Changes in Hong Kong stocks | Ruisheng Technology (02018) rose more than 5% in early trading, and revenue in the first half of the year reached a record high. Revenue from the cooling business increased 4 times year on year

The Zhitong Finance App learned that Ruisheng Technology (02018) rose more than 5% in early trading. As of press release, it had risen 4.88% to HK$43, with a turnover of HK$110 million.

According to the news, Ruisheng Technology announced its results. In the first half of the year, it achieved revenue of 14.51 billion yuan, an increase of 8.9% over the previous year, and a record high of revenue; net profit of 901 million yuan, an increase of 2.9% over the previous year. Excluding other gains and losses related to fair value gains and losses, net profit for the period increased 37.4% year over year. Notably, benefiting from the continued release of high-performance innovative thermostats, the cooling business revenue was about 1.1 billion yuan, an increase of about 400% over the previous year.

Huatai Securities released a research report saying that looking ahead to 2027, management expects a total revenue of about 8 billion to 9 billion yuan from new directions such as high-end cooling, AI wearables, liquid cooling, gimbal, robotics, XR and WLG optical communications. At the same time, the company is promoting traditional business restructuring such as acoustics and electromagnetic transmission to improve R&D efficiency and reduce management costs. We are optimistic about the company's long-term development in the field of AI terminals and data centers, maintaining a target price of HK$60 and a “buy” rating.