Li Ning

Li Ning reported a 2.8% revenue increase to RMB 15.235 billion in the first half of 2026 and a net profit of RMB 1.816 billion; gross margin improved to 50.9%. Apparel sales grew 12%, shoes by only 1%, and accessories fell 18%. Management cut its 2026 revenue target to low single-digit growth, citing weak domestic consumer demand and heavy discount pressure. The balance sheet remains strong with a net cash position of RMB 19.391 billion, but operating cash flow and sales momentum remain risks. » More on de.investing.com

Li Ning announced a long-term collaboration with NBA star Stephen Curry and his Curry brand to create joint product lines for basketball and other categories. Detailed contract terms were not disclosed. Citi analysts expect higher costs initially but see long-term brand and revenue benefits; new Curry product lines could reach the market in two to four quarters. Only limited negative financial impact is expected for the second half of 2026. Li Ning shares closed down 2.8% on the day of the announcement. » More on de.investing.com

Li-Ning has signed a 10-year deal with Steph Curry to co-create and expand Curry Brand through multi-category performance products, sports culture initiatives and joint brand development. The partnership will begin with basketball and extend into golf and lifestyle, with plans for Curry Brand stores in China and the U.S. Li-Ning and Curry aim to leverage the brand's innovation and design as Curry grows his global sports company; the deal’s implications for Davidson College support were not immediately clear. » More on forbes.com