The Zhitong Finance App learned that sporting goods stocks generally declined today. As of press release, China Trend (03818) fell 8.47% to HK$0.27; Taobo (06110) fell 6.25% to HK$5.55; Li Ning (02331) fell 6.21% to HK$16.32; and Tep International (01368) fell 4.76% to HK$4.

Goldman Sachs recently released a research report, lowering Li Ning's profit forecast for 2023 to 2026 by 11% to 15%, based on slowing sales growth, higher operating expenses, and lower non-operating profit, but gross margin will improve slightly. The bank continued that Li Ning's inventory levels and market discounts are within manageable limits, but due to the limited purchasing power of the public and the group's ongoing comprehensive restructuring, additional expenses and one-time costs required for operational deleveraging will increase dramatically.

Huatai Securities previously indicated that since consumer confidence is still low, it is expected that the growth rate of the brand apparel sector may slow down in 2024 after retail sales of branded clothing return to normal. However, the company's inventory is healthier than a year ago, and it is expected that it will be lightweight in 2024.