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. 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
Li Ning Company Limited (LNNGF) - Net Assets
Latest net assets as of June 2025: $27.17 Billion USD
Based on the latest financial reports, Li Ning Company Limited (LNNGF) has net assets worth $27.17 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($36.78 Billion) and total liabilities ($9.61 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $27.17 Billion |
| % of Total Assets | 73.87% |
| Annual Growth Rate | 17.71% |
| 5-Year Change | 200.41% |
| 10-Year Change | 665.38% |
| Growth Volatility | 37.1 |
Li Ning Company Limited - Net Assets Trend (2005–2024)
This chart illustrates how Li Ning Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Li Ning Company Limited (2005–2024)
The table below shows the annual net assets of Li Ning Company Limited from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $26.10 Billion | +6.95% |
| 2023-12-31 | $24.41 Billion | +0.31% |
| 2022-12-31 | $24.33 Billion | +15.29% |
| 2021-12-31 | $21.10 Billion | +142.87% |
| 2020-12-31 | $8.69 Billion | +21.97% |
| 2019-12-31 | $7.12 Billion | +22.42% |
| 2018-12-31 | $5.82 Billion | +14.70% |
| 2017-12-31 | $5.07 Billion | +26.93% |
| 2016-12-31 | $4.00 Billion | +17.20% |
| 2015-12-31 | $3.41 Billion | +57.21% |
| 2014-12-31 | $2.17 Billion | -24.98% |
| 2013-12-31 | $2.89 Billion | +59.57% |
| 2012-12-31 | $1.81 Billion | -50.55% |
| 2011-12-31 | $3.66 Billion | +2.96% |
| 2010-12-31 | $3.56 Billion | +24.36% |
| 2009-12-31 | $2.86 Billion | +37.01% |
| 2008-12-31 | $2.09 Billion | +19.74% |
| 2007-12-31 | $1.74 Billion | +23.11% |
| 2006-12-31 | $1.42 Billion | +20.27% |
| 2005-12-31 | $1.18 Billion | -- |
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 1489567200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $14.90 Billion | 57.06% |
| Common Stock | $235.85 Million | 0.90% |
| Other Components | $10.97 Billion | 42.03% |
| Total Equity | $26.10 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 |
|---|---|
|
TRITAX BIG BOX REIT LS-01
F:4ZQ
|
$4.25 Billion |
|
Magnolia Oil & Gas Corp
NYSE:MGY
|
$4.25 Billion |
|
Dillard's, Inc.
NYSE:DDS
|
$4.25 Billion |
|
Hongfa Technology Co Ltd
SHG:600885
|
$4.25 Billion |
|
EREGLI DEM CEL FABR DL1
F:EDVA
|
$4.24 Billion |
|
Rush Enterprises A Inc
NASDAQ:RUSHA
|
$4.24 Billion |
|
Sands China Ltd
PINK:SCHYF
|
$4.24 Billion |
|
Neoenergia S.A.
F:2Q40
|
$4.24 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 2023 to 2024, total equity changed from 24,406,641,000 to 26,103,689,000, a change of 1,697,048,000 (7.0%).
- Net income of 3,012,918,000 contributed positively to equity growth.
- Dividend payments of 1,443,945,000 reduced retained earnings.
- New share issuances of 3,917,000 increased equity.
- Other comprehensive income decreased equity by 983,586,000.
- Other factors increased equity by 1,107,744,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.01 Billion | +11.54% |
| Dividends Paid | $1.44 Billion | -5.53% |
| Share Issuances | $3.92 Million | +0.02% |
| Other Comprehensive Income | $-983.59 Million | -3.77% |
| Other Changes | $1.11 Billion | +4.24% |
| Total Change | $- | 6.95% |
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: 0.19x
- 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 1.89x to 0.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $1.02 | $1.93 | x |
| 2006-12-31 | $1.22 | $1.93 | x |
| 2007-12-31 | $1.51 | $1.93 | x |
| 2008-12-31 | $1.64 | $1.93 | x |
| 2009-12-31 | $2.30 | $1.93 | x |
| 2010-12-31 | $2.88 | $1.93 | x |
| 2011-12-31 | $2.99 | $1.93 | x |
| 2012-12-31 | $1.28 | $1.93 | x |
| 2013-12-31 | $1.67 | $1.93 | x |
| 2014-12-31 | $1.25 | $1.93 | x |
| 2015-12-31 | $1.47 | $1.93 | x |
| 2016-12-31 | $1.80 | $1.93 | x |
| 2017-12-31 | $2.08 | $1.93 | x |
| 2018-12-31 | $2.37 | $1.93 | x |
| 2019-12-31 | $2.86 | $1.93 | x |
| 2020-12-31 | $3.46 | $1.93 | x |
| 2021-12-31 | $8.31 | $1.93 | x |
| 2022-12-31 | $9.24 | $1.93 | x |
| 2023-12-31 | $9.39 | $1.93 | x |
| 2024-12-31 | $10.10 | $1.93 | 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): 11.54%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.51%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 1.37x
- Recent ROE (11.54%) is above the historical average (7.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 16.09% | 7.62% | 1.55x | 1.36x | $70.71 Million |
| 2006 | 21.07% | 9.27% | 1.47x | 1.55x | $154.90 Million |
| 2007 | 27.15% | 10.89% | 1.56x | 1.59x | $299.15 Million |
| 2008 | 38.03% | 10.78% | 1.54x | 2.29x | $531.63 Million |
| 2009 | 35.32% | 11.26% | 1.56x | 2.01x | $677.07 Million |
| 2010 | 32.90% | 11.69% | 1.44x | 1.95x | $771.56 Million |
| 2011 | 11.11% | 4.32% | 1.22x | 2.11x | $38.63 Million |
| 2012 | -122.65% | -29.37% | 1.12x | 3.74x | $-2.14 Billion |
| 2013 | -14.59% | -6.72% | 0.97x | 2.24x | $-659.96 Million |
| 2014 | -40.04% | -11.62% | 1.11x | 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 |
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: $2,667,465,281
- Average return on equity (ROE) among peers: -62.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Li Ning Company Limited (LNNGF) | $27.17 Billion | 16.09% | 0.35x | $4.24 Billion |
| All American Gld Crp (AAGC) | $-82.46K | 0.00% | 0.00x | $8.97 |
| Aureus Greenway Holdings Inc. Common Stock (AGH) | $1.07 Million | -17.18% | 3.87x | $36.62 Million |
| Altitude International Holdings Inc (ALTD) | $-2.35 Million | 0.00% | 0.00x | $24.11K |
| ANTA Sports Products Ltd (ANPDF) | $25.82 Billion | 19.99% | 1.01x | $13.79 Billion |
| American Outdoor Brands Inc (AOUT) | $177.93 Million | -6.88% | 0.35x | $91.40 Million |
| Amer Sports, Inc. (AS) | $33.42 Million | -377.97% | 208.21x | $5.64 Billion |
| Arvana Inc (AVNI) | $-1.98 Million | 0.00% | 0.00x | $21.93 Million |
| Vinco Ventures Inc (BBIG) | $7.45 Million | -190.48% | 2.17x | $7.00K |
| Bowlero Corp (BOWL) | $330.12 Million | -38.31% | 4.40x | $216.09 Million |
| Basic-Fit N.V (BSFFF) | $305.08 Million | -10.61% | 1.14x | $829.31 Million |