Li Ning Overcomes Tough Conditions

2010-03-24T00:00:00

Li Ning, the Chinese sportswear company, had a 25.4 percent increase in sales to 8.39 billion renminbi (€907.9m-$1,227.2m) for the 2009 fiscal year ended Dec. 31. Annual net income rose by 31.0 percent to CNY 945 million (€102.3m-$138.2m). The gross profit margin slipped by 0.8 percentage points to 47.3 percent.

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