Li Ning Co., Ltd. is a leading player in the consumer durables industry based in China. Established in 1989, Li Ning focuses on providing a wide range of sportswear, footwear, and apparel under the Li Ning brand. With a low risk ESG score of 14.4, the company has successfully expanded its market presence through multiple sub-brands like China Li Ning and Li Ning 1990. As of 2021, Li Ning operated 1,232 stores directly and had 5,905 franchised outlets across China.