According to the app of CFO's Intelligence, Shenzhou International (02313) fell nearly 4%. As of press time, it fell 3.79% to HKD 73.55 with a turnover of HKD 293 million.

Nike recently released its fourth-quarter and full-year financial report for fiscal year 2024. The financial report showed that the fourth-quarter revenue for fiscal year 2024 is USD 12.61 billion, down 2% year-on-year, lower than the expected USD 12.84 billion. In addition, Nike expects that the first-quarter revenue for fiscal year 2025 will decrease by about 10%, while the market expects a 3.2% decrease. It is reported that Nike is the largest customer of Shenzhou international, accounting for 31.1%.

According to the research report released by Citigroup, although Nike's revenue guidance for the first half and full year of fiscal year 2025 is weaker than expected, it has confidence in its fiscal year 2024 performance due to Shenzhou International's channel replenishment. Jefferies financial report pointed out that even after adjusting the data according to the changes in this year's 618 promotion period, the overall demand for sportswear in June was still weaker than May. Factors such as consumption downgrading, insufficient product innovation, and weak Olympic marketing have all affected sales. It provides a buying opportunity despite the weakness dragged by Nike's stock price.