0307 GMT - Shenzhou International Group's sales and gross profit margin are likely to remain under pressure this year, Nomura analysts say in a note. The Chinese apparel maker's 2H 2025 revenue growth slowed, mainly due to weakening sportswear demand in the China market, where sales declined. Full-year gross profit margin also fell, partly due to higher employment costs. Shenzhou's sales could continue to be weighed by volatilities in global demand for sportswear brands. Its gross profit margin might also face headwinds such as rising oil prices. Nomura maintains a buy rating on the stock, but lowers its target price to HK$67.80 from HK$68.30. Shares are 2.3% higher at HK$47.80.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 31, 2026 23:07 ET (03:07 GMT)
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