<small id="gggg8"></small>
  • <nav id="gggg8"></nav>
  • <tr id="gggg8"></tr>
  • <sup id="gggg8"></sup>
  • 人妻少妇精品专区性色,一本岛国av中文字幕无码,中文字幕精品亚洲人成在线 ,国产在线视频一区二区二区

    ENGLISH EDITION OF THE WEEKLY CHINESE NEWSPAPER, IN-DEPTH AND INDEPENDENT
    site: HOME > > Economic > News > Briefs
    Li Ning Registers Losses of 2 Billion Yuan
    Summary:


    Mar 27, 2013
    Translated by Liu Jingyue

    Li Ning Company Limited (Li Ning), one of China's largest sportswear suppliers, yesterday announced almost 2 billion yuan in losses last year - the first time that the company has been in the red since it first listed on the Hong Kong stock exchange eight years ago.

    According to data contained in the company's annual results report, Li Ning said the company lost 1.98 billion yuan in 2012.

    According to the financial statement, Li Ning collected 6.74 billion yuan in revenue last year, a 24.5 percent decline on the 2011 figure. The company said that a decline in wholesale volume, receivables, inventory provisions and company reforms all contributed to the loss.

    The company launched a restructuring plan in July last year and also introduced more reforms in December. As part of these efforts to turn the company around, 1,821 retail outlets had been closed by the end of last year.

    Company CEO Li Ning, a retired gymnast, told the press that the worst period is now over.    

    The sporting industry in China is facing a tough environment. Domestic sporting brands including Li Ning,XTEP and Anta all reported profit declines last year.

    The company's shares fell by more than 4 percent during yesterday's trading.

    Links and Sources
    Beijing News: 李寧去年巨虧20億 運(yùn)動(dòng)品牌入寒冬
    Economic Observer Online: Sticking With the Plan - An Interview with the CEO of Li Ning

    Related Stories

    0 comments

    Comments(The views posted belong to the commentator, not representative of the EO)

    username: Quick log-in

    EO Digital Products

    Multimedia & Interactive

    人妻少妇精品专区性色
    <small id="gggg8"></small>
  • <nav id="gggg8"></nav>
  • <tr id="gggg8"></tr>
  • <sup id="gggg8"></sup>