Core Viewpoint - The major shareholder of Wah Lee Group, a key supplier for Nike, is cashing out by reducing its stake in the company, which may be influenced by changes in U.S. market tariffs [1][2]. Group 1: Shareholder Actions - Wah Lee Group's controlling shareholder, Hong Kong Jun Yao, plans to reduce its holdings by up to 17,505,000 shares (1.5% of total shares) through block trading from October 14, 2025, to January 13, 2026 [1]. - Hong Kong Jun Yao currently holds 972,750,000 shares (83.35% of total shares) and has already reduced its stake by 17,505,000 shares since June 27, 2023, cashing out approximately 895 million yuan [1]. - The total cash amount from the planned reduction is estimated to be around 961 million yuan based on the closing price of 54.92 yuan per share on September 22, 2025 [1]. Group 2: Company Performance - In the first half of 2025, Wah Lee Group reported a revenue increase of 10.4% year-on-year to 12.66 billion yuan, while net profit attributable to shareholders decreased by 11.1% to 1.67 billion yuan [4]. - The second quarter of 2025 saw a revenue growth of 9.0% year-on-year to 7.31 billion yuan, but net profit fell by 16.7% to 910 million yuan [4]. - The decline in profit is attributed to production disruptions during the ramp-up of new factory capacities and a decrease in orders from some existing clients [4]. Group 3: Market Context - The U.S. market is crucial for Wah Lee Group, accounting for 85.00% of its revenue, making it the largest sales source for the company [4]. - The global athletic footwear industry is facing challenges due to increased macroeconomic pressures and uncertainties in international trade policies [2]. - Wah Lee Group remains confident in its long-term stable development, planning to continue building new factories despite current challenges [2].
9.61亿！耐克供应商华利集团大股东又套现了丨消费参考