GLONGHUI, September 4 | Bank of America Securities published a report saying that China Soft International's performance in the first half of the year exceeded expectations and was more positive for the company's prospects; among them, customer demand had bottomed out in the first half of the year, and revenue is expected to continue to recover. It is believed that the worst period is over, and since gross margin improved by 2.5 percentage points in the first half of the year, profit margin pressure should ease. The report also indicated that if Huawei, a major customer of China and Soft, makes greater progress in the smartphone business, it will further boost the Group's revenue growth. The bank lowered its earnings per share forecast for 2023-2025 by about 51%, and lowered its target price from HK$10.25 to HK$6.8. It reiterated its “buy” rating, believing that the company's potential business recovery and valuation were attractive.