---
title: "Citi lowered the target price for Shandong Weigao to 6 yuan, expecting a revenue growth of 4% to 8% this year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280976108.md"
description: "Citi has lowered the target price for WEIGAO GROUP to HKD 6, expecting revenue growth of 2.3% to RMB 13.389 billion in 2025, and a net profit decline of 22% to RMB 1.612 billion, which is below expectations. Management has committed to maintaining a 50% payout ratio, with revenue growth expected to increase by 4% to 8% in 2026. Citi has revised down its revenue forecasts for this year and next by 5.2% and 8.1%, respectively, and lowered its earnings per share forecasts by 36% and 37%"
datetime: "2026-03-30T07:49:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280976108.md)
  - [en](https://longbridge.com/en/news/280976108.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280976108.md)
---

# Citi lowered the target price for Shandong Weigao to 6 yuan, expecting a revenue growth of 4% to 8% this year

Citi published a research report indicating that Shandong Weigao (01066.HK) is expected to have a revenue growth of 2.3% year-on-year to RMB 13.389 billion in 2025, while net profit is projected to decline by 22% year-on-year to RMB 1.612 billion, which is approximately 2% and 1% lower than the bank's and market expectations, respectively. Management reiterated its commitment to shareholder returns, maintaining a dividend payout ratio of 50%.

The bank cited management as stating that it expects stable prices in 2026, the launch of new products, and deeper expansion into overseas markets to drive annual revenue growth of 4% to 8%.

Considering management's latest guidance and the profit pressure from lower-than-expected forecasts, Citi has lowered its revenue forecasts for this year and next year by 5.2% and 8.1%, respectively, and reduced its earnings per share forecasts by 36% and 37%. It has also introduced earnings per share forecasts for the fiscal year 2028. The target price has been lowered from HKD 7.5 to HKD 6, maintaining a "Buy" rating

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