CICC: First coverage of XIAOCAIYUAN (00999) with an "outperform" rating, target price of HK$11.6.

14:01 12/01/2026

The bank expects that Heyard's earnings per share for the years 2025 to 2027 will be 0.61 yuan, 0.68 yuan, and 0.8 yuan, respectively, indicating a compound annual growth rate of approximately 15% over the period.

Zhongjin released a research report stating that it will initiate coverage on XIAOCAIYUAN (00999) with an "outperform" rating, with a target price of 11.6 Hong Kong dollars, equivalent to a forecasted P/E ratio of 15 times for this year. The bank predicts that the earnings per share for XIAOCAIYUAN between 2025 and 2027 will be 0.61 yuan, 0.68 yuan, and 0.8 yuan respectively, implying a compound annual growth rate of approximately 15% during this period.

HK Stock Market Move | XPENG-W (09868) rose more than 2% in the closing session. Reports indicate that its flying car company subsidiary has initiated preparations for a Hong Kong IPO.

Nanjing Chixia Development (600533.SH): It is expected to achieve a negative net profit attributable to the shareholders of the listed company in 2025.

New Stock News | Industrial robot and automation manufacturer Siasun Robot & Automation, listed on the Shenzhen stock exchange under the code 300124.SZ, is considering listing in Hong Kong.

HK Stock Market Move | XPENG-W (09868) rose more than 2% in the closing session. Reports indicate that its flying car company subsidiary has initiated preparations for a Hong Kong IPO.

Nanjing Chixia Development (600533.SH): It is expected to achieve a negative net profit attributable to the shareholders of the listed company in 2025.

New Stock News | Industrial robot and automation manufacturer Siasun Robot & Automation, listed on the Shenzhen stock exchange under the code 300124.SZ, is considering listing in Hong Kong.