智通财经网·2025-09-09 03:44Core Viewpoint - Cat's Eye Entertainment (01896) reported a total revenue of 2.47 billion RMB in the first half of this year, reflecting a year-on-year increase of 13.9% [1] - The gross profit margin decreased to 37.9%, down 15.4 percentage points year-on-year, primarily due to increased costs in content production, marketing, and internet infrastructure [1] - The company's profit for the period was 180 million RMB, a year-on-year decline of 37.3% [1] Financial Projections - The company is expected to achieve earnings per share of 0.25 RMB, 0.42 RMB, and 0.54 RMB for the years 2025 to 2027, respectively [1] - Based on a valuation method using price-to-earnings (P/E) and price-to-sales (P/S) ratios, the target price for Cat's Eye Entertainment in 2025 is set at 9.43 HKD [1] - The report initiates coverage with an "Accumulate" rating for the company [1]