CICC released a research report stating that it maintained the “outperforming industry” rating of China Everbright Holdings (00165.HK), adjusted investment assumptions due to market fluctuations, lowered 2024e profit by 50% to HK$1.22 billion, introduced 2025e profit of HK$2.28 billion, and lowered the target price by 19% to HK$4.74 billion. The company's net operating income in 2023 was HK$1.4 billion, with a net loss of HK$1.92 billion and a net loss of HK$1.14 per share. The performance was lower than expected, mainly due to continued pressure on the capital market, which dragged down the company's investment return performance. Under loss conditions, the company still declared a dividend of HK$0.25 per share throughout the year, reflecting the importance placed on shareholder returns and a relatively abundant cash flow