HK Stock Market Move | SHENZHOU INTL (02313) rose more than 4%. Nike expects gross profit margin to expand in the first quarter of fiscal year 27. The company's balanced customer portfolio continues to drive profit growth.

SHENZHOU INTL (02313) rose more than 4%, as of the time of writing, it has risen by 3.96% to 40.9 Hong Kong dollars, with a trading volume of 162 million Hong Kong dollars. On the news front, Citigroup released a research report pointing out that SHENZHOU INTL's second largest customer Nike (NKE.US) announced better-than-expected performance for the fourth quarter of the fiscal year ending in May 2026. Nike expects gross margin expansion in the first quarter of the fiscal year 2027. Citigroup pointed out that it is worth noting that Nike has confirmed around 986 million US dollars in duty refunds under the US Import Administration and National Security Act (IEEPA), which will expand its gross margin by approximately 900 basis points, helping to alleviate material cost inflation pressure for Nike and partially share with Asian suppliers such as SHENZHOU INTL. Citigroup also mentioned that based on current shipment conditions, the bank expects Shenzhou to achieve mid-single-digit revenue growth targets this year, with revenue from Adidas and Uniqlo expected to record double-digit growth. Citigroup is optimistic about SHENZHOU INTL's balanced customer portfolio continuing to drive profit growth.