Li Ning Company Limited (LNLB) - Net Assets
Based on the latest financial reports, Li Ning Company Limited (LNLB) 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. Check Li Ning Company Limited (LNLB) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €27.63 Billion |
| % of Total Assets | 73.26% |
| Annual Growth Rate | 20.69% |
| 5-Year Change | 30.91% |
| 10-Year Change | 591.18% |
| Growth Volatility | 39.8 |
Li Ning Company Limited - Net Assets Trend (2013–2025)
This chart illustrates how Li Ning Company Limited's net assets have evolved over time, based on quarterly financial data. See Li Ning Company Limited (LNLB) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Li Ning Company Limited (2013–2025)
The table below shows the annual net assets of Li Ning Company Limited from 2013 to 2025. For live valuation and market cap data, see Li Ning Company Limited (LNLB) market capitalisation.
| 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 |
+142.87% |
| 2020-12-31 | €8.69 Billion ≈ $10.16 Billion |
+21.97% |
| 2019-12-31 | €7.12 Billion ≈ $8.33 Billion |
+22.42% |
| 2018-12-31 | €5.82 Billion ≈ $6.80 Billion |
+14.70% |
| 2017-12-31 | €5.07 Billion ≈ $5.93 Billion |
+26.93% |
| 2016-12-31 | €4.00 Billion ≈ $4.67 Billion |
+17.20% |
| 2015-12-31 | €3.41 Billion ≈ $3.99 Billion |
+57.21% |
| 2014-12-31 | €2.17 Billion ≈ $2.54 Billion |
-24.98% |
| 2013-12-31 | €2.89 Billion ≈ $3.38 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Li Ning Company Limited'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 2703.2% 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 Company Limited Competitors by Market Cap
The table below lists competitors of Li Ning Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
3SBio Inc
F:83B
|
$5.22 Billion |
|
Ultrapar Participações S.A
SA:UGPA3
|
$5.23 Billion |
|
Beijing Enlight Media
SHE:300251
|
$5.23 Billion |
|
FSPG Hi-Tech Co Ltd
SHE:000973
|
$5.23 Billion |
|
Apogee Therapeutics, Inc. Common Stock
NASDAQ:APGE
|
$5.21 Billion |
|
Jl Mag Rare-Earth Co Ltd Class A
SHE:300748
|
$5.21 Billion |
|
GalaxyCore Inc
SHG:688728
|
$5.20 Billion |
|
Legend Biotech Corp
NASDAQ:LEGN
|
$5.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Li Ning Company Limited'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 Company Limited'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: 0.18x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.82x to 0.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €2.35 | €1.91 | x |
| 2018-12-31 | €2.69 | €1.91 | x |
| 2019-12-31 | €3.11 | €1.91 | x |
| 2020-12-31 | €3.51 | €1.91 | x |
| 2021-12-31 | €8.06 | €1.91 | x |
| 2022-12-31 | €9.23 | €1.91 | x |
| 2023-12-31 | €9.44 | €1.91 | x |
| 2024-12-31 | €10.14 | €1.91 | x |
| 2025-12-31 | €10.83 | €1.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Li Ning Company Limited 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 above the historical average (7.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -14.59% | -6.72% | 0.97x | 2.24x | €-659.96 Million |
| 2014 | -40.04% | -12.92% | 1.00x | 3.09x | €-976.67 Million |
| 2015 | 0.45% | 0.20% | 1.03x | 2.17x | €-303.68 Million |
| 2016 | 16.10% | 8.03% | 1.18x | 1.70x | €243.79 Million |
| 2017 | 10.16% | 5.81% | 1.21x | 1.44x | €8.05 Million |
| 2018 | 12.30% | 6.80% | 1.20x | 1.50x | €133.56 Million |
| 2019 | 21.05% | 10.81% | 1.11x | 1.76x | €786.98 Million |
| 2020 | 19.55% | 11.75% | 0.99x | 1.68x | €829.80 Million |
| 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 Company Limited's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $8,355,324,618
- Average return on equity (ROE) among peers: -15.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Li Ning Company Limited (LNLB) | €27.63 Billion | -14.59% | 0.37x | $5.21 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 | $3.81 Million |
| ROBUS GROUP AS EO -60 (LH2) | $116.85K | -199.66% | 0.84x | $417.45K |
| LI NING CO.LTD UNS.ADR/25 (LNL) | $27.63 Billion | 10.63% | 0.37x | $6.14 Billion |
| Münchener Tierpark Hellabrunn AG (MTP) | $46.64 Million | 3.13% | 0.22x | $75.60 Million |
About Li Ning Company Limited
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 and internationally. The company offers sporting goods, including professional and leisure footwear, apparel, equipment, and accessories under the LI-NING brand. It also develops, manufactures, market… Read more