Goldman Sachs released a research report saying that it gave Taobo (06110) a "buy" rating, but lowered its 2025 and 2026 net profit forecast by 11% respectively to reflect the lower levelspaceinvadersarcadegamerevenue growth, target price from 9spaceinvadersarcadegame.3 Hong Kong dollars fell to HK$7.9. Furui participated in the Toubo performance conference call and believed that the strategy was implemented well, but the demand in the Chinese market in winter was lower than expected, affecting growth and inventory management. Demand is expected to remain the main uncertainty factor.