Changes in Hong Kong stocks | Nexteer (01316) falls by more than 5% Can the company successfully pass on rising costs and obtain OEM compensation will be a key variable in gross margin

The Zhitong Finance App learned that Nexteer (01316) fell by more than 5%. As of press release, it was down 4.71% to HK$3.84, with a turnover of HK$24.5523 million.

According to the news, Damo released a research report stating that Nexteer's 2026-2027 profit forecast was lowered by 5-10% to reflect that China's automobile production was weaker than expected and that gross margin pressure was greater than expected due to a sharp rise in raw material costs. Damo expects Nexteer's revenue to grow 7% year-on-year in 2026. Whether it can successfully pass on rising costs and receive OEM compensation will be a key variable in gross margin in 2026.