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]