Core Viewpoint - Goldman Sachs reports that Zhongxin Innovation (03931) achieved a net profit of 466 million RMB in the first half of the year, representing an 87% year-on-year increase, with revenue reaching 16.4 billion RMB, a 32% year-on-year growth [1] Financial Performance - Net profit for the first half of the year is 466 million RMB, up 87% year-on-year [1] - Revenue for the same period is 16.4 billion RMB, reflecting a 32% year-on-year increase [1] - Estimated sales volume is 45 GWh, which is an 80% increase year-on-year, exceeding the bank's expectations [1] Earnings Forecast - Goldman Sachs has raised the earnings per share (EPS) forecast for Zhongxin Innovation for 2025 and 2026 by 36% and 10% respectively [1] - However, the EPS forecast for 2027 has been reduced by 14% [1] Investment Rating - Goldman Sachs maintains a "Neutral" rating for Zhongxin Innovation [1] - The target price has been adjusted from 17.4 HKD to 19.6 HKD [1]
高盛：升中创新航目标价至19.6港元 维持“中性”评级