Ge Long Hui·2025-11-25 03:58Core Viewpoint - China Wangwang (0151.HK) continues to decline, dropping over 5% and more than 10% over four days, reaching a new low of 4.66 HKD, with a total market value of 5.1 billion HKD [1] Financial Performance - For the six months ending September 30, 2025, China Wangwang reported total revenue of 11.108 billion RMB, an increase of 2.1% compared to the same period last year [1] - The net profit for the same period was 1.717 billion RMB, representing a year-on-year decrease of 7.83% [1] Analyst Reactions - Following the earnings report, major financial institutions including JPMorgan, Bank of America, Citibank, and UBS have downgraded their target prices for China Wangwang [1] - Bank of America has lowered its target price to 4.7 HKD and reiterated a "underperform" rating, citing the 7.8% decline in net profit as below expectations, and has reduced earnings per share forecasts for 2026 and 2027 by 8% to 10% [1]