The Zhitong Finance App learned that CICC released a research report stating that it will raise the target price of the unified enterprise China (00220) by 11% to HK$8.3. The basic profit forecast for 2024/25 remains unchanged, maintaining a “outperforming the market” investment rating.

The bank pointed out that product innovation in unified China continues to advance, and actively arranges a sugar-free tea circuit, such as launching new products such as unified sugar-free green tea “Chunfu Green Tea”, 900ml of Haizhiyan electrolyzed water, and NFC tomato juice; however, in the past few years, the company has increased its channel power, and results have gradually become apparent; China Gold also said that the unified Chinese beverage industry will maintain a relatively high level of prosperity. It is expected that profit margins will be repaired throughout the year.