CICC: Raise ZOOMLION (01157) target price to 10 Hong Kong dollars, maintain outperform industry rating.

CICC released a research report stating that ZOOMLION (01157) announced its performance for the first three quarters of 2025, with revenue of 37.156 billion yuan (hereinafter the same), an 8.1% year-on-year increase, and a net profit attributable to the parent company of 3.92 billion yuan, a 24.9% year-on-year increase. Looking at the quarter alone, revenue for the third quarter of 2025 was 12.301 billion yuan, a 24.9% year-on-year increase, and a net profit attributable to the parent company of 1.156 billion yuan, a 35.8% year-on-year increase. The performance meets the bank's expectations. CICC essentially maintains ZOOMLION's earnings per share forecast of 0.58 yuan and 0.73 yuan for the current and next year. Based on the upward movement of industry valuations, CICC has respectively raised the target prices of A shares and H shares by 17.5% and 31.9%, with ZOOMLION (000157.SZ) A share target price rising to 11 yuan, and the H share target price rising to 10 Hong Kong dollars, while maintaining an outperform rating in the industry.