---
title: "In \"Major Banks,\" China International Capital Corporation: JNBY's half-year performance exceeds expectations, target price raised to 24.97 yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277167079.md"
description: "CICC released a report stating that JNBY's performance in the first half of the fiscal year 2026 exceeded expectations, with revenue of RMB 3.376 billion, a year-on-year increase of 7.0%; net profit attributable to the parent company was RMB 674 million, a year-on-year increase of 12.5%. The company announced an interim dividend of HKD 0.52, with a payout ratio of approximately 37%. CICC raised its earnings forecasts for the fiscal years 2026 and 2027 by 7% and 9%, respectively, and adjusted the target price to HKD 24.97, maintaining an \"outperform industry\" rating"
datetime: "2026-02-27T08:26:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277167079.md)
  - [en](https://longbridge.com/en/news/277167079.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277167079.md)
---

# In "Major Banks," China International Capital Corporation: JNBY's half-year performance exceeds expectations, target price raised to 24.97 yuan

CICC published a report stating that JNBY (03306.HK) announced its performance for the first half of the fiscal year 2026 (July to December 2025), with revenue of RMB 3.376 billion, a year-on-year increase of 7.0%; net profit attributable to the parent company was RMB 674 million, a year-on-year increase of 12.5%. The performance exceeded the bank's expectations, mainly due to a higher-than-expected increase in gross margin. The company announced an interim dividend of HKD 0.52, corresponding to an interim payout ratio of approximately 37%.

The bank expects that the company's terminal sales performance this year has outperformed its peers, and it is likely to smoothly achieve the retail target of RMB 10 billion for the fiscal year 2026, continuing its good performance. Considering the company's continued improvement in profitability, CICC raised its earnings forecasts for the fiscal years 2026 and 2027 by 7% and 9%, to RMB 988 million and RMB 1.069 billion, respectively. CICC maintains a "outperform industry" rating for JNBY and raises the target price by 5% to HKD 24.97

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