Core Viewpoint - The sportswear stocks have collectively risen, driven by improved export conditions and positive market sentiment in the textile and apparel sector due to optimized US-China tariff policies [1] Group 1: Stock Performance - Yue Yuen Industrial Holdings (00551) increased by 4.46%, trading at HKD 17.35 [1] - Li Ning (02331) rose by 4.58%, trading at HKD 18.49 [1] - 361 Degrees (01361) saw a 3.07% increase, trading at HKD 6.05 [1] - Xtep International (01368) gained 2.98%, trading at HKD 5.53 [1] Group 2: Market Analysis - Shenwan Hongyuan's report indicates that textile and apparel exports improved month-on-month in November, contributing to a recovery in the export chain's prosperity [1] - Recent revenue tracking shows that in November, Feng Tai's revenue decreased by 11.8%, Yue Yuen's shoemaking business by 2.4%, while Ju Yang's revenue increased by 0.5% year-on-year [1] - Both Yue Yuen and Ju Yang showed month-on-month improvement, with a positive outlook on the opportunities arising from the recovery of the Nike supply chain in the sports manufacturing sector [1] Group 3: Investment Recommendations - Guosheng Securities emphasizes the importance of focusing on quality stocks with stable growth or reversal logic in the branded apparel sector [1] - The report highlights the recommendation of Tmall, a Nike retailer in Greater China, as a stock with reversal potential [1] - The resilience of the sports footwear and apparel sector in a volatile environment is noted, with long-term growth potential, recommending quality stocks such as Anta Sports and Li Ning [1]