C&D INTL GROUP(HK:01908) 智通财经网·2026-01-29 02:22Group 1 - The core viewpoint of the article indicates that Jianfa International Group is facing profitability pressure due to a sluggish residential market and significant price corrections from the previous year [1] - HSBC Global Research has downgraded the company's contract sales and revenue forecasts for 2025 to 2027 by 22% to 28% and 1% to 15% respectively, while slightly increasing the gross margin forecast by 0.2 to 0.5 percentage points [1] - The company is expected to report a 22% year-on-year decline in core profit for the previous year, primarily due to higher-than-expected inventory impairments and investment property write-offs [1] Group 2 - Despite short-term profitability pressures reflected in poor performance year-to-date, the outlook for the company remains constructive due to its recovering profit margins, fresh land reserves, and strong expertise in luxury projects [1] - The company is anticipated to achieve a "V-shaped" profit rebound in 2026 driven by reduced impairments and continuous improvement in profit margins [1]