CICC: Raised target price of Zoomlion Heavy Industry (01157.HK) to 10 Hong Kong dollars, maintaining outperform industry rating.

According to the financial news app, Zhixin Finance, Zhongjin Securities released a research report stating that Zoomlion (01157.HK) announced its performance for the first three quarters of 2025, with revenue of 37.156 billion yuan (same below), an 8.1% year-on-year increase, and a net profit attributable to shareholders of 3.92 billion yuan, a 24.9% year-on-year increase. Looking at the third quarter of 2025 alone, revenue was 12.301 billion yuan, a 24.9% year-on-year increase, and net profit attributable to shareholders was 1.156 billion yuan, a 35.8% year-on-year increase. The performance is in line with the bank's expectations. Zhongjin basically maintains its earnings per share forecast for Zoomlion for the next two years at 0.58 yuan and 0.73 yuan. Based on the upward trend of industry valuation, Zhongjin has raised the target prices for both A shares and H shares by 17.5% and 31.9% respectively. The A-share target price for Zoomlion (000157.SZ) has been increased to 11 yuan, and the H-share target price has been raised to 10 Hong Kong dollars, while maintaining an outperform industry rating.