HK Stock Market Move | (00625) up over 5% intraday; adds 737,000-square-foot automated warehouse in Indiana.

(00625) rose over 5% intraday. As of press time, it was up 4.21% at HK$38.64, with a turnover of HK$31.0635 million. On the news front, according to reports, Shein has newly opened a 737,000-square-foot warehouse in Indiana, further expanding the company's footprint in the state. This warehouse expansion comes against the backdrop of the United States abolishing the "de minimis" tax exemption policy for small parcels under $800 and a sharp rise in cross-border direct shipping costs, making it an important move by the company to strengthen its local fulfillment capabilities and hedge against tariff and logistics risks. Huaxi pointed out that as the world's leading fashion cross-border e-commerce company, the company has in recent years been mainly affected by the overseas abolition of the de minimis tax exemption policy and intensifying competition, but we remain bullish on the company's moat advantages, namely its LATR flexible supply chain, overseas warehouses, and customer base with high repurchase rates.