Investment Rating - The report maintains a "Buy" rating for key companies in the textile and apparel sector, including Anta Sports, Li Ning, and Xtep International, with respective 2025 PE ratios of 18x, 18x, and 11x [11][27]. Core Insights - Nike's FY2026 Q1 revenue decreased by 1% year-on-year to $11.7 billion, with a net profit decline of 31% to $727 million. The company anticipates a low single-digit revenue decline for FY2026 Q2, while wholesale business revenue is expected to see moderate growth [1][16]. - The report highlights the ongoing inventory reduction efforts across major regions, with North America showing a 4% revenue increase, while the Greater China region experienced a 10% revenue decline [23][24]. - The sportswear segment is expected to outperform the broader apparel market, with a healthy inventory turnover ratio of 4-5 for major brands [3][24]. Summary by Sections Nike's Performance - Nike's North America revenue grew by 4% year-on-year, driven by a 11% increase in wholesale business, while direct sales fell by 3% [23]. - In the EMEA region, revenue increased by 1%, with a notable performance in functional categories like running, which saw double-digit growth [23]. - The Greater China region faced challenges, with a 10% revenue decline, necessitating a focus on improving new product sales [23][24]. Market Outlook - The report emphasizes the long-term growth potential of the sportswear sector, particularly for companies with strong operational fundamentals like Anta Sports, which is noted for its excellent group operation capabilities [3][27]. - The report also identifies opportunities in the textile manufacturing sector, particularly for companies like Shenzhou International, which has a low exposure to the U.S. market and a strong international supply chain [26][37]. Key Recommendations - The report recommends investing in companies with strong performance metrics, such as Anta Sports, Li Ning, and Xtep International, while also highlighting the potential of Shenzhou International and Huali Group in the manufacturing space [11][27][37]. - It suggests that companies with robust product differentiation and brand strength, like Chow Tai Fook and Chao Hong Ji, are likely to outperform in the jewelry sector [25].

Group 1 - The US stock market showed mixed performance, with the Dow Jones rising by 0.5%, while the Nasdaq initially increased before falling by 0.3%, and the S&P 500 remained stable [3] - The Golden Dragon Index, which reflects the performance of Chinese concept stocks, declined by 1.2% [3] Group 2 - The Hong Kong stock market performed well last week, with the Hang Seng Index gaining 1,012 points or 3.88%, closing at 27,140 points, while the Tech Index rose by 6.9% to close at 6,622 points [4] - Semiconductor company SMIC (00981.HK) was the best-performing constituent stock, rising nearly 25% over the week, with six other stocks also increasing by over 10%, including Kuaishou (01024.HK) up over 17% and Xinyi Solar (00968.HK) up 14.7% [4] - The worst-performing constituent stock was Pop Mart (09992.HK), which fell by over 4%, with its stock price down more than 25% from its peak [4] - Real estate-related stocks experienced adjustments, with China Resources Mixc (01209.HK) down 3.5%, Longfor (00960.HK) and R&F Properties (01109.HK) down nearly 2.4% and 1.8% respectively, while China Overseas (00688.HK) slightly outperformed peers with a 0.5% increase [4] - Zijin Mining's spin-off, Zijin Gold International (02259.HK), had a strong debut, being quickly included in the Hang Seng Composite Index, with its stock price closing at 120.6 HKD, nearly 90% higher than its IPO price [4] Group 3 - The Hang Seng Index remained above the 10-day moving average (26,600 points), indicating a stable trend, and as long as it stays above this level, the upward trend is expected to continue [5]

每经AI快讯，10月2日，港股申洲国际(02313.HK)涨超6%，截至发稿，涨6.08%，报65.4港元，成交额 3.29亿港元。 ...

银河证券指出，申洲国际客户群体覆盖运动、休闲服装品牌，2024年NIKE、ADIDAS、UNIQLO、 PUMA四大客户合计贡献年度总营收的80.7%，稳固核心业务基本盘。近年公司持续拓展新客户，与 lululemon、Lacoste新达成合作。同时，公司通过专用工厂模式与研发协同深度绑定客户，为客户提供 采用涵盖面料研发至成衣制造的全产业链ODM"一站式"服务模式。 申洲国际(02313)涨超6%，截至发稿，涨6.08%，报65.4港元，成交额3.29亿港元。 消息面上，北京时间2025年10月1日凌晨，耐克公布2026财年第一季度财报。财报显示，耐克本季度营 收达到117亿美元，高于市场预期的110.2亿美元，在报告基础上较去年同期增长1%，毛利率为42.2%， 高出市场预期的41.7%。每股收益为0.49美元，高出市场预期的0.27美元。北美、欧洲、中东和非洲市 场营收同比全面增长，大中华区库存同比下降了11%，调整库存已经有所成效。 ...

