On August 3, SHENZHOU INTL fell 3.01% in regular trading, trading at 43.16 HKD/share, with turnover of approximately 85.50 million HKD.
The Apparel, Accessories & Luxury Goods sector showed broad weakness, with ANTA SPORTS down 2.41%, LI NING down 1.91%, LAOPU GOLD down 0.49%, and BOSIDENG down 0.40%. The selling pressure comes amid notably elevated short selling activity in SHENZHOU INTL, which recorded a short-selling ratio of 34.14% on July 31, ranking third highest in the sector.
The decline also occurs ahead of the company's board meeting scheduled for August 25, where directors will review and approve interim results for the six months ended June 30 and consider an interim dividend. Market caution ahead of earnings may be contributing to the weakness, particularly given that the company's full-year results reported in March showed net profit declining 6.7% year-over-year to RMB 5.825 billion, missing analyst expectations, with gross margin contracting 1.8 percentage points to 26.3%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)