7 November 2025 | 7:55AM HKT Equity Research Shenzhen Kstar Science & Tech (002518.SZ) Raise TP to Rmb55.4 on positive read-across from SolarEdge's 3Q25 earnings, new UPS launch, and strong overseas (North American) AIDC power systems outlook; reiterate Buy 002518.SZ 12m Price Target: Rmb55.40 Price: Rmb48.73 Upside: 13.7% We raise our 12m TP to Rmb55.4 (vs. previously Rmb48.5) on multiple positive business developments recently, including (1) positive read-across from SolarEdge 3Q25 earnings on European ES ...