银河证券指出，申洲国际客户群体覆盖运动、休闲服装品牌，2024年NIKE、ADIDAS、UNIQLO、 PUMA四大客户合计贡献年度总营收的80.7%，稳固核心业务基本盘。近年公司持续拓展新客户，与 lululemon、Lacoste新达成合作。同时，公司通过专用工厂模式与研发协同深度绑定客户，为客户提供 采用涵盖面料研发至成衣制造的全产业链ODM"一站式"服务模式。 消息面上，北京时间2025年10月1日凌晨，耐克公布2026财年第一季度财报。财报显示，耐克本季度营 收达到117亿美元，高于市场预期的110.2亿美元，在报告基础上较去年同期增长1%，毛利率为42.2%， 高出市场预期的41.7%。每股收益为0.49美元，高出市场预期的0.27美元。北美、欧洲、中东和非洲市 场营收同比全面增长，大中华区库存同比下降了11%，调整库存已经有所成效。 智通财经APP获悉，申洲国际(02313)涨超6%，截至发稿，涨6.08%，报65.4港元，成交额3.29亿港元。 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 FF301 II. 已發行股份及/或庫存股份變動 致：香港交易及結算所有限公司 公司名稱: 申洲國際集團控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02313 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,000,000,000 | HKD | | 0.1 | HKD | | 300,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 3,000,000,0 ...

Core Viewpoint - The stock of Shenzhou International has seen significant gains, reaching a new high in nearly a year, indicating strong market performance and investor interest [1] Company Summary - Shenzhou International's stock price increased by over 5% during trading, peaking at 64.95 HKD per share, which is the highest level in almost a year [1] - Currently, the stock is up more than 3% from its previous trading session [1]

SHENZHOU INTERNATIONAL GROUP HOLDINGS LIMITED 申洲國際集團控股有限公司* (incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock code 股份代號: 2313) Dear non-registered shareholder(s), Shenzhou International Group Holdings Limited (the "Company") – Notice of Publication of Interim Report (the "Current Corporate Communication") The Current Corporate Communication of the Company has been published in English and Chinese languages and are available on the website of the Company www.shenzhouintl.com ...

申洲國際集團控股有限公司* SHENZHOU INTERNATIONAL GROUP HOLDINGS LIMITED Pursuant to Rule 2.07A of the Rules Governing The Listing of Securities on The Stock Exchange of Hong Kong Limited under the expansion of paperless listing regime and electronic dissemination of Corporate Communications that came into effect on 31 December 2023, the Company is writing to inform you that the Company has adopted electronic dissemination of Corporate Communications. Please note that both the English and Chinese versions of all future ...

甲洲國際集團控股有限公司* 股份編號: 2313 日 期 報告 僅供識別ノ● 目錄 | 公司資料 | 2 | | --- | --- | | 二零二五年中期業績摘要 | 4 | | 管理層討論及分析 | 5 | | 中期簡明綜合損益表 | 14 | | 中期簡明綜合全面收益表 | 15 | | 中期簡明綜合財務狀況表 | 16 | | 中期簡明綜合權益變動表 | 18 | | 中期簡明綜合現金流量表 | 19 | | 中期簡明綜合財務報表附註 | 22 | | 其他資料 | 39 | 公司資料 註冊名稱 Shenzhou International Group Holdings Limited 中文名稱 申洲國際集團控股有限公司 董事會 執行董事 馬建榮先生 （執行主席） 黃關林先生 （總裁兼聯席首席執行官） 馬仁和先生 （總裁兼聯席首席執行官） 王存波先生 胡紀軍先生 獨立非執行董事 張炳生先生 劉春紅女士 劉興高先生 王飛絨女士 公司秘書 陳德興先生 授權代表 王存波先生 陳德興先生 董事會主要委員會 審核委員會 王飛絨女士 （主席） 張炳生先生 劉春紅女士 劉興高先生 薪酬委員會 張炳生先生 （主席） ...