HK Stock Market Move | POU SHENG INT'L (03813) fell by more than 7% in the afternoon. The company's sales on the platform of Nike product line in mainland China will be completely terminated from next year.

POU SHENG INT'L (03813) fell more than 7% in the afternoon, dropping 7.25% to HK$0.32 with a trading volume of HK$2.8916 million. On the news front, POU SHENG INT'L issued an announcement on the afternoon of July 22. The group received a notification from Nike that the group's current sales of Nike products on online platforms in mainland China will be completely terminated starting from January 1, 2027. For the fiscal year ending December 31, 2025, revenue from sales on the Nike product line online platform accounted for approximately 15% of the group's total revenue, but did not contribute significantly to the group's profitability. The group will continue to work closely with Nike to jointly promote the continuous optimization of market channel ecology, and jointly create a higher quality experience for consumers.