GO
| HSI1 | 23,919.50 | 0.00 | -- |
| HSCEI1 | 8,057.59 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
|
2026-11-04 10:12:48 Haitong International issued a research report stating that YOFC (06869.HK)'s third-quarter revenue surged 139.4% YoY to RMB9.316 billion, 10.6% above market expectations, while net profit reached RMB3.2 billion, broadly in line with expectations. Gross margin fell 3.2 ppts QoQ to 57.4%, which was 4.6 ppts below market expectations. Haitong International believes the earnings peak will still emerge before additional production capacity comes onstream. It raised its 2026-2028 net profit forecasts by 32%, 40% and 30% respectively to RMB9.1 billion, RMB13.1 billion and RMB11.2 billion, reflecting a higher sales base anchored by actual performance in the first nine months. The broker still expects a peak in 2027, after which falling spot prices and new capacity additions from 2H27 may lead to a 14% decline in 2028 profit. The broker also sharply cut the TP from the previous HKD237 to HKD144, representing a 39.2% reduction, while maintaining its Overweight rating.(gc/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |