2019. (Photo by WANG Zhao / AFP) People walk past a Li-Ning store in Beijing on October 8, 2019. (Photo by WANG Zhao / AFP)
People walk past a Li-Ning store in Beijing on October 8, 2019. (Photo by WANG Zhao / AFP)

Li Ning says 2020 will be more profitable, even as coronavirus pandemic defers Tokyo Olympics and keeps shoppers away

  • Li Ning says it’s on track to increase its 2020 profit margin by 1.4 percentage point to 10.5 per cent, helped by cost cuts
  • The company has had a bumper year in 2019, where revenue and net income beat estimates

Topic |   Li Ning Company Ltd
People walk past a Li-Ning store in Beijing on October 8, 2019. (Photo by WANG Zhao / AFP) People walk past a Li-Ning store in Beijing on October 8, 2019. (Photo by WANG Zhao / AFP)
People walk past a Li-Ning store in Beijing on October 8, 2019. (Photo by WANG Zhao / AFP)
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