SHENZHOU INTL (02313) fell more than 3%, trading at HK$61.05 by the time of writing, with a turnover of HK$123 million. The decline follows Nike's release of its Q2 FY2026 earnings report after Thursday's market close, which sent its shares plunging over 10%. Despite beating market expectations in both revenue and earnings, Nike's net profit dropped year-on-year due to margin compression and ongoing pressure in its direct-to-consumer business. The company reported a 32% decline in net profit to $792 million, down from $1.16 billion in the same period last year. Revenue in Greater China also fell 17% to $1.7 billion, while EBIT contracted sharply by 49%.

Citigroup recently trimmed SHENZHOU INTL's 2025–27 earnings forecasts by 2% and lowered its target price from HK$95 to HK$94, though it maintained a "Buy" rating. The bank suggested the stock decline may reflect management's conservative sales outlook but presents a buying opportunity, citing an expected FY2026 dividend yield of 4.8% and a 12% CAGR in EPS over the next three years.