Li Ning Company Limited / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2024	€3.45B +3.9%	€362.15M -5.5%	10.5% -0.010 pp	€813.86M +4.1%	23.6% +0.00049 pp
2023	€3.32B +7.0%	€383.06M -21.6%	11.5% -0.042 pp	€781.67M +13.2%	23.6% +0.013 pp
2022	€3.10B +14.3%	€488.47M +1.3%	15.7% -0.020 pp	€690.42M -24.0%	22.3% -0.11 pp
2021	€2.71B +56.1%	€482.10M +136.1%	17.8% +0.060 pp	€907.87M +115.3%	33.5% +0.092 pp
2020	€1.74B +4.2%	€204.15M +13.3%	11.7% +0.0094 pp	€421.77M -16.2%	24.3% -0.059 pp
2019	€1.67B +32.0%	€180.19M +109.6%	10.8% +0.040 pp	€503.54M +84.3%	30.2% +0.086 pp
2018	€1.26B +18.4%	€85.97M +38.8%	6.8% +0.010 pp	€273.19M +43.2%	21.6% +0.037 pp
2017	€1.07B +10.7%	€61.92M -19.9%	5.8% -0.022 pp	€190.73M +7.8%	17.9% -0.0048 pp
2016	€963.42M +13.1%	€77.32M +4,395.5%	8.0% +0.078 pp	€176.89M +36.8%	18.4% +0.032 pp
2015	€852.14M +5.4%	€1.72M -101.8%	0.2% +0.12 pp	€129.30M -1,702.5%	15.2% +0.16 pp
2014	€808.64M +15.5%	-€93.93M +99.6%	-11.6% -0.049 pp	-€8.07M -124.7%	-1.0% -0.057 pp
2013	€700.05M -13.6%	-€47.06M -80.2%	-6.7% +0.23 pp	€32.69M -138.1%	4.7% +0.15 pp
2012	€810.00M -24.5%	-€237.89M -613.0%	-29.4% -0.34 pp	-€85.80M -277.0%	-10.6% -0.15 pp
2011	€1.07B -5.8%	€46.37M -65.2%	4.3% -0.074 pp	€48.48M -68.1%	4.5% -0.088 pp
2010	€1.14B +13.0%	€133.24M +17.4%	11.7% +0.0043 pp	€151.84M -20.0%	13.3% -0.055 pp
2009	€1.01B +25.4%	€113.53M +31.0%	11.3% +0.0048 pp	€189.77M +64.6%	18.8% +0.045 pp
2008	€804.13M +53.8%	€86.69M +52.3%	10.8% -0.0011 pp	€115.32M +50.9%	14.3% -0.0028 pp
2007	€522.71M +36.7%	€56.93M +60.6%	10.9% +0.016 pp	€76.44M +58.7%	14.6% +0.020 pp
2006	€382.30M +29.8%	€35.44M +57.8%	9.3% +0.016 pp	€48.18M +122.0%	12.6% +0.052 pp
2005	€294.55M	€22.45M	7.6%	€21.70M	7.4%