GO
| HSI1 | 25,238.22 | -72.99 | 144.32B |
| HSCEI1 | 8,395.01 | -55.09 | 40.78B |
| Back Zoom + Zoom - Block Traded | |
|
2026-09-03 11:55:44 CMBI published a research report stating that INNOSCIENCE (02577.HK)'s revenue for 1H26 rose 50.6% YoY to RMB834 million, below market expectations. Gross margin improved to 11.6% during the period, from 6.8% in the same period last year and 7.7% in 2H25, mainly benefiting from higher capacity utilization, product upgrades and optimized product mix, while operating cash flow also turned positive. Revenue from high value-added applications increased 70% YoY to RMB532 million, accounting for 64% of total revenue, up from about 57% in the same period last year. The broker expected 2H26 revenue to remain higher than 1H26 due to seasonal factors. The broker expected INNOSCIENCE's short-term growth to continue to be driven by industrial and energy storage businesses, while the medium-term earnings contribution from AIDC will become more significant after completion of product certification and ramp-up of customer projects. The broker lowered its revenue forecast for this year by 0.1% and raised next year's forecast by 18.2%, while lowering gross margin forecasts by 7 ppts and 1.9 ppts respectively, reflecting ASP trends and management's strategy of prioritizing market share gains. It maintained a Buy rating and slightly lowered the TP from HKD75 to HKD74.2. (gc/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |