The Zhitong Finance App learned that Citi released a research report saying that Yuyuan Group (00551) announced a profit warning for the first nine months of this year, and the performance was slightly lower than expected. Citi lowered Yuyuan Group's profit forecast for 2026 by 13% and fine-tuned the 2027-2028 forecast by 0% to 2%; the target price was lowered from HK$18 to HK$17.5, maintaining a “buy” rating. The bank expects the company's dividend yield to be around 7% in 2027.

Yuyuan Group's net profit for the first half of the year was US$72 million. According to this estimate, net profit for the third quarter was about US$53 million to US$67 million, down 37% to 50% year on year, but up 45% to 83% from US$36.8 million in the second quarter. According to the company's guidelines, net profit attributable to owners fell 50% to 55% year-on-year in the first nine months, compared with US$278.7 million in the same period last year, which meant that net profit was approximately US$125 million to US$139 million. The bank believes that the company's profitability improved quarterly, but the pace of recovery was slightly lower than expected.

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