On June 2, Goldman Sachs released a research report yesterday to raise the KC.US (KC.US) rating, adding that it will keep its previous profit forecast unchanged and await further clarification of revenue growth and EBITDA profit margin prospects to withstand weak demand recovery and potential increased competition.

Earlier, Jinshanyun released a quarterly report showing revenue of 1.86 billion yuan, and the adjusted gross margin reached a record high of 10.4%, an increase of 6.6 percentage points over the previous year, achieving steady month-on-month growth for four consecutive quarters; adjusted gross profit reached a record single-quarter high, up 133% year on year.

Influenced by favorable news, Jinshan Yunmei's stock closed at $5.33 on Thursday, an increase of 19.51%. Today, Jinshanyun (03896) Hong Kong stocks opened 6% higher in early trading. Previously, they had risen more than 30% for three consecutive days.