Core Viewpoint - Hillstone Technology (01478) has seen a significant increase in its stock price, rising over 4% following the announcement of its 2024 annual results, which showed a substantial growth in profit and revenue, indicating an attractive valuation for investors [1] Financial Performance - The company reported a total revenue of RMB 16.151 billion, representing a year-on-year increase of 28.89% [1] - Shareholder profit reached RMB 279 million, marking a remarkable growth of 240.67% compared to the previous year [1] - Basic earnings per share were reported at 23.6 cents, with a proposed final dividend of 10 Hong Kong cents per share [1] Strategic Developments - The annual report highlighted the company's plans to accelerate the development of smart visual products in new scenarios, including AI glasses, AR glasses, and embodied robots [1] - CICC expressed optimism about the company's long-term accumulation in the optical field and its vertical integration capabilities, which are expected to facilitate rapid breakthroughs in these new areas [1] Analyst Ratings and Valuation - Zheshang International maintained a "Buy" rating for Hillstone Technology, raising the target price from HKD 6.79 to HKD 9.25, citing attractive current valuations [1] - The firm expressed a positive outlook on the company's product structure improvements and expansion beyond mobile CCM, adjusting earnings forecasts to reflect last year's performance and improved outlook [1] - Current earnings per share estimates for the next two years are projected to be 24% and 27% higher than market expectations, with an upward revision of the valuation basis from a predicted P/E ratio of 13 times to 17.7 times [1] - Future catalysts include the launch of AI smartphones and glasses, as well as securing orders for automotive/IoT CCM [1]
港股异动 | 丘钛科技(01478)涨超4% 去年纯利同比增长2.4倍 机构指公司估值吸引