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2021-04-19 17:50:37
LI NING Q1 retail sell-through increases by high-eighties

(Infocast News) LI NING (02331) said that for the first quarter ended 31 March 2021, the retail sell-through of LI-NING POS (exclude LI-NING YOUNG) for the overall platform increased by high-eighties on a year-on-year basis. In terms of channels, offline channel (include retail and wholesale) registered a low-eighties growth, with retail increased by low-nineties and wholesale increased by low-eighties; the e-commerce virtual stores business registered around 100% growth.

As at 31 March 2021, the total number of LI-NING POS (exclude LI-NING YOUNG) in China amounted to 5,784, representing a net decrease of 128 POS since the beginning of this

year. Among the net decrease of 128 POS, direct retail accounts for a net decrease of 24 POS, and wholesale accounts for a net decrease of 104 POS.

As at 31 March 2021, the total number of LI-NING YOUNG POS in China amounted to 1,015, representing a net decrease of 6 POS since the beginning of this year.

Due to the COVID-19, all offline stores were closed during part of the first quarter of 2020. Hence, there is no store data to be reported under the SSS criteria during the first quarter of 2020 and the same period of 2021. (SY)