中金：升东岳集团目标价至16.68港元 中期业绩符预期

Core Viewpoint - Dongyue Group (00189) reported a 2.8% year-on-year increase in revenue for the first half of the year, with a significant rise in pre-tax profit by 111.4% and net profit by 153.3%, aligning with market expectations [1] Financial Performance - Revenue increased by 2.8% year-on-year [1] - Pre-tax profit surged by 111.4% [1] - Net profit rose by 153.3% [1] Profit Forecast Adjustments - The company has adjusted its net profit forecast for the current year down by 10% to RMB 1.902 billion [1] - The net profit forecast for the next year is maintained at RMB 2.694 billion [1] Valuation and Target Price - The target price has been raised by 15% to HKD 16.68 [1] - The rating of "outperforming the industry" is maintained [1]