The Zhitong Finance App learned that Goldman Sachs released a research report stating that it will lower the target price of Ningde Era (03750) H shares to HK$777 to maintain a “buy” rating. The bank pointed out that the company's net profit for the third quarter of 2026 was 12% lower than expected, mainly hampered by an unfavorable product portfolio, the resumption of consumption tax collection, and a decline in export tax rebate rates.

Goldman Sachs lowered Ningde Era's 2026-2028 earnings forecast per share by 4% to 7%, but pointed out that management believes that profit margin pressure is only temporary, and that unit profitability is expected to gradually recover, mainly supported by the launch of new products and delayed confirmation of revenue from higher-value overseas energy storage systems.

Furthermore, the Ningde era was still included by Goldman Sachs on the “Convinced Buy” list.

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