CICC maintains an 'Outperform' rating for XIAO CAI YUAN despite lowering its adjusted net profit forecasts due to anticipated pressure on profitability from price reductions. The company reported a revenue increase of 2.6% and a net profit rise of 22%, which were in line with expectations. CICC is optimistic about the company's long-term strategies to optimize its business model, although it has reduced the target price by 14% to HKD10, reflecting a potential upside of 29%.
