BOCI Securities stated in a report that since Nike lowered its profit guidance in June, it believes that Nike's issues are more serious than expected. On the one hand, it believes that the brand will face challenges in demand in the West and China, which will require one to two years of readjustment. On the other hand, this will bring uncertainty to the company's suppliers' orders. The bank expects downstream issues to be more severe, particularly in China. At the same time, considering the resilience of leading upstream companies in adjusting orders, it maintains a positive view on these companies. The bank maintains confidence in Shenzhou International's profitability, with a "buy" rating and a target price of HKD 93. The bank expects Anta to be an indirect beneficiary of Nike's predicament, with a "buy" rating and a target price of HKD 94.8. Considering the low visibility of Topsports' profitability, the rating is downgraded from "buy" to "hold" and the target price is reduced from HKD 7.5 to HKD 2.5.