---
title: "李寧有限公司 (82331.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/82331.HK.md"
symbol: "82331.HK"
name: "李寧有限公司"
industry: "服裝、配飾及奢侈品"
---

# 李寧有限公司 (82331.HK)

| Item | Detail |
|------|--------|
| Industry | 服裝、配飾及奢侈品 |
| Location | 港股市場 |
| Website | [www.lining.com](https://www.lining.com) |

## Company Profile

李寧有限公司是一家主要從事體育用品研發、設計、製造和銷售的公司。該公司主要從事經營“李寧”品牌專業及休閑運動鞋、服裝、器材和配件產品。該公司還從事生產、開發、推廣、分銷、銷售多個自有、特許或與該集團第叁方設立的合資╱聯營企業經營的其他品牌體育產品,包括“紅雙喜”乒乓球產品、“AIGLE”(“艾高”)戶外運動用品及“Kason”(“凱勝”)羽毛球產品。該公司主要在國內和國外市場開展業務。

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-21T04:30:11.000Z

**Overall: B (0.33)**

**Industry**: Apparel, Accessories and Luxury Goods

| Metric | Value |
|--------|-------|
| Industry Ranking | 9 / 88 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 4.38% |  |
| Net Profit YoY | -7.27% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 1.85 |  |
| Dividend Ratio | 2.80% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 56.81B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 32.97B |  |


**Multi Score**: B

#### Profit Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 10.54% | B |
| Profit Margin | 9.60% | B |
| Gross Margin | 50.04% | B |

#### Growth Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 4.38% | C |
| Net Profit YoY | -7.27% | C |
| Total Assets YoY | 3.50% | C |
| Net Assets YoY | 4.87% | C |

#### Cash Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 1041.60% | B |
| OCF YoY | 4.38% | C |

#### Operating Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.81 | B |

#### Debt Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 26.13% | B |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 李寧有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "B",
      "indicators": [
        {
          "name": "ROE",
          "value": "10.54%",
          "rating": "B"
        },
        {
          "name": "Profit Margin",
          "value": "9.60%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "50.04%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "C",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "4.38%",
          "rating": "C"
        },
        {
          "name": "Net Profit YoY",
          "value": "-7.27%",
          "rating": "C"
        },
        {
          "name": "Total Assets YoY",
          "value": "3.50%",
          "rating": "C"
        },
        {
          "name": "Net Assets YoY",
          "value": "4.87%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "B",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "1041.60%",
          "rating": "B"
        },
        {
          "name": "OCF YoY",
          "value": "4.38%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "B",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.81",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "B",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "26.13%",
          "rating": "B"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 老鋪黃金 (HK.6181) | A | A | A | C | B | A |
| 02 | 華新手袋國際控股 (HK.2683) | B | A | A | B | B | A |
| 03 | 安踏體育 (HK.2020) | A | B | B | C | B | B |
| 04 | 安踏體育-R (HK.82020) | A | B | B | C | B | B |
| 05 | 普拉達 (HK.1913) | A | B | B | C | B | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 17.95 | 31/89 | 15.74 | 14.26 | 12.42 |
| PB | 1.85 | 52/89 | 1.64 | 1.52 | 1.43 |
| PS (TTM) | 1.72 | 63/89 | 1.53 | 1.41 | 1.31 |
| Dividend Yield | 2.80% | 28/89 | 3.94% | 3.50% | 3.19% |

## Institutional View

### Analyst Rating Distribution

> As of 2025-08-21T16:00:00.000Z

Total Analysts: **1**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 0 | 0% |
| Overweight | 0 | 0% |
| Hold | 1 | 100% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 19.43 |
| Highest Target | 16.11 |
| Lowest Target | 16.11 |

## References

- [Company Overview](https://longbridge.com/en/quote/82331.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/82331.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/82331.HK/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.