Zhitong Finance App learned that Dahua Jixian released a research report saying that maintaining the Jiantao Laminated Board (01888) “hold” rating. For next year, it is expected that the improvement in its product portfolio will be the main driving force for revenue growth and profitability. The profit forecast for 2023-25 was lowered by 42.7%/27.2%/25.4%, and the target price was lowered from HK$8.3 to HK$7.4.

According to the report, the company's net profit for the first half of the year rose 76.7% year on year to 422 million yuan, in line with earnings warnings. Benefiting from healthy inventory levels and falling raw material costs, gross margin gradually improved. The bank said that even though deliveries continued to pick up from June to August, the pace of recovery is expected to slow in the second half of the year.