Core Viewpoint - BYD Electronics reported stable performance in Q2, with revenue and net profit increasing by 4% and 22% year-on-year, respectively, driven by the rapid growth of high-margin electric vehicle business and improved profitability in iPhone casing business [1] Group 1: Financial Performance - Revenue increased by 4% year-on-year [1] - Net profit increased by 22% year-on-year [1] Group 2: Business Segments - Growth in high-margin electric vehicle business contributed significantly to performance [1] - Profitability of iPhone casing business has improved [1] Group 3: Management Guidance - Management provided positive guidance for the second half of the year and next year [1] - Anticipated 50% year-on-year increase in iPhone casing sales driven by foldable iPhone [1] - Expected 35% to 40% year-on-year growth in automotive-related business sales for the full fiscal year [1] Group 4: Target Price and Rating - Target price raised from HKD 43.22 to HKD 47.37 [1] - Rating maintained at "Buy" [1]