The Zhitong Finance App learned that Citi released a research report saying that Xinyi Glass (00868.HK)'s revenue, gross margin, and net profit for the first half of the year were better than market expectations. However, the bank expects cost pressure to be more significant in the second half of the year, so it lowered the target price from HK$11.7 to HK$10.3, maintaining a “neutral” rating. The bank mentioned that Xinyi Glass's revenue during the period fell 3% year on year, 2% higher than market expectations; gross profit margin was 30.1%, down 1.5 percentage points year on year, 1.2 percentage points higher than market forecast; net profit rose 17% year on year, 18% higher than market expectations. In response to the decline in capital expenditure, the bank raised the company's net profit forecast by 1% for this year, but lowered the 2027-28 forecast by 2% to reflect the pressure on gross margin starting in the second half of this year.

The Zhitong Finance App learned that Citi released a research report saying that Xinyi Glass (00868.HK)'s revenue, gross margin, and net profit for the first half of the year were better than market expectations. However, the bank expects cost pressure to be more significant in the second half of the year, so it lowered the target price from HK$11.7 to HK$10.3, maintaining a “neutral” rating. The bank mentioned that Xinyi Glass's revenue during the period fell 3% year on year, 2% higher than market expectations; gross profit margin was 30.1%, down 1.5 percentage points year on year, 1.2 percentage points higher than market forecast; net profit rose 17% year on year, 18% higher than market expectations. In response to the decline in capital expenditure, the bank raised the company's net profit forecast by 1% for this year, but lowered the 2027-28 forecast by 2% to reflect the pressure on gross margin starting in the second half of this year.