Core Viewpoint - Wanchen Group (300972.SZ) experienced a significant stock decline of 10.86%, closing at 177.34 yuan, despite positive earnings forecasts from Guojin Securities [1] Financial Performance - Guojin Securities analysts Liu Chenqian and Chen Yujun upgraded the net profit forecasts for Wanchen Group for the years 2025 to 2027 by 25%, 29%, and 34% respectively [1] - The projected net profits for 2025, 2026, and 2027 are 1.21 billion, 1.74 billion, and 2.22 billion yuan, reflecting year-on-year growth of 311%, 45%, and 27% respectively [1] - The price-to-earnings (PE) ratios for the same years are expected to be 31x, 22x, and 17x [1] Market Position - The improvement in net profit margin in Q3 was better than expected, attributed to the release of scale effects as the company accelerates store openings during the peak season [1]