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.

Zhitong FinanceMay 8 15:15

Express News | Hong Kong Stock Market Midday Review: Hang Seng Index Closed Down 1.16%; Lithium Battery and Chip Stocks Bucked the Trend with Gains

BreakingsMay 5 12:15

Morgan Stanley: Li Ning's (02331.HK) brand and product competitiveness are undervalued; maintain 'Overweight' rating.

Morgan Stanley issued a research report stating that the business quality of Li Ning (02331.HK) is improving, with its brand and product competitiveness being undervalued by the market. The firm expects a compound annual growth rate (CAGR) of 7% for sales and adjusted net profit from 2026 to 2028. Management has provided high single-digit sales growth guidance, but given macro uncertainties, the report assumes only 6% sales growth for 2026. The report highlights that Li Ning's product mix has significantly improved compared to three to four years ago. The decline in basketball category sales narrowed considerably in the first quarter, and after achieving rapid growth in badminton-related business between 2024 and 2025, it is expected to maintain momentum into 2025.

AASTOCKSMay 5 11:21

Li Ning (02331.HK): Retail performance meets expectations with clear category strategies.

Li Ning released its Q1 2026 operational data, showing a mid-single-digit year-over-year increase in total channel retail sales for the main product line. Retail sales from offline channels also recorded a mid-single-digit year-over-year growth, with directly operated stores achieving low-double-digit year-over-year growth and wholesale channels reporting a low-single-digit year-over-year increase.

Changjiang SecuritiesApr 30 20:21

Express News | Information from the Hong Kong Exchange shows that Blackrock reduced its stake in Li Ning's H-shares from 7.66% to 6.99% on April 23.

BreakingsApr 29 17:12

Express News | Information from the Hong Kong Exchange shows that Blackrock increased its stake in Li Ning's H-shares from 6.98% to 7.63% on April 22.

BreakingsApr 28 17:12