Core Viewpoint - CICC reports that Zhi Zi Cheng Technology is expected to achieve a year-on-year revenue growth of 32% to 3.7 billion yuan in the second half of last year, with social business revenue growing by 30% to 3.3 billion yuan and innovative business revenue growing by 52% to 400 million yuan [1] Group 1 - The company anticipates continued deepening in its core markets in the Middle East and active expansion into new regions such as Japan and South America, which may support a 30% year-on-year revenue growth for the general public [1] - CICC maintains its revenue and Non-IFRS net profit forecasts for Zhi Zi Cheng Technology for 2025 and 2026, while introducing new forecasts for 2027 with revenues of 9.8 billion yuan and Non-IFRS net profits of 1.4 billion yuan [1] - The company retains an "outperforming the industry" rating and maintains a target price of 14.5 HKD for its Hong Kong stock [1]
研报掘金｜中金：维持赤子城科技“跑赢行业”评级及目标价14.5港元