The analyst rating from UBS for LI NING is a "Buy" due to the company's significantly better-than-expected financial performance in 2H25. The reasons for this rating include a 13% year-over-year increase in net profit, which exceeded both UBS's and market expectations, as well as a 14% growth in EBIT that surpassed UBS's forecast by 25%. The strong results were attributed to forecast-beating revenue growth, an improved gross margin, a lower-than-expected effective tax rate, and effective control of operating expenses. UBS has set a target price of HKD28.6 for the stock.
