13 August 2025 China Industrials Pivoting back to fundamentals Figure 1: Pecking order summary table | Company | UBS ticker | | Rating | Mkt cap | Shr price | Price target | | Upside | | P/BV | | | ROE | | PE | | | Net Profit UBS-Se (Rmbm) | | | Net Profit Consensus (Rmbm) | | | Diff (%) | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | Old | New | Rmb m | Rmb | Old | New | | | | | 2025E 202 ...