Corporate Presentation - Li Ning

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Corporate Presentation - Li Ning

Encouraging Net Profit & MarginRMB’M140120100Net Profit94.0Not less than122.58.0%7.5%Net Margin7.4%806049.666.97.0%6.8%7.0%406.5%2002001 2002 2003 2004F6.0%2001 2002 2003F: Profit forecastNet profit in 2003 was RMB94.0 million, representingY-o-Y growth of 40.5%Profit forecast for 2004 is not less than RMB122.5 millionNet profit CAGR for 2001-2004 of not less than 35%32

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