China's 'Two Billion Feet' Are Suddenly Running From Nike -- WSJ
Li Ning (2331.HK): Recent sales performance may face challenges, and Q2 results require further observation.
Recent cash flow may face challenges, and the performance in the second quarter requires further observation. Under recent industry pressures, Li Ning's general merchandise cash flow performance in April and May may be similar to that in January and March. If this situation persists through June, it could impact 2Q26.
Li Ning Target Price Raised to HK$24.40 From HK$22.90 by HSBC
Li Ning Raised to Buy From Hold by HSBC
Li Ning (2331.HK): Renewed Momentum from the Olympics, Driven by Professionalism
Core Viewpoint: Li Ning, as the leader of domestic sports brands, is at the starting point of a new growth cycle. With the triple driving forces of 'professional sports-driven growth, brand momentum recovery, and channel and supply chain resonance,' the company is expected to continuously expand amid industry differentiation.
Dongwu Securities: Brand Apparel Performance Improves in Q1 2026, with Divergent Results in Upstream Textile and Apparel
In 2025, the export of domestic textiles and apparel products faced pressure due to additional tariffs imposed by the United States. Since the second half of 2025, the renminbi exchange rate has continued to appreciate, and since early 2026, the trend of rising raw material prices has persisted.