Li Ning, the Chinese sportswear brand, made a small profit last year, ending three years of annual losses.
The company — a familiar name on the Chinese high street — reported net profit attributable to equity holders of Rmb14m ($2.2m), after a Rmb781m loss in 2014. Revenue grew 17 per cent to nearly Rmb7.1bn and the debt to equity ratio fell to 109.7 from 198.3 in 2014.
Shares in Li Ning were up more than 7 per cent in Hong Kong yesterday morning before closing up 1 per cent.
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