The Zhitong Finance App learned that Goldman Sachs released a research report stating that it will lower the target price of Ningde Era (03750.HK) H shares to HK$859 to maintain the “buy” rating. The bank expects the company's net profit for the third quarter to reach 24 billion yuan, an increase of 30% over the previous year, mainly driven by strong sales of 260 GWh, but net profit per unit is expected to drop to about 93 yuan per kWh.

The Zhitong Finance App learned that Goldman Sachs released a research report stating that it will lower the target price of Ningde Era (03750.HK) H shares to HK$859 to maintain the “buy” rating. The bank expects the company's net profit for the third quarter to reach 24 billion yuan, an increase of 30% over the previous year, mainly driven by strong sales of 260 GWh, but net profit per unit is expected to drop to about 93 yuan per kWh.