11:35 AM EDT, 05/28/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target price to USD16 from USD20, which now implies a 2027 P/E of 18.6x. Our substantial downward revision in forecasts (i.e., cutting 2026 EPS to CNY1.79 from CNY5.20 and 2027 EPS to CNY5.86 from CNY9.15) is induced by the Q1 2026 results. Vehicle margin collapsed to 6.1%, gross margin fell to 7.9%, and the company recorded a net loss of CNY2.3 billion compared with net income of CNY646.6 million in the same period of 2025. Free cash flow turned negative, indicating that the profitability recovery will take longer than previously anticipated. The unfavorable product mix, seasonal delivery declines, and raw material price fluctuations cited by management are likely to persist through much of 2026. While the company's strong cash position, ongoing share repurchase program, and technological advances provide a floor under the stock, the depth of Q1 margin compression and Q2 guidance of revenue declines compel us to lower our earnings trajectory.