Li Ning Co. Ltd., the Chinese sports brands, reported that
same-store sales growth for its Li-Ning brand products rose by only 3.6% in
last year's fourth quarter and about 3.9 % for the full fiscal 2010 year.

Li Ning said gross profit and net profit margins for 2010
were broadly in line with levels achieved in 2009, while new store openings
fell short of the target set at the beginning of 2010.

In addition, the company predicts that the growth rate of orders in the
third and fourth quarters will not be higher than the first two quarters.

As of the end of 2010, the total number of Li Ning branded stores had exceeded the company's 7,900 target.

Li
Ning's results for the year ended 31 December 2010, containing the
detailed financial information, are expected to be announced in mid
March 2011, the group added.