Gelonghui, March 17, 丨 UBS issued a report stating that China Aviation Science and Industry (2357.HK)'s revenue reached 63.64 billion yuan last year, while net profit was 2.22 billion yuan, all lower than the market and the bank's forecasts. The bank anticipates that revenue from the aircraft sector may bottom out this year, and that the company's contracts with Hafei Group and Changfei Group may be realized in the first quarter of this year, and that there is an opportunity to push the group to lose significantly this year. The bank lowered the company's net profit forecasts for this year, next year and 2025 by 24.6%, 18.1% and 11.3% respectively to RMB 2.79 billion, RMB 3.68 billion, and RMB 4.64 billion. The target price was lowered accordingly from HK$7.1 to HK$64, maintaining the “buy” rating. The stock is currently reported at HK$4.22, with a total market value of HK$32.5 billion.