The Zhitong Finance App learned that Citibank released a research report saying that, beyond expectations, Dechang Electric Holdings (00179.HK) issued a profit warning for the first half of the 2027 fiscal year ending at the end of September, which was announced in early November. Net profit for the period is expected to fall 56% to 62%; given that profit margin prospects are lower than expected, the bank lowered its profit forecast for the 2027-2029 fiscal year by 21% to 37%, and the target price dropped 25.5% to HK$14.6 from “neutral” to “sell”.

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