Gelonghui, December 15 | First Shanghai Securities released a research report saying that the target price for China's overseas development is HK$21.8, and the rating is “buy”, which is equivalent to 8 times the price-earnings ratio of 2024. The company's estimated net profit from 2023 to 2025 is RMB 25 billion, RMB 26.8 billion, and RMB 30.2 billion, respectively. According to the research report, China's overseas development of land storage is highly focused on high-energy cities, and has a steady operating capacity and financial structure. Profitability is leading the industry, and market share is constantly increasing. The company's cumulative sales from January to November 2023 increased 11.8% year on year to 287.03 billion yuan. The company's annual sales are expected to lead the industry. At the same time, financing capacity and cost advantages will enable the company to obtain more high-quality and low-cost land storage and support the company's continuous improvement in profitability and long-term development.