Core Viewpoint - Jianyin International has raised the target price for BYD Electronic (00285) by 36.8%, from HKD 38 to HKD 52, while maintaining an "outperform" rating, indicating confidence in the company's future growth despite a slight adjustment in growth forecasts for its electronic business [1] Financial Performance - For the first half of fiscal year 2025, BYD Electronic's performance met expectations, with revenue increasing by 3% year-on-year, which was below both institutional and Jianyin's forecasts due to slower-than-expected growth in consumer electronics and smart products [1] - The company's net profit rose by 14% year-on-year, aligning with Jianyin's and market expectations [1] Business Segments - The consumer electronics segment remains stable, while the automotive business shows strong performance [1] - New product launches in AI servers and optical components are expected to contribute positively to revenue [1] - The parts business is anticipated to see a meaningful recovery, while the assembly business remains stable [1]