The Zhitong Finance App learned that Citi released a research report saying that the third quarter results of Lansi Technology (06613,300433.SZ) clearly fell short of expectations, mainly hampered by weak consumer electronics demand, market schedule adjustments for key folding phone models, and exchange factors. The bank maintained the “buy” rating for H shares, lowered the target price of H shares by 35.5% to HK$20 from HK$31, reduced the target price of A-shares by 25% from RMB 40 to RMB 30, and lowered the net profit forecast for 2026 to 2028 by 40%, 24% and 23%, respectively, to RMB 2.7 billion, RMB 5.4 billion and RMB 7 billion, mainly reflecting lower gross margin forecasts and higher R&D expenses.

The Zhitong Finance App learned that Citi released a research report saying that the third quarter results of Lansi Technology (06613,300433.SZ) clearly fell short of expectations, mainly hampered by weak consumer electronics demand, market schedule adjustments for key folding phone models, and exchange factors. The bank maintained the “buy” rating for H shares, lowered the target price of H shares by 35.5% to HK$20 from HK$31, reduced the target price of A-shares by 25% from RMB 40 to RMB 30, and lowered the net profit forecast for 2026 to 2028 by 40%, 24% and 23%, respectively, to RMB 2.7 billion, RMB 5.4 billion and RMB 7 billion, mainly reflecting lower gross margin forecasts and higher R&D expenses.