LI NING CO.LTD UNS.ADR/25 (LNL) - Net Assets
Based on the latest financial reports, LI NING CO.LTD UNS.ADR/25 (LNL) has net assets worth €27.63 Billion EUR (≈ $32.30 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€37.71 Billion ≈ $44.09 Billion USD) and total liabilities (€10.09 Billion ≈ $11.79 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore LI NING CO.LTD UNS.ADR/25 (LNL) cash conversion ratio to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €27.63 Billion |
| % of Total Assets | 73.26% |
| Annual Growth Rate | 6.97% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.36 |
LI NING CO.LTD UNS.ADR/25 - Net Assets Trend (2021–2025)
This chart illustrates how LI NING CO.LTD UNS.ADR/25's net assets have evolved over time, based on quarterly financial data. Also explore LNL total asset value for the complete picture of this company's asset base.
Annual Net Assets for LI NING CO.LTD UNS.ADR/25 (2021–2025)
The table below shows the annual net assets of LI NING CO.LTD UNS.ADR/25 from 2021 to 2025. For live valuation and market cap data, see LI NING CO.LTD UNS.ADR/25 market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €27.63 Billion ≈ $32.30 Billion |
+5.84% |
| 2024-12-31 | €26.10 Billion ≈ $30.52 Billion |
+6.95% |
| 2023-12-31 | €24.41 Billion ≈ $28.53 Billion |
+0.31% |
| 2022-12-31 | €24.33 Billion ≈ $28.45 Billion |
+15.29% |
| 2021-12-31 | €21.10 Billion ≈ $24.67 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to LI NING CO.LTD UNS.ADR/25's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 131.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €16.26 Billion | 58.86% |
| Other Components | €11.37 Billion | 41.14% |
| Total Equity | €27.63 Billion | 100.00% |
LI NING CO.LTD UNS.ADR/25 Competitors by Market Cap
The table below lists competitors of LI NING CO.LTD UNS.ADR/25 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
thyssenkrupp AG
F:TKA1
|
$6.15 Billion |
|
Brinker International Inc
NYSE:EAT
|
$6.16 Billion |
|
SSR Mining Inc
NASDAQ:SSRM
|
$6.16 Billion |
|
FirstService Corp
TO:FSV
|
$6.17 Billion |
|
Colgate Palmolive (India) Limited
NSE:COLPAL
|
$6.14 Billion |
|
Vishal Mega Mart Ord Shs
NSE:VMM
|
$6.14 Billion |
|
Urban Outfitters Inc
NASDAQ:URBN
|
$6.13 Billion |
|
Lien Viet Post Joint Stock Commercial Bank
VN:LPB
|
$6.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LI NING CO.LTD UNS.ADR/25's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 26,103,689,000 to 27,627,499,000, a change of 1,523,810,000 (5.8%).
- Net income of 2,935,743,000 contributed positively to equity growth.
- Dividend payments of 1,399,890,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.94 Billion | +10.63% |
| Dividends Paid | €1.40 Billion | -5.07% |
| Other Changes | €-12.04 Million | -0.04% |
| Total Change | €- | 5.84% |
Book Value vs Market Value Analysis
This analysis compares LI NING CO.LTD UNS.ADR/25's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.71x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 6.31x to 4.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €8.08 | €51.00 | x |
| 2022-12-31 | €9.23 | €51.00 | x |
| 2023-12-31 | €9.48 | €51.00 | x |
| 2024-12-31 | €10.14 | €51.00 | x |
| 2025-12-31 | €10.83 | €51.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LI NING CO.LTD UNS.ADR/25 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.63%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.92%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.37x
- Recent ROE (10.63%) is below the historical average (14.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 19.01% | 17.77% | 0.75x | 1.43x | €1.90 Billion |
| 2022 | 16.70% | 15.75% | 0.77x | 1.38x | €1.63 Billion |
| 2023 | 13.06% | 11.55% | 0.81x | 1.40x | €746.25 Million |
| 2024 | 11.54% | 10.51% | 0.80x | 1.37x | €402.55 Million |
| 2025 | 10.63% | 9.92% | 0.78x | 1.37x | €172.99 Million |
Industry Comparison
This section compares LI NING CO.LTD UNS.ADR/25's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $6,077,179,507
- Average return on equity (ROE) among peers: -13.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LI NING CO.LTD UNS.ADR/25 (LNL) | €27.63 Billion | 19.01% | 0.37x | $6.14 Billion |
| POP MART INT.GRP.DL-0001 (735) | $6.97 Billion | 6.83% | 0.23x | $23.91 Billion |
| GULLBERG+JANSSON AB (9D7) | $116.52 Million | -6.29% | 1.04x | $10.22 Million |
| ANTA Sports Products Limited (AS7) | $7.35 Billion | 17.89% | 0.38x | $24.66 Billion |
| Goodbaby International Holdings Limited (GBH) | $5.09 Billion | 3.98% | 1.14x | $153.88 Million |
| Honma Golf Limited (HF5) | $28.00 Billion | 14.05% | 0.29x | $178.06 Million |
| Oberstdorfer Bergbahn AG (KVO) | $1.65 Million | 14.31% | 2.12x | $4.42 Million |
| ROBUS GROUP AS EO -60 (LH2) | $116.85K | -199.66% | 0.84x | $417.45K |
| Li Ning Company Limited (LNLB) | $7.12 Billion | 21.04% | 0.76x | $5.21 Billion |
| Münchener Tierpark Hellabrunn AG (MTP) | $46.64 Million | 3.13% | 0.22x | $75.60 Million |
About LI NING CO.LTD UNS.ADR/25
Li Ning Company Limited, a sports brand company, engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People's Republic of China. It offers sporting goods, including professional and leisure footwear, apparel, equipment, and accessories under the LI-NING brand. The company also develops, manufactures, markets, distributes, and … Read more