Guosen Securities: Maintains "outperform the market" rating for Jiangnan Cloth (03306.HK) with stable revenue growth in the fiscal year 25.

According to the Wise Finance APP, Guosen Securities released a research report stating that it maintains an "outperform the market" rating for Jiangnan Cloth (03306.HK), based on the current still weak macro consumption trend. The company has slightly lowered its FY2026-2027 profit forecast, expecting the company's FY2026-2028 net profit to be 9.0/9.6/10.1 billion yuan (compared to 9.6/10.2 billion yuan in FY2026-2027), with year-on-year growth of +1.0%/6.8%/4.8%. The company's performance has consistently exceeded the industry's rapid and stable growth in the long term. Its significant advantages in brand strength, product innovation, channel operation, and supply chain, along with strong profitability and high quality of profits, ample cash flow, and a high dividend payout ratio.