On May 28, Sany International fell 5.04% in regular trading, trading at 8.10 HKD/share with trading volume of approximately 28.68 million HKD, hitting a new year-to-date low as selling pressure continued.
The decline extends a sustained selloff triggered by the company's Q1 results and a subsequent CLSA downgrade. Sany International reported Q1 revenue of RMB 6.651 billion, up 13.2% year-over-year, but attributable net profit fell 19.8% to RMB 509 million. CLSA noted that while overseas revenue doubled, margin performance and cost control missed expectations. The broker highlighted that Q1 solar sales plunged 74% year-over-year, generating a RMB 120 million loss, with management guiding full-year losses exceeding RMB 400 million due to microgrid staffing and overseas project expansion costs. CLSA cut its 2026 and 2027 net profit forecasts by 28% and 19% respectively, slashing its target price from 16 HKD to 12 HKD while maintaining an Outperform rating. The market remains concerned over the timeline for resolving emerging business losses and the pace of margin recovery.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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