Lyon: Lower the target price of Johnson Electric (00631.HK) to 12 Hong Kong dollars, continue to give a "outperform" rating.

According to the Wise Financial APP, a research report released by Lyon stated that the first quarter performance of Sany International (00631.HK) has raised market concerns. Although overseas revenue doubled year-on-year, profit margins and cost controls did not meet expectations. The bank reduced the company's net profit forecast for 2026 and 2027 by 28% and 19% respectively to reflect the pressure on profit margins. The target price was also lowered from 16 Hong Kong dollars to 12 Hong Kong dollars, while maintaining an "outperform the market" rating.