Glonghui, March 9, 丨 Liwen Paper (2314.HK) fell more than 4%, falling 10% on the 3rd to level off the previous increase, with a total market value of HK$14.3 billion. The company recently announced that in 2022, the Group obtained revenue of HK$29.17 billion, a year-on-year decrease of 10.28%; shareholders' profit attributable to shareholders was HK$1,185 million, a sharp decrease of 62% over the previous year. Huatai Securities lowered its target price of Liwen Paper by 13% to HK$5.2, but it still maintained its “buy” rating. The bank lowered the company's earnings per share forecast for 2023/2024 by 16%/9% to HK$0.34/0.37 to reflect the current serious market challenges.