里昂：升比亚迪电子目标价至52.9港元 评级“跑赢大市”

Core Viewpoint - BYD Electronics (00285) reported a 22% year-on-year increase in net profit for Q2, reaching 1.1 billion RMB, driven by automotive scalability and improved profit margins from Jabil [1] Financial Performance - The company expects automotive business revenue to grow by 35% to 40% year-on-year this year [1] - Jabil's revenue is projected to increase by over 50% year-on-year next year due to a client's shell specification upgrade [1] Analyst Adjustments - The brokerage slightly lowered the group's profit forecast for this year by 1%, while raising the forecasts for next year and 2027 by 1% and 2% respectively [1] - The target price for the stock was raised from 38.9 HKD to 52.9 HKD, maintaining an "outperform" rating [1]