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CMBI Cuts SANY International (00631.HK) TP to HKD19.5, Maintains Buy
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CMBI issued a report stating that SANY International (00631.HK) recorded profit after tax (including minority interests) of RMB1.78 billion, in line with its previously guided profit range of RMB1.6 billion to RMB1.85 billion. Excluding one-off impairment losses, adjusted net profit attributable to shareholders reached RMB1.85 billion, flat YoY. During the earnings conference call, management highlighted large mining trucks, microgrids and lithium batteries as key growth areas over the next few years. The broker lowered its 2026 earnings forecast by 6%, mainly due to reduced sales assumptions for roadheaders. The broker remains optimistic about SANY Internationals strategy of achieving growth through ongoing business diversification. It maintained a Buy rating and lowered the TP from HKD20.6 to HKD19.5. (ha/a) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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