CICC has released a report forecasting that China Resources Mixc's revenue will increase by 15%-20% YoY in the first half of the year, and core net income will increase by over 20% YoY, which is in line with the bank's and the market's expectations. The bank maintains its earnings forecast, 'outperforming the industry' rating, and a target price of HKD 35. CICC believes that the shopping center sector will experience steady growth, mainly due to the contribution of newly opened projects and relatively resilient comparable sales. The bank expects the company's retail sales at the managed shopping centers to increase by 15%-20% YoY in the first half of the year, benefiting from the opening of new projects in the past year and double-digit growth in newly opened projects.