The Zhitong Finance App learned that China Merchants Securities International released a research report stating that the target price for the initial payment to Dabang Science and Engineering (02543.HK) was HK$56, and the rating was “increased.” The bank expects sales to grow at a compound annual rate of 50% in 2024-2027, and gross margin to increase by about 100 basis points each year. The main drivers include: the launch of new three-folding and electrically-assisted products driving a rise in ASP, self-production and repair profit margins of 200-300 basis points, and an increase in the share of online channels to about 35% in 2026, with a gross margin of about 50%, which is significantly higher than offline 27-28%.

The Zhitong Finance App learned that China Merchants Securities International released a research report stating that the target price for the initial payment to Dabang Science and Engineering (02543.HK) was HK$56, and the rating was “increased.” The bank expects sales to grow at a compound annual rate of 50% in 2024-2027, and gross margin to increase by about 100 basis points each year. The main drivers include: the launch of new three-folding and electrically-assisted products driving a rise in ASP, self-production and repair profit margins of 200-300 basis points, and an increase in the share of online channels to about 35% in 2026, with a gross margin of about 50%, which is significantly higher than offline 27-28%.