The Zhitong Finance App learned that Bank of America released a research report saying that Shenzhou International (02313.HK) issued a profit warning last Friday. It is expected that profits will fall 38-43% in the first half of the year, mainly affected by the appreciation of the RMB, rising costs of raw materials and labor and pensions, and a slight decline in sales. The target price of Shenzhou International was lowered by 6% to HK$50 to reaffirm the “buy” investment rating.

The Zhitong Finance App learned that Bank of America released a research report saying that Shenzhou International (02313.HK) issued a profit warning last Friday. It is expected that profits will fall 38-43% in the first half of the year, mainly affected by the appreciation of the RMB, rising costs of raw materials and labor and pensions, and a slight decline in sales. The target price of Shenzhou International was lowered by 6% to HK$50 to reaffirm the “buy” investment rating.