Zhi Tong Cai Jing·2026-01-05 07:11Core Viewpoint - Citigroup has raised the profit forecasts for Zoomlion (000157)(01157) 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" to reflect a more optimistic outlook on mid-to-late cycle products such as cranes and concrete machinery [1] Group 1 - The company is expected to see a 38% year-on-year profit growth in 2025, with profit growth reaching 27% in 2026 [1] - The company is anticipated to increase its cash dividend from RMB 0.32 per share in 2024 to an estimated RMB 0.4 per share in 2025, representing a 25% increase, driven by significant improvement in operating cash flow [1] - Operating cash flow for the first three quarters of 2025 is projected to expand by 137% year-on-year [1] Group 2 - Two 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 (06936) to develop humanoid robot business [1]