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Bank of America Securities published a research report stating that Shenzhou International's mid-term revenue fell 5.3% year on year, and net profit fell 40% year on year, in line with earlier profit forecasts. Gross margin fell 4.5 percentage points year on year. The decline was larger than expected. It was mainly affected by exchange rates, labor costs, raw material costs, and tariffs. Based on the interim results, the bank lowered Shenzhou International's 2026 and 2027 earnings forecasts per share by 5% and 3%, and lowered the target price from HK$50 to HK$49.6, maintaining a “buy” rating.

Zhitongcaijing·08/26/2026 04:01:03
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Bank of America Securities published a research report stating that Shenzhou International's mid-term revenue fell 5.3% year on year, and net profit fell 40% year on year, in line with earlier profit forecasts. Gross margin fell 4.5 percentage points year on year. The decline was larger than expected. It was mainly affected by exchange rates, labor costs, raw material costs, and tariffs. Based on the interim results, the bank lowered Shenzhou International's 2026 and 2027 earnings forecasts per share by 5% and 3%, and lowered the target price from HK$50 to HK$49.6, maintaining a “buy” rating.