On August 10, SHENZHOU INTL rose 3.13% in regular trading, trading at HK$44.16/share, with turnover of HK$275 million.

On the news front, CICC published a research report maintaining its Outperform rating on SHENZHOU INTL, while cutting the target price by 15% to HK$52.76, still implying approximately 19.5% upside from the current share price. The positive brokerage stance provided sentiment support after the company's August 7 profit warning had been largely digested by the market.

The profit warning disclosed that attributable profit for the six months ended June 30 is expected to decline 38% to 43% year-over-year from RMB 3.18 billion, falling to approximately RMB 1.81-1.97 billion. The company cited higher raw material and labor costs, significant RMB appreciation against the US dollar, and lower sales volume amid weak demand as key headwinds. With the negative news already priced in over prior sessions, the maintained institutional positive rating offered a degree of relief for market participants.

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