Li Ning Company said in a preliminary statement that its earnings will reach a level of at least 1.8 billion yuan renminbi (€233m-$279m) in the first half of this year, almost three times higher than the RMB 683.4 million reported for the first half of 2020, thanks to a jump in revenues of about 60 percent. The company also said that its final results, due to be published in August, will show an improvement in the operating margin. The Chinese company’s sales and profits had both declined in the first half of 2020, due to the impact of the coronavirus epidemic. Anta Sports Products has already issued a similarly positive profit warning for the period, mentioning a growth of at least 50 percent in overall revenues for the first half. In the case of Li Ning, most of the progress was apparently recorded in the first quarter, as the company had previously mentioned a sales increase of more than 85 percent for the three months. Evidently, the pandemic had a stronger effect on Li Ning’s sales last year than the boycott of Western sports brands in the last few months.