Li Ning, one of the largest Chinese manufacturers of shoes, clothing and sports equipment, summed up the financial results for the 2015 year. For the first time since 2011, Li Ning's revenues grew by 17% and amounted to 970,5 million euros. The net profit of the Chinese manufacturer reached 1,9 million euros. They managed to improve their financial situation by reducing costs for all Li Ning's business processes, as well as changing consumer preferences of the Chinese, who have become more active in sports.
Rating |