Core Insights - Goldman Sachs reported that Wanwu Cloud (02602) achieved a 10% year-on-year increase in core profit to 1.3 billion RMB in the first half of the year, while revenue grew by 3%, slightly below expectations [1] - The company provided guidance for the full year, expecting revenue and core net profit growth to exceed the first half of 2025, indicating year-on-year increases of over 3.1% and 10.8%, respectively, which appears to be slightly conservative compared to earlier guidance [1] - Goldman Sachs adjusted the company's core earnings per share estimates for 2025 to 2027 by -1% to +1%, and lowered the average gross margin forecast for the same period by 0.2 percentage points to 13.2% to 13.6% [1] - The target price for the company was raised from 22 HKD to 24.8 HKD, while maintaining a "Neutral" rating [1]
高盛：升万物云目标价至24.8港元 评级“中性”