To the full analysis
Li Ning stock: growth
2331.HKLi Ning reported $4.44B in revenue for fiscal 2025, up 3.2% on the prior year.
Revenue (Annual rate)
12.5%
per year from 2006 to 2025, per share 7.7%
Earnings (Annual rate)
12.9%
per year from 2006 to 2025, per share 8.1%
Free cash flow (Annual rate)
18.4%
per year from 2006 to 2025, per share 13.4%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 15.4% | 15.4% | 12.5% |
| Revenue per share | 14.2% | 13.3% | 7.7% |
| Earnings | 11.6% | 70.3% | 12.9% |
| Earnings per share | 10.6% | 67.4% | 8.1% |
| Free cash flow | 17.9% | 31.4% | 18.4% |
| Free cash flow per share | 16.7% | 29.1% | 13.4% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $476.97M | $44.22M | $27.88M |
| 2007 | $652.16M | $71.02M | $22.47M |
| 2008 | $1B | $108.16M | $65.77M |
| 2009 | $1.26B | $141.64M | $155.14M |
| 2010 | $1.42B | $166.23M | $107.76M |
| 2011 | $1.34B | $57.86M | −$55.82M |
| 2012 | $1.01B | −$296.8M | −$172.23M |
| 2013 | $873.41M | −$58.72M | −$44.84M |
| 2014 | $1.01B | −$117.19M | −$108.21M |
| 2015 | $1.06B | $2.15M | $44.75M |
| 2016 | $1.2B | $96.47M | $77.88M |
| 2017 | $1.33B | $77.25M | $109.7M |
| 2018 | $1.58B | $107.26M | $160.6M |
| 2019 | $2.08B | $224.82M | $422.55M |
| 2020 | $2.17B | $254.71M | $302.58M |
| 2021 | $3.39B | $601.49M | $824.44M |
| 2022 | $3.87B | $609.43M | $312.4M |
| 2023 | $4.14B | $477.92M | $430.8M |
| 2024 | $4.3B | $451.83M | $564.6M |
| 2025 | $4.44B | $440.26M | $689.02M |
Data status and sources
- Price
- Closing price of 13 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = HK$7.8782, $1 = CN¥6.6683)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 16 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.