里昂:微降海吉亚医疗(06078)目标价至17港元 维持“跑赢大市”评级

Core Viewpoint - The report from Credit Lyonnais indicates that Haijia Medical (06078) experienced a significant decline in sales and profits in the first half of the year, primarily due to factors such as centralized drug procurement, the implementation of disease diagnosis-related groups, and macroeconomic uncertainties [1] Financial Performance - Haijia Medical's sales decreased by 16% year-on-year [1] - Operating profit fell by 42% [1] - Net profit dropped by 36% [1] - Adjusted net profit declined by 34%, aligning with previous forecasts [1] Future Projections - The firm has revised its revenue forecasts for 2025 to 2027 downwards by 18% to 26% [1] - Net profit projections have been adjusted down by 19% to 27% [1] - The target price for the stock has been slightly reduced from HKD 17.3 to HKD 17, while maintaining an "outperform" rating [1]