Core Viewpoint - Citigroup's report indicates that Yixin Group's revenue for the first half of the year increased by 22% year-on-year to 5.45 billion yuan, exceeding the bank's expectations by 1% [1] - Adjusted net profit rose by 28% year-on-year to 648 million yuan, surpassing the bank's forecast by 9% [1] - The group anticipates further performance improvement in the second half of the year based on solid first-half results [1] Financial Performance - Revenue for the first half of the year reached 5.45 billion yuan, a 22% increase year-on-year [1] - Adjusted net profit for the same period was 648 million yuan, reflecting a 28% year-on-year growth [1] Future Outlook - The company plans to continue returning value to shareholders and will not easily change its dividend commitments [1] - Revenue forecasts for 2025 to 2027 have been raised by 0%, 2%, and 3% respectively, reaching 11.6 billion, 13.1 billion, and 14.6 billion yuan [1] - Adjusted profit forecasts for the same years have been increased by 9%, 21%, and 22% respectively, amounting to 1.42 billion, 1.79 billion, and 1.97 billion yuan [1] Target Price Adjustment - Citigroup has raised its target price for Yixin Group from 2.1 HKD to 3.5 HKD while maintaining a "Buy" rating [1]
大行评级｜花旗：易鑫集团上半年业绩超预期 目标价上调至3.5港元