Analysts are more bearish on Zhejiang Hechuan Technology's p...

Analysts are more bearish on Zhejiang Hechuan Technology's prospects after recent results, slashing revenue and EPS estimates. The company's revenue growth is expected to slow, with a forecasted annual growth rate of 13% until 2024, well below the historical 5-year growth rate of 23% p.a. and the forecasted industry growth rate of 19% per year. The downgrade in earnings per share estimates and revenue estimates, as well as the cut in price target, suggest increased pessimism about the company's intrinsic value.