Li-Ning sees its losses widen in H1

Leading sportswear company Li-Ning has seen a widening loss of 586 million yuan ($95.2 million) as a result of high inventory and bad debt despite the company's efforts to transform its supply chain and store network in the first half of 2014.

The company's revenue in the first six months was 3.13 billion yuan, a year-on-year increase of 8 percent, mainly due to higher sales of new products with the expanded self-owned retail network.

But its loss attributed to equity holders was increased from 184.2 million yuan last year to 585.8 million yuan.