Zhitong Financial APP learned that Lijin Technology (00558) remained depressed at the beginning of trading, down about 5 per cent. A number of agencies issued review reports that the company's interim results were lower than expected, so they lowered their profit forecasts and target prices, including a reduction of more than 20% in fiscal year 23. As of press time, Lijin Technology fell 5.08% to HK $7.47, with a turnover of HK $544 million.

A few days ago, the agency released a review report on Lijin Technology, saying that its interim results were lower than expected, so it lowered its profit forecast and target price. BofA cut its earnings per share forecast for fiscal 23-25 by 21 per cent, 22 per cent and 24 per cent, and lowered its target price from HK $21 to HK $17. Daiwa said it cut its 23-25 net profit forecast by 24 per cent to 44 per cent, cut its target price from HK $23 to HK $8.6, and downgraded its rating from "buy" to "outperform the market" because the machine delivery performance was lower than expected. Haitong estimates that the EPS for 23-25 will be HK $0.44, 0.60, 0.82 per share respectively (a reduction of 24%, 20%, 8% due to lower-than-expected results in the first half of 2023). Corresponding to the reasonable target price of HK $12.00 (down 33%).