Core Viewpoint - Goldman Sachs reported that Country Garden Services (06098) achieved a core net profit of 1.6 billion RMB in the first half of the year, representing a year-on-year decrease of 15%, which is equivalent to 53% of the bank's previous full-year forecast [1] Financial Performance - The company's core business revenue growth outpaced its peers, but the gross margin decreased by 3 percentage points year-on-year [1] - Goldman Sachs has raised its average core net profit forecast for the company from 2025 to 2027 by 4% [1] Target Price and Rating - The target price for Country Garden Services has been increased from 5.1 HKD to 6.3 HKD [1] - The rating has been upgraded from "Sell" to "Neutral" [1] Business Restructuring - The company has undergone significant business restructuring over the years, including exiting underperforming contracts and refocusing on core business by reducing non-core operations [1] - The regular business scale remains stable, and the cash flow outlook has improved [1]