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Li-Ning First Half Profit Slips 3%

The leading Chinese sportswear group maintained its previous expectation to grow its top line by about 15 percent for this year.
Four different models of shoes by Li-Ning.
Shoes from Li-Ning. (Courtesy)

Net profit for Li-Ning in the first half of this year fell 3.1 per cent from a year ago to 1.402 billion yuan ($293 million) despite a 13 percent increase in revenue to 2.12 billion yuan.

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