Gelonghui, March 29 | Damo published a rating report saying that even with a low base and off-peak season, it is expected that third party sales of Yihai International increased by about 20% in the first quarter of this year. The bank expects that the group will be able to implement sales of more than 10% this year, and indicated that the company successfully launched products and expanded channels, but it will have to wait for actual execution results to appear. Due to increased competition, it will maintain a “in sync with the market” rating. The bank raised the company's sales forecast for 2024-25 by 3% to 5%. It is expected that sales will increase by 11% and 8% this year and next, respectively, while the net profit margin will remain generally stable at 13% to 14%. The bank raised its target price from HK$11.7 to HK$15.9.