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港股异动 | 丘钛科技(01478)午后涨超4% 中期纯利同比增长1.67倍 星展预计下半年财报较上半年改善
智通财经网· 2025-08-28 06:36
Core Viewpoint - Hillstone Technology (01478) reported strong financial results for the first half of the year, with significant growth in revenue and profit, leading to increased investor confidence and stock price appreciation [1] Financial Performance - The company achieved a revenue of 8.832 billion HKD, representing a year-on-year increase of 15.1% [1] - Net profit reached 308 million HKD, showing a remarkable year-on-year growth of 167.6% [1] - Earnings per share were reported at 0.26 HKD, with an interim dividend of 0.15 HKD declared, marking the first interim dividend since the company's listing [1] Strategic Insights - The increase in profit is attributed to steady growth in operating income, improved gross margin, and the turnaround of joint venture New Giant Technology from loss to profit [1] - DBS Group's research report indicates strengthened confidence in the company's strategy of upgrading its product portfolio and focusing on the development of non-mobile lens modules [1] - Expectations for the second half of the year are optimistic, driven by a richer smartphone product mix, recovery in fingerprint recognition module capacity utilization, and ongoing expansion in non-mobile lens modules for automotive and IoT projects [1] Target Price Adjustments - CICC raised its target price for Hillstone Technology by 67% to 14.97 HKD, citing better-than-expected growth in non-mobile revenue and comprehensive long-term growth strategies [1] - Zhongyin International adjusted its target price from 11.6 HKD to 16.4 HKD, reflecting positive market sentiment and financial performance [1]
丘钛科技午后涨超4% 中期纯利同比增长1.67倍 星展预计下半年财报较上半年改善
Zhi Tong Cai Jing· 2025-08-28 06:33
丘钛科技(01478)午后涨超4%,截至发稿,涨2.93%,报15.44港元,成交额6206.9万港元。 星展发布研报称,丘钛中期财报强化该行对其产品组合升级及集中开发非手机镜头模组策略的信心。预 计公司下半年财报较上半年改善,受惠于更丰富智能手机组合、持续的指纹识别模组产能利用率复苏, 以及非手机镜头模组持续扩产,基于更多汽车及物联网项目进入生产阶段。中金表示,由于非手机收入 增速超预期,且中长期成长业务布局全面,上调目标价67%至14.97港元。中银国际将丘钛科技目标价 由11.6港元上调至16.4港元。 消息面上,丘钛科技近日公布业绩,上半年收益88.32亿元,同比增长15.1%;纯利3.08亿元,同比增长 167.6%;每股盈利26分。派中期息15港仙,为集团上市以来首度派中期息。公司表示,溢利增加主要 是由于营业收入较同期稳健增长、毛利率按年提升,以及联营公司新巨科技的经营业绩由亏转盈。 ...
拉夫劳伦(RL):美式经典品牌拓圈,国际市场扩张持续
Investment Rating - The report does not provide a specific investment rating for Ralph Lauren (RL) [2] Core Insights - The company's international expansion strategy is progressing steadily, with increasing brand recognition in overseas markets. The growth rate in the Chinese market exceeds 30% [2] - The company hosted its first fashion show in China and utilized Douyin for live streaming sales, significantly boosting brand awareness and sales [2] - Revenue for the quarter reached a record high, with a year-on-year increase of 14%, driven by strong demand for core products and high-potential categories [2][3] - The gross margin improved to 72.3%, up 180 basis points year-on-year, benefiting from price increases and lower cotton prices [3] - The management has raised the fiscal year 2026 guidance, expecting revenue growth in the low to mid-single digits, with operating margin improvements [3] Revenue and Profitability - Total revenue for the fiscal year ending March 28 is projected to grow from $6,631 million in FY24 to $8,367 million in FY28, reflecting a compound annual growth rate of approximately 5% [4] - Net profit is expected to increase from $646 million in FY24 to $1,041 million in FY28, with earnings per share rising from $9.71 to $17.70 over the same period [4] - The diluted earnings per share for the latest quarter increased by 35% year-on-year to $3.52, with an adjusted growth of 40% to $3.77 [3] Regional Performance - North America revenue grew by 8% to $656 million, with direct same-store sales increasing by 12% [3] - European revenue rose by 16% to $555 million, with direct same-store sales up by 10% [3] - Asian revenue increased by 21% to $474 million, with China showing over 30% growth and direct same-store sales up by 18% [3] Market Position - The company maintains a competitive edge through brand differentiation and the strength of its core product categories, which are expected to continue driving high-quality growth [2][3]