The analyst rating for CHINA FEIHE was influenced by a significant decline in revenue and net profit, which fell by 13% and 46% year-over-year in 2025, and by 16% and 45% in the second half of 2025. This performance was below expectations due to channel destocking and operational deleverage. Consequently, the broker reduced its earnings per share forecasts for 2026 and 2027 and lowered the target price while maintaining a Neutral rating.
