Group 1 - The core point of the article highlights that southbound funds have increased their holdings in Shenzhou International (02313.HK) by 250,200 shares on January 8, with a total net increase of 2,575,200 shares over the past five trading days [1] - Over the last 20 trading days, southbound funds have increased their holdings on 13 occasions, resulting in a cumulative net increase of 6,013,500 shares [1] - As of now, southbound funds hold 108 million shares of Shenzhou International, accounting for 7.16% of the company's total issued ordinary shares [1] Group 2 - Shenzhou International Group Holdings Limited primarily engages in the production and sale of knitted apparel products, operating as an investment holding company [1] - The company's main business involves manufacturing knitted products for clients through a combination of Original Equipment Manufacturing (OEM) and Original Design Manufacturing (ODM) [1] - The product categories include sportswear, casual wear, underwear, and other knitted products, with operations conducted in both domestic and international markets [1]

Group 1 - Schroders PLC increased its stake in Shenzhou International (02313) by 591,100 shares at a price of HKD 60.9957 per share, totaling approximately HKD 36.0546 million [1][3] - After the increase, Schroders PLC's total shareholding in Shenzhou International reached approximately 121 million shares, representing a holding percentage of 8.03% [1][3]

Group 1 - The core point of the article is that Schroders PLC has increased its stake in Shenzhou International (02313.HK) by purchasing 591,100 shares at an average price of HKD 60.9957 per share, resulting in a total investment of approximately HKD 36.055 million [1] - Following this transaction, Schroders PLC's total shareholding in Shenzhou International has risen to 120,690,850 shares, which represents an increase in ownership percentage from 7.99% to 8.03% [1][2]

Group 1 - Schroders PLC increased its stake in Shenzhou International (02313) by 591,100 shares at a price of HKD 60.9957 per share, totaling approximately HKD 36.0546 million [1] - Following the increase, Schroders PLC's total shareholding in Shenzhou International is approximately 121 million shares, representing a holding percentage of 8.03% [1]

Group 1 - The core point of the article is that Schroders PLC has increased its stake in Shenzhou International (02313) by acquiring 591,100 shares at a price of HKD 60.9957 per share, totaling approximately HKD 36.0546 million [1] - After the acquisition, Schroders PLC's total shareholding in Shenzhou International is approximately 121 million shares, representing a holding percentage of 8.03% [1]

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12月31日 狀態: 新提交 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: 2026年1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 | | | 3,000,000,000 | HKD | | 0.1 | HKD | ...

Group 1 - The market may have overlooked positive signals for Shenzhou International from Nike's performance, as Nike's apparel sales grew by 4% year-on-year, despite being lower than the previous quarter's 7% growth due to a high base effect [1] - Nike's apparel sales in North America and Europe recorded positive growth during the period, which is beneficial for Shenzhou International, as approximately 40% of its sales come from these regions [1] - In the Greater China region, Nike's apparel sales only declined by 6% year-on-year, significantly less than the 20% drop in footwear sales; this region now accounts for only 11% of Nike's total sales, limiting its impact on Shenzhou International [1] Group 2 - Morgan Stanley's report indicates that Nike's Q2 FY2026 performance negatively affected Shenzhou International's stock performance; however, the market tends to view Shenzhou International as a representative of the domestic sportswear sector in China, while over 75% of its sales come from markets outside China, suggesting resilience in other markets [2] - The recent decline in Shenzhou International's stock price presents a good buying opportunity, with a target price set at HKD 72 and a rating of "Overweight" [2]

Group 1 - Citi's report indicates that Nike (NKE.US) projects a low single-digit decline in revenue for Q3 of FY2026, aligning with market expectations of a 1% drop [1] - In Q2 performance, North America showed a strong recovery with a 9% revenue increase, primarily driven by a 24% growth in wholesale business, although this growth was largely offset by a 16% decline in revenue from Greater China [1] - Citi believes that if the stock price of Shenzhou International (02313) experiences a pullback due to Nike's cautious outlook, it would present a better buying opportunity, setting a target price of HKD 94 and a "buy" rating [1] Group 2 - Shenzhou International's management has recently provided conservative expectations, anticipating a slowdown in sales growth to mid-single digits in the second half of 2025, which is below Citi's previous forecast of high single digits [1] - Citi's projections are believed to largely reflect the impact of Nike's cautious outlook, but they expect Nike's sales orders for Shenzhou International in 2026 to remain flat rather than decline [1] - Based on visibility of orders from four major clients, Shenzhou International is still expected to achieve high single-digit sales growth in 2026 [1]

Core Viewpoint - Morgan Stanley's report indicates that Nike's Q2 FY2026 performance negatively impacted the stock performance of Shenzhou International, but the latter is positioned to benefit from resilience in markets outside China [1] Group 1: Nike's Performance - Nike's apparel sales grew by 4% year-over-year at constant currency, although this is lower than the previous quarter's 7% growth due to a high base effect [1] - Apparel sales in North America and Europe recorded positive growth during the period, which is beneficial for Shenzhou International as approximately 40% of its sales come from these regions [1] - In Greater China, Nike's apparel sales declined by only 6% year-over-year, significantly better than the 20% drop in footwear sales; this region now accounts for only 11% of Nike's total sales, limiting its impact on Shenzhou International [1] Group 2: Shenzhou International's Outlook - The market tends to view Shenzhou International as a representative of the domestic sportswear sector in China, but over 75% of its sales come from markets outside China, suggesting it may benefit more from resilience in other markets [1] - The recent decline in Shenzhou International's stock price presents a good buying opportunity, with Morgan Stanley setting a target price of HKD 72 and an "Overweight" rating [1]

Core Viewpoint - Morgan Stanley's research report indicates that Nike's Q2 FY2026 performance negatively impacted Shenzhou International's performance, but the market may overlook positive signals for Shenzhou from Nike's results [1] Group 1: Nike's Performance - Nike's apparel sales grew by 4% year-on-year in the quarter, although this was lower than the previous quarter's growth of 7%, attributed to a high base effect [1] - Nike's apparel sales in North America and Europe recorded positive growth during the period, which is beneficial for Shenzhou International as approximately 40% of its sales come from these regions [1] - In Greater China, Nike's apparel sales only declined by 6% year-on-year, significantly better than the 20% decline in footwear sales; this region now accounts for only 11% of Nike's total sales, limiting its impact on Shenzhou International [1] Group 2: Shenzhou International's Market Position - The market tends to view Shenzhou International as a representative of the domestic sportswear sector in China, but over 75% of its sales come from markets outside of China, suggesting it may benefit more from resilience in other markets [1] - The recent decline in Shenzhou International's stock price presents a good buying opportunity, with Morgan Stanley setting a target price of HKD 72 and maintaining an "Overweight" rating [1]