Goldman Sachs published a report saying that “One Weekly” reported yesterday that Hendry has five major doubts about Hendry's operation. Three of these points include the chairman's stock deposit to Swatch, negative operating cash flow over many years, and fund-raising and shareholder sales. The report did not provide any new insider information. Furthermore, the report indicated that Hendry has lost agency rights for major brands, but the bank believes that Hendry is not an exclusive agent for luxury brands in mainland China, but the company is still able to maintain its leading position as an exclusive agent for luxury watches in mainland China; The last point of doubt in the report is that the quality of its branches is mixed. This bank I think that just because the company's website failed to update the information in a timely manner and maintained the “buy” rating, the target price was 3.4 yuan.

However, according to the bank, the company's financing costs have increased due to the latest issuance of 350 million US dollars of bonds due in 2018, lowering the company's net profit forecast for this year and next two years by 10% and 3%, but it believes that the 13% drop in the company's stock price yesterday is an overreaction of the market. The bank believes that the company's operating cash flow can reach 1.2 billion yuan this year, inventory turnover days will remain at 194 days, sales will recover, and the balance and liability level can be drastically reduced to 3% by the end of this year from 33% at the end of last year.