Bank of America Securities issued a research report stating that, due to SHENZHOU INTL's (02313) 2025 performance falling short of expectations, it has adopted a more cautious outlook on gross margin forecasts. Consequently, the firm has lowered its earnings per share estimates for the 2026 and 2027 fiscal years by 9% and 6%, respectively. It now forecasts that EPS growth in 2026 will moderate, with a year-on-year decline expected in the first half of 2026. The bank reduced its target price from HK$71.8 by 10% to HK$64.6. However, citing significant embedded value and a high dividend yield, it reaffirmed its "Buy" rating. Since 2025, the stock has underperformed the Hang Seng Index by 42%. It currently trades at a price-to-earnings ratio of 10.8 times, which is at a ten-year low, and offers a dividend yield of approximately 5.5%, supported by robust cash flow and a net cash position exceeding RMB 13 billion.