CICC adjusted its net profit forecast for SHANGHAI FUDAN (01385, 688385.SH) in 2025 downward by 28.8% to RMB 639 million, factoring in the impact of asset impairment losses. The firm also introduced a 2026 net profit forecast of RMB 923 million. While maintaining an "Outperform" rating for SHANGHAI FUDAN's A-shares, CICC raised the target price by 30.1% to HK$67.42, citing an upward shift in industry valuation benchmarks.

SHANGHAI FUDAN reported revenue of RMB 3.024 billion for the first three quarters, up 12.7% year-on-year. However, net profit declined 22.69% to RMB 330 million, with adjusted net profit falling 21.21% to RMB 303 million. In the third quarter alone, revenue surged 33.28% to RMB 1.186 billion, while net profit jumped 72.69% to RMB 137 million. The results were in line with market expectations.