Core Viewpoint - Sany International (00631) reported a 28% year-on-year increase in net profit for the second quarter, reaching 663 million RMB, aligning with earlier profit forecasts [1] Financial Performance - The company's net profit for Q2 was 663 million RMB, reflecting a 28% increase compared to the same period last year [1] - The earnings forecast for 2025 to 2027 has been raised by 2% to 5%, driven by resilient logistics equipment business and increased contributions from emerging and oil and gas equipment sectors [1] Cost Management - The company demonstrated effective cost control, leading to a downward adjustment in the forecast for sales and administrative expense ratios [1] Investment Rating - The investment rating has been reaffirmed as "Buy," with the target price increased from 8.7 HKD to 8.9 HKD [1]
招银国际：升三一国际目标价至8.9港元 上调盈测