Core Viewpoint - Hillstone Technology (01478) reported strong financial results for the first half of the year, with significant increases in revenue and profit, leading to a rise in stock price and a positive outlook from analysts [1] Financial Performance - Expected revenue for the first half is 8.832 billion RMB, a year-on-year increase of 15.1% [1] - Net profit is projected at 308 million RMB, reflecting a substantial year-on-year growth of 167.6% [1] - Earnings per share are estimated at 0.26 RMB [1] - The company declared an interim dividend of 0.15 HKD, marking the first interim dividend since its listing [1] Drivers of Growth - The increase in profit is attributed to steady growth in operating income, improved gross margin, and the turnaround of the joint venture, New Giant Technology, from loss to profit [1] - CICC noted that the company's performance exceeded previous expectations, primarily due to high sales growth in non-mobile CCM and FPM, which released profit elasticity [1] Analyst Outlook - CICC raised the profit forecasts for 2025 and 2026 by 44% and 41% respectively, now estimating profits of 702 million RMB and 852 million RMB [1] - The firm maintained an "outperform" rating, citing the unexpected growth in non-mobile revenue and comprehensive long-term growth strategies [1] - Target price was increased by 67% to 14.97 HKD [1]
丘钛科技再涨超5% 上半年纯利同比增超167% 集团上市以来首度派中期息