Core Viewpoint - Jianyin International has raised the target price for BYD Electronics (00285) by 36.8%, from HKD 38 to HKD 52, while maintaining an "Outperform" rating [1] Financial Performance - The company's performance for the first half of fiscal year 2025 met expectations, with revenue increasing by 3% year-on-year, which was below institutional and Jianyin's expectations due to slower-than-expected growth in consumer electronics and smart products [1] - Net profit increased by 14% year-on-year, aligning with Jianyin's and market expectations [1] Business Segments - The consumer electronics business remained stable, while the automotive sector showed strong performance [1] - New products were launched in the AI server and optical components segments [1] - The parts business is expected to see a meaningful recovery, and the assembly business remains stable [1]