海通国际指出，申洲国际海外扩产稳步推进，越南面料工厂扩建完成，进一步加大了对海外工厂的面料供应保证，同时越南新建成衣工厂已完成土建项目和一半以上生产车间的设备安装，将逐步增加员工聘用人数，柬埔寨聘用员工规模达到1.4万人，海外产能增加将继续扩大公司在全球供应链的优势，我们看好待下游国内外需求均恢复正常后，公司重现作为优质制造商的龙头地位。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 Looking ahead, due to the transition of CEOs, and with three quarters remaining in the current fiscal year, Nike has withdrawn its full-year performance guidance and provided quarterly guidance; it is expected that second-quarter revenue will decline by 8%-10%.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.
