Chinese sports brand Li-Ning has reported that its revenue for the year ended December 31, 2022, increased by 14.3% year on year to reach $3.75 billion or ¥25.8 billion.

The company said macroeconomic challenges such as recurring waves of covid-19 and a significant rise in raw material prices had led it to experience difficulties in the operating environment, but doubled down on its “single brand, multi[ple] categories, diversified channels” strategy. 

Share this story: