Gelonghui, March 19 | Dahua Jixian released a report stating that the net profit of Jiantao Laminate in the second half of last year increased 15% to HK$485 million compared to the first half of the year, slightly higher than the SWP guidelines. The company's copper clad plate (CCL) sales recovered in the second half of last year, but the average price of the product continued to fall, which continued to affect gross profit margin. In the end, gross margin remained the same as in the first half of the year. The bank expects that Jiantao laminated boards will gradually recover this year, and any prudent policy on electronic product/equipment replacement by the government may bring room for improvement in the bank's predictions. The bank maintained its “hold” rating for Jiantao laminates. The target price was lowered from HK$7.4 to HK$6.1, and the company's profit forecast for the current year and next two years was lowered by 24.1% and 18.9%, respectively, to HK$1.8 billion and HK$2.8 billion, which is expected to reach HK$3.1 billion in 2026.