Citi released a research report stating that it maintained the “buy” rating of Minshi Group (00425.HK) and adjusted its net profit forecast for each year to 2026 to $2.36 billion, $2.94 billion and RMB 3.25 billion respectively. The gross margin forecast for this year was 27.3%, and the target price was raised from HK$22 to HK$24. The bank launched a 90-day upward catalyst observation for the company. It is estimated that the company's revenue for the first four months of this year increased 15% to 20% year on year, gross margin reached 28%, and net profit increased 30% year on year, which is better than the company's annual guidance.