According to the Intelligent Financial News app, Yihai Intl (01579) is now down more than 4%. As of the press release, it has fallen 4.11% to HKD 11.62, with a turnover of 47.9178 million HKD.

On the news side, Citigroup released a research report stating that Yihai Intl's revenue is expected to achieve double-digit growth in the first half of the year, and the growth rate of third-party and related businesses will also be at a similar level. The bank predicts that the company's gross margin will fall slightly due to the drag of related businesses, while the gross margin of third-party business will improve slightly due to cost reduction. In addition, Citigroup expects that due to possible delay in government subsidies and advance recognition of certain distribution costs, Yihai Intl's operating profit margin will decrease. The bank cut the group's net profit forecast for 2024-2026 by 10-14% excluding forex gains or losses. It is expected that net income in the first half of the year will decline by a single-digit percentage. The bank lowered the group's target price from HKD 19.3 to HKD 16.6 and maintained a "buy" rating.

Citigroup predicts that Yihai Intl's revenue is expected to achieve double-digit growth in the first half of the year, and the growth rate of third-party and related businesses will also be at a similar level. The bank predicts that the company's gross margin will fall slightly due to the drag of related businesses, while the gross margin of third-party business will improve slightly due to cost reduction. In addition, due to possible delay in government subsidies and advance recognition of certain distribution costs, Yihai Intl's operating profit margin will decrease. The bank cut the group's net profit forecast for 2024-2026 by 10-14% excluding forex gains or losses. It is expected that net income in the first half of the year will decline by a single-digit percentage. The bank lowered the group's target price from HKD 19.3 to HKD 16.6 and maintained a "buy" rating.