吵起来了！有人预测中际旭创2027年净利250亿元？投资公司董事长泼冷水，却被卖方回怼“买你的白酒去吧”

Core Viewpoint - The forecast of Zhongji Xuchuang's net profit reaching 25 billion yuan by 2027 has sparked significant debate in the market, with differing opinions from buy-side and sell-side analysts regarding its feasibility [1][3]. Group 1: Profit Forecasts and Analyst Opinions - Buy-side representative Ling Peng publicly questioned the reasonableness of the 250 billion yuan net profit forecast for 2027, citing manufacturing cycle risks and the logic of value return [3]. - Following the release of the company's 2025 semi-annual report, most brokerage analysts raised their profit expectations for Zhongji Xuchuang, although none provided a forecast of 250 billion yuan for 2027 [1][3]. - National Securities' analyst team has adjusted their profit forecasts for Zhongji Xuchuang, predicting net profits of 95.1 billion yuan, 154.9 billion yuan, and 198.2 billion yuan for 2025, 2026, and 2027 respectively [6]. Group 2: Recent Financial Performance - Zhongji Xuchuang reported a revenue of 14.789 billion yuan for the first half of 2025, a year-on-year increase of 37.0%, and a net profit of 3.995 billion yuan, up 69.4% year-on-year [7]. - Northeast Securities is particularly optimistic, forecasting revenues of 37.439 billion yuan, 62.653 billion yuan, and 80.069 billion yuan for 2025, 2026, and 2027, with net profits of 10.742 billion yuan, 18.090 billion yuan, and 23.604 billion yuan respectively [7][8]. Group 3: Market Sentiment and Concerns - Ling Peng raised concerns about the sustainability of high profit margins in the semiconductor industry, questioning how companies can expand production without anticipating price declines [3][9]. - Some analysts believe the current optimistic sentiment among sell-side analysts may be overly enthusiastic, warning that market trends often revert to fundamental values over time [9].