Non core businesses become new growth highlights
According to the research report released by $Zhongtai (600918.SH)$, due to the challenges of decreasing consumer demand, epidemic situation and continuous competition in Q2 of fiscal year 2023, the operating income of 2023-25FY was reduced to 8922/9915/1093.6 billion yuan, and the forecast of non GAAP net profit was adjusted to 1374/1666/1947 billion yuan.
The agency is optimistic about its long-term stable growth driven by multiple engines, and its business model is relatively mature. Although the growth rate is slower than that of comparable companies, it is highly certain. In addition, they continue to be optimistic about the long-term health and sustainability of the company's overall business.
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