The Credit Suisse report pointed out that due to the decline in US sales, 02038.HK 's annual earnings per share forecast for 2016-17-18 was lowered by 27%, 3% and 5%, and the target price was reduced from 2.93 yuan to 2.80 yuan, equivalent to 0.75 times the market-to-book ratio, maintaining a "neutral" rating.

According to Credit Suisse, Fuzhikang's medium-term income and net profit fell 40 per cent and 83 per cent year-on-year, 3 per cent lower and 59 per cent higher than the bank's expectations, respectively. Net profit also slightly beat management expectations, benefiting from robust gross margins. On the whole, although the group's business is still unclear, the bank believes that Fuzhikang's business began to bottom in the second half of the year, such as improved visibility of Nokia-branded mobile phones, the group's entry into Microsoft Corp's supply chain, and the launch of new handsets by major customers in the mainland. The bank believes that the share price has not changed much in the short term, although the valuation is low, but it has to face a decline in group revenue.