[02331.HK opened with an increase of more than 13%. Retail flow recorded a year-on-year growth in the first quarter.] as of press time, Li Ning (Li Ning) rose 13.24% as of press time. According to yesterday's announcement, Li Ning's point of sale (excluding Li Ning YOUNG) recorded a year-on-year increase in retail flow on all platforms. As far as channels are concerned, offline channels (including retail and wholesale) recorded high unit growth, of which retail (direct operating) channels recorded 10% of 20% mid-term growth and wholesale (franchisor) channels recorded medium-unit growth; e-commerce virtual store business recorded a 10% low-level decline of 20%.