Gymnastics prince Li Ning, founded by former namesake brand Li Ning, the mid-term net loss widened to 586 million yuan, in line with earlier Nike Air Max 1 Homme published a profit warning.
Li Ning, Executive Vice President Kim Jin-jun in performance press conference, said the entire transition Nike Air Max Thea Dames process is expected to 3--4 years, the past two years has been basically solved the inventory problem, new performance and growth trend has lasted a year. But Haitong International pointed out that the actual extent of Li Ning channels to inventory or lower than expected, more than 10% of distributor inventories are still problems, the transition still need more time.
Haitong International Li Ning rating from "buy" to "hold," target price to HK $ 4.40, the original HK $ 6.70. 14:10 local time, the Li Ning fell 2.46 percent to HK $ 4.36, down 28.76 percent so far this Jerod Mayo Game Jersey year.
Analysts believe that Li Ning short term performance and financial indicators there is a big pressure to reverse the situation net Nike Roshe Run Dames debt will be an important task. However, the Swiss bank for Li Ning optimistic, saying orders will indicate growth in the third quarter of this year, the future will also gradually recover. UBS maintain their "buy" rating, target price unchanged at HK $ 7.70. After the inventory problem eased, the brand development strategy have focused on. Li Ning is gradually withdraw from non-core and non-profit category sportswear market, and re-branding and remodeling business model, focusing the five core sports categories (basketball, running, badminton, training and sports life).
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