According to the Wise News APP, yihai intl (01579) fell more than 4%, as of press time, it fell 3.75%, to 11.8 Hong Kong dollars, with a turnover of 38.521 million Hong Kong dollars.

According to a research report released by Morgan Stanley, it is expected that yihai intl's total sales in the first half of the year will increase by 11%, which is lower than the initial expected growth of 17% due to weak growth momentum from May to June. The bank believes that the gross margin will slightly expand due to favorable factors in raw material prices. Due to the reduction of government subsidies and possible forex losses, net income is expected to decrease by 13% year-on-year in the first half of the year. The bank believes that the valuation requirement for yihai intl is not high, but it still maintains a wait-and-see attitude because there are no effective factors to promote long-term sales.

Citigroup also stated that it is expected that yihai intl's revenue in the first half of the year will achieve double-digit growth, and the growth rate of third-party and related business will also have a similar level. Citigroup expects that due to possible delays in government subsidies and early recognition of certain distribution costs, yihai intl's operating profit margin will decline. The bank reduced its net profit forecast for the group from 2024 to 2026 by 10% to 14%. Excluding forex gains or losses, net profit is expected to decline by a single digit level in the first half of the year.