Goldman Sachs pointed out that Zhu Yicai, founder of Yurun Foods (1068.HK), resigned as chairman and executive director, adding variables to the company's business recovery; lowered the basic profit forecast for 12-14 per share by 3%/33%/32% to reflect weak sales and gross margin expectations; the target price fell from HK$11.5 to HK$6.3 (equivalent to 10 times the expected price-earnings ratio); it believes that the current price already reflects considerable risk, and the neutral rating has not changed.