Core Viewpoint - Daiwa's report indicates that Shenzhou International (02313) achieved a 15.3% year-on-year revenue growth in the first half, slightly exceeding market expectations, but the core net profit growth of 6.2% fell short of expectations due to weaker-than-expected gross margin performance [1] Financial Performance - Revenue increased by 15.3% year-on-year, surpassing market expectations [1] - Core net profit growth was 6.2% year-on-year, which was slightly below expectations [1] - The group's stock price declined following the earnings announcement, which Daiwa considers unreasonable [1] Investment Rating - Daiwa maintains a "Buy" rating for the company, citing its ability to capture order share from core customers and demonstrating robust market competitiveness [1] - The target price has been adjusted from HKD 90 to HKD 80 [1]
大和：降申洲国际目标价至80港元 重申“买入”评级