智通财经网·2026-01-05 07:12Core Viewpoint - Citigroup has raised the earnings forecasts for Zoomlion Heavy Industry Science and Technology Co., Ltd. for 2026 and 2027 by 6% and 9% respectively, significantly increasing the target price by 59% from HKD 6.4 to HKD 10.2, and upgrading the H-share rating from "Neutral" to "Buy" due to a more optimistic outlook on mid-to-late cycle products such as cranes and concrete machinery [1] Earnings Forecast - The company is expected to see a 38% year-on-year growth in earnings for 2025, with a projected growth of 27% in 2026 [1] - The anticipated cash dividend per share is expected to increase by 25% from RMB 0.32 in 2024 to an estimated RMB 0.4 in 2025, driven by a significant improvement in operating cash flow [1] Cash Flow Improvement - Operating cash flow for the first three quarters of 2025 is projected to expand by 137% year-on-year [1] Positive Factors for Stock Price - Two key factors are expected to positively impact the stock price: the planned issuance of convertible bonds with a conversion price of HKD 9.75, and collaboration with SF Holding Co., Ltd. to develop humanoid robotics business [1]