Securities firms have lowered profit forecasts for multiple leading stocks, with Gree Electric Appliances and North China Institute of Inorganic Materials included.

As the Shanghai Composite Index returned to the 4100 point mark, some individual stocks were downgraded in profit forecasts by securities firms, including some large-cap leading stocks. According to the latest disclosure from Guotai Junan Securities, the institution predicts that Gree Electric Appliances' net profit attributable to shareholders in 2026 will be 29 billion yuan, a 4% decrease from the previous forecast. Changjiang Securities also recently adjusted their forecast, estimating Gree Electric Appliances' net profit attributable to shareholders in 2026 to be 29.104 billion yuan, a 3.5% decrease from the previous forecast. According to First Financial, recently, companies such as North China Huachuang and Norseland have also been downgraded in profit forecasts by securities firms. Among them, Zhong You Securities has lowered its latest forecast for North China Huachuang's net profit attributable to shareholders in 2026 to 5.918 billion yuan, a reduction of nearly 30% from the previous forecast. In terms of timing, securities firms often adjust profit forecasts after periodic report disclosures, based on the latest annual reports and first-quarter performance of A-share companies. The journalist also noted that although some securities firms have lowered profit forecasts for individual stocks, they still maintain "buy" or "hold" ratings. However, some companies have received the support of securities firms, believing that they will achieve a turnaround from losses to profits in 2026 through restructuring.