The Zhitong Finance App learned that Extraordinary Leadership (00933) once rose more than 8%. As of press release, it had risen 4.4% to HK$0.475, with a turnover of about HK$526,600.

According to the news, Li Ning announced yesterday after the market that the board of directors has resolved to approve the declaration and payment of a special dividend of RMB 2.32 per common share (corresponding to HK$2.71 per share). Based on 2,585 billion common shares, the total corresponding dividend payout is approximately RMB 6 billion. Calculating the special dividend corresponds to the dividend rate of about 18.4% of the current stock price.

CITIC Lyon believes that this dividend payment can strengthen the balance sheet that the largest shareholder has taken extraordinary advantage of. Extraordinary Lingyue's shareholding in Li Ning increased from 10.53% at the end of 2024 to 19.33% at present. Assuming that Extraordinary Lingyue's shareholding remains unchanged, the group will collect about 1.16 billion yuan in dividends, which can provide room for debt reduction if used for repayment.

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