Core Viewpoint - CICC has raised the profit forecast for Shoucheng Holdings (00697) for 2025 and 2026 by 7% and 6% respectively, reflecting positive growth in core business and potential investment returns [1] Financial Performance - Shoucheng Holdings reported a 36% year-on-year increase in revenue to 731 million and a 26% increase in gross profit to 295 million [1] - The net profit attributable to shareholders increased by 30% year-on-year to 339 million, aligning with CICC's expectations [1] Dividend Distribution - The company declared a special dividend of 768 million on March 26, along with an interim dividend of 271 million, totaling 1.039 billion in dividends for the first half of the year, which corresponds to a dividend yield of 5.83% [1] Target Price Adjustment - CICC has raised the target price for Shoucheng Holdings by 5% to HKD 2.73, reflecting a price-to-book ratio of 1.8 times and 1.9 times for the next two years [1]
中金：微升首程控股目标价至2.73港元 业绩符预期