Group 1 - The core viewpoint of the article is that due to the upward shift in industry valuation and the long-term growth potential from the global manufacturing shift and AI development, the target price for Sensong International (02155) has been raised by 50% to HKD 12, with a rating of "outperforming the industry" [1] - Sensong International reported a revenue of RMB 2.687 billion for the first half of the year, a year-on-year decrease of 22.7%, and a net profit attributable to shareholders of RMB 340 million, down 10.1% year-on-year [1] - The performance in the first half of the year met market expectations, primarily due to a longer order confirmation cycle of approximately 9 to 14 months, a 23% decline in new orders signed last year, and a 10% decrease in orders on hand, along with the impact of certain local project suspensions in China [1] Group 2 - The company has adjusted its net profit forecast for the year down by 27.7% to RMB 740 million, and has introduced a net profit estimate of RMB 937 million for next year [1]
中金：大幅升森松国际(02155)目标价50%至12港元 评级“跑赢行业”