智通财经网·2025-08-28 02:19Core Viewpoint - Alibaba's stock price has dropped over 4%, currently at 116.6 HKD, with a trading volume of 7.581 billion HKD, ahead of its upcoming board meeting to approve unaudited results for the quarter ending June 30, 2025 [1] Financial Performance - Alibaba plans to hold a board meeting on August 28 to approve the unaudited performance and related announcements for the quarter ending June 30, 2025, with earnings to be disclosed on August 29 [1] - CMB International has downgraded the group's profit forecast for Q1 by 23%, attributing the pressure on profits to increased investment in flash sales [1] - The adjusted EBITA is expected to decline by 15% year-on-year to 38.4 billion CNY, corresponding to a profit margin of 15.3%, which is a decrease of approximately 3 percentage points year-on-year [1] Market Outlook - Tianfeng Securities anticipates steady revenue growth for Alibaba in FY26 Q1, although profits may be impacted by flash sale subsidies [1] - The capital expenditure of major overseas tech companies has exceeded expectations, indicating strong ongoing demand for AI, with expectations for Alibaba's cloud business to maintain high growth rates this quarter [1]