Technology Aug 25, 2021 08:35 AM (GMT+8) · EqualOcean
Financial Associated Press, August 25 (Reuters) - CITIC Securities research report pointed out that in 21h1, Huichuan technology achieved an operating revenue of 8.274 billion yuan (+ 72.95% YoY), a net profit attributable to the parent company of 1.563 billion yuan (+ 101.81% YoY), and a net profit attributable to the parent company of 1.523 billion yuan (+ 117.01% YoY) after deducting non profits. Its profitability continued to improve, various businesses developed well, and continued to increase the capacity layout of core products, The company is given a reasonable valuation level of 60x PE in 2022. The target market value in 2022 is 250 billion yuan, corresponding to the target price of 96 yuan, maintaining the "buy" rating.

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