According to a report published by Bank of America Securities, Mega Yi Innovation had strong performance in the first half of the year, with revenue of 11.6 billion yuan, up 179% year on year; adjusted net profit of 4.9 billion yuan, up 797% year on year, all in line with the company's profit forecast. Second-quarter revenue of 7.4 billion yuan, up 229% year on year; adjusted net profit of 3.5 billion yuan, up 983% year on year; gross margin increased 29.6 percentage points year on year to 66.6% year on year, benefiting from increases in DRAM and SLC NAND prices. Management expects that the prices of memory products and MCU will rise moderately, and gross margins of various businesses will gradually stabilize as upstream costs rise. Bank of America raised its 2026-2028 profit forecast by 15% to 31%, and the target price for A-shares was raised from 627 yuan to 663 yuan. The rating is “buy” based on 25 times the 12-month forecast price-earnings ratio.

According to a report published by Bank of America Securities, Mega Yi Innovation had strong performance in the first half of the year, with revenue of 11.6 billion yuan, up 179% year on year; adjusted net profit of 4.9 billion yuan, up 797% year on year, all in line with the company's profit forecast. Second-quarter revenue of 7.4 billion yuan, up 229% year on year; adjusted net profit of 3.5 billion yuan, up 983% year on year; gross margin increased 29.6 percentage points year on year to 66.6% year on year, benefiting from increases in DRAM and SLC NAND prices. Management expects that the prices of memory products and MCU will rise moderately, and gross margins of various businesses will gradually stabilize as upstream costs rise. Bank of America raised its 2026-2028 profit forecast by 15% to 31%, and the target price for A-shares was raised from 627 yuan to 663 yuan. The rating is “buy” based on 25 times the 12-month forecast price-earnings ratio.