23 August 2025 | 6:09PM HKT Sinocera Functional Material (300285.SZ): Revising estimates and TP post 2Q25 results; maintain Buy Post 2Q25 results (see our first take), we raise our 2025E-27E EPS estimates by 0-5%, mainly to reflect strengthened outlook for electronic materials on the back of Sinocera's breakthrough in auto-grade/AI-server-used MLCCs (see our NDR takeaways) and faster-than-expected ramp-up in electronic paste business, partially offset by weaker-than-expected bio-medical materials. With medi ...