Core Viewpoint - The major shareholder of Wah Lee Group, a key supplier for Nike, is planning to reduce its stake, which may be influenced by changes in U.S. market tariffs [1][2]. Company Summary - Wah Lee Group's controlling shareholder, Hong Kong Junyao, holds 972,750,000 shares (83.35% of total shares) and 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]. - The total cash raised from this reduction is estimated to be approximately 961 million yuan based on the closing price of 54.92 yuan per share on September 22, 2025 [1]. - Wah Lee Group's revenue for the first half of 2025 increased by 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 [2]. - The company reported a revenue increase of 9.0% year-on-year to 7.31 billion yuan in the second quarter of 2025, with a net profit decline of 16.7% to 910 million yuan [2]. Industry Summary - The global athletic footwear industry is facing challenges due to increased macroeconomic pressures and uncertainties in international trade policies [2]. - Wah Lee Group is particularly reliant on the U.S. market, which accounted for 85.00% of its revenue in 2024, making it the largest sales source for the company [2]. - The company is experiencing discussions with some clients regarding cost issues related to tariffs, indicating potential impacts on future profitability [2].
华利集团大股东年内再减持：为耐克主要供应商