Performance Growth Bottlenecks &Nbsp; Lining Started The Brand War.

It was damaged in the two quarter of 2011, which was announced on Friday, the first two days of the week.

In December 22nd, Lining's stock price rebounded by 2.48% to HK $17.36, but it made up for huge losses.

"Companies rely too heavily on distributors to open stores to drive growth."

In response to this incident, Li Ning Co staff explained this.

Guo Jianxin, chief operating officer of Li Ning Co, believes that "sports goods companies rely on new businesses to increase their performance and have already touched the ceiling."

As of the evening of December 22nd, it is not clear whether there are still malignant incidents behind the above analytical explanations.

However, before Li Ning Co's share price plummeted, Lining, who wanted to shell out 08032.HK, revealed that the HKPC's GEM Listing Committee had ruled that the extraordinary Chinese takeover of Lining was about 30% stake in anti takeover pactions.

According to the Listing Rules of the Hongkong stock exchange, the so-called "anti takeover action" usually refers to a paction that may affect the company's control rights, or in disguised form the paction of assets to be listed.

A spokesman for the special China company said, "the company has ruled on the HKEx ruling that the acquisition of Lining by China is an anti takeover appeal.

The company still has confidence in the eventual completion of the purchase. The timetable for appeal will depend on the date of hearing of the stock exchange. {page_break}

Institutions sing empty

According to the information released by Li Ning Co, the order of Lining products will end in the second quarter of fiscal year 2011. The total value of orders calculated according to the retail tag price is equivalent to that of the same period in 2010, of which the average retail price of clothing and footwear products has risen by more than 8%, but the number of orders has decreased by more than 7% and 8% respectively.

Due to the adjustment of wholesale discounts to dealers, the total value of orders decreased by about 6% compared with that of wholesale shipments, and the order volume also declined.

After the Li Ning Co sent the above news, a number of agencies expressed their attitude toward Lining, which subsequently led to a continuous fall in Lining's share price, and the total value of the two trading days evaporated 4 billion 500 million Hong Kong dollars.

Construction Bank International released research report that Lining recorded sporting goods clothing enterprises in the second quarter of 2011, the worst record of orders, the growth rate of orders is larger than the market expectations, maintaining a weaker market rating, and the target price from the original 21.9 Hong Kong dollars to 15.2 Hong Kong dollars.

Jiayin International believes that the order volume of Li Ning Co's second quarter order will decrease by about 6%, representing the weakest among the sporting goods stocks. It is expected that the market share will decline in the market competition, and the outlook for the next two quarter will be weak.

Jiayin international therefore lowered its Li Ning Co earnings forecast 16%-19% in fiscal year 2011-2012.

In addition, Deutsche Bank and other agencies also published research reports expressing disappointment at Li Ning Co's performance.

In response to the reaction of the capital market, Li Ning Co spokesman said, "share price performance is the behavior of the market, and we will continue to do business well."