Shenzhou International (02313) fell nearly 4% in the final trading session, as of the press time, down 3.51% to HK$60.4, with a turnover of 0.259 billion Hong Kong dollars.
According to the Wisdom Financial APP, Shenzhou International (02313) fell nearly 4% in the final trading session, down 3.51% to HK$60.4 as of the press time, with a turnover of 0.259 billion Hong Kong dollars.
On the news front, Nike recently released its performance report, with a 10% year-on-year decline in revenue for the first quarter of the 2025 fiscal year, which basically meets expectations and guidance. Looking ahead, due to the transition of CEOs, and with three quarters remaining in the current fiscal year, Nike has withdrawn its full-year performance guidance and provided quarterly guidance; it is expected that second-quarter revenue will decline by 8%-10%. It is reported that Nike is Shenzhou International's largest customer, accounting for 31.1% of the total.
Haitong Int'l pointed out that Shenzhou International's overseas expansion is steadily progressing, with the completion of the expansion of the Vietnam fabric factory, further increasing the guarantee of fabric supply to overseas factories. At the same time, the new garment factory in Vietnam has completed the civil construction project and the installation of equipment in over half of the production workshops, gradually increasing the number of employee hires. Cambodia has employed 0.014 million people, and the increase in overseas production capacity will continue to expand the company's advantages in the global supply chain. We are bullish that after downstream domestic and foreign demand returns to normal, the company will once again take its leading position as a high-quality manufacturer.