汇丰研究降中国飞鹤目标价至4.9元 维持“持有”评级

Group 1 - HSBC Global Research has lowered the target price for China Feihe (06186.HK) to HKD 4.9 and maintained a "Hold" rating [1] - The company issued a profit warning for its interim results, expecting a year-on-year net profit decline of 36% to 46% [1] - Revenue for 2025 is now expected to remain flat year-on-year, a revision from a previous forecast of a 9% increase, with net profit estimates for 2025 down by 31% [1] Group 2 - The total dividend payout forecast has been reduced by 34% to RMB 2 billion [1]