Core Viewpoint - Hillstone Technology (01478) experienced a significant stock increase of over 11%, with a current price of 15.1 HKD and a trading volume of 179 million HKD, following the announcement of its strong financial performance for the first half of the year [1] Financial Performance - The company reported a revenue of 8.832 billion HKD for the first half of the year, representing a year-on-year growth of 15.1% [1] - Net profit reached 308 million HKD, marking a substantial year-on-year increase of 167.6% [1] - Earnings per share were reported at 0.26 HKD, and the company declared an interim dividend of 0.15 HKD, the first interim dividend since its listing [1] Growth Drivers - The increase in profit is attributed to steady growth in operating revenue, an improvement in gross margin year-on-year, and the turnaround of the joint venture, New Giant Technology, from loss to profit [1] - Multiple institutions have raised their target prices for the company, with CICC increasing its target price by 67% to 14.97 HKD, citing better-than-expected growth in non-mobile revenue and comprehensive long-term growth strategies [1] - Zhongyin International maintained a "Buy" rating and raised its target price from 11.6 HKD to 16.4 HKD, indicating confidence in the company's growth potential [1] Market Outlook - Zhuhai International expressed optimism regarding the upward revision of profit forecasts for the second half of 2025, believing that the market has underestimated Hillstone Technology's leadership and growth momentum in the non-mobile sector, particularly in drones and 360-degree cameras [1] - Overall, there is a sustained positive outlook for Hillstone Technology's growth potential in non-mobile businesses (drones, automotive, extended reality XR), with expectations of increased camera module shipments driven by the joint venture with India's Dixon Group amid uncertainties in U.S. tariffs [1]
丘钛科技涨超11% 上半年纯利同比增长1.67倍 获多家机构调升目标价