On July 3, Shenzhou International rose 3.18% in regular trading, trading at HKD 41.96/share, with turnover of HKD 141 million. The rally was driven by Nike's guidance for gross margin expansion in FY2027 Q1, benefiting Shenzhou as one of Nike's core suppliers.

Nike, Shenzhou International's second-largest client, reported better-than-expected FY2026 Q4 results and confirmed approximately USD 986 million in IEEPA tariff refund recoveries, contributing roughly 900 basis points of gross margin expansion. Analysts noted this helps alleviate material cost inflation pressure at Nike and could be partially shared with Asian supply chain partners including Shenzhou. Separately, JPMorgan increased its stake by 1.31 million shares at approximately HKD 44.71 per share in mid-June, lifting its holding to about 9.01%, signaling institutional confidence in current valuations.

Citi expects Shenzhou to achieve mid-single-digit revenue growth this year, with Adidas and Uniqlo delivering double-digit growth as the two strongest client contributors. Within the Apparel, Accessories and Luxury Goods sector, LAOPU GOLD rose 8.04%, ANTA SPORTS rose 1.78%, and SAMSONITE rose 0.80%.

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