Shenzhou International Group Holdings Limited unsponsored ADR (02313) fell more than 4%, as of press time, fell 4.32%, reported 73.15 Hong Kong dollars, turnover of 249 million Hong Kong dollars.
According to the Zhitong Financial APP, Shenzhou International Group Holdings Limited unsponsored ADR (02313) fell more than 4% again. As of press time, it fell 4.32%, reported 73.15 Hong Kong dollars, and the turnover was 249 million Hong Kong dollars.
Recently, Nike released its financial report for the fourth quarter and full year of fiscal year 2024. The financial report shows that the fourth quarter of fiscal year 2024 has a revenue of 12.61 billion U.S. dollars, a year-on-year decrease of 2%, which is lower than the expected 12.84 billion U.S. dollars. In addition, Nike expects revenue in the first quarter of fiscal year 2025 to decline by about 10%, while the market expects a decline of 3.2%. Nike expects revenue to decline by a mid-single-digit percentage in fiscal year 2025, while the expected growth is 0.91%. Nike expects sales in the first half of the year to decrease by a high-single-digit percentage, while the previous forecast was a low single-digit decline.
It is reported that Nike is the largest customer of Shenzhou International, accounting for 31.1%. Citigroup's research report pointed out that although Nike's revenue guidance for the first half and full year of fiscal year 2025 is weaker than expected, as Shenzhou International has ensured a year of channel replenishment, it is confident in its fiscal year 2024 performance and believes that the stock price is weakened by Nike, providing a buying opportunity.