Lyon: Raise the target price of Lansi Technology (06613) to HK$30.7 to maintain a “outperforming the market” rating

The Zhitong Finance App learned that Lyon released a research report saying that the profit of Lansi Technology (06613) for the second quarter of 2026 increased 2% year-on-year to 726 million yuan. The company believes that the development and launch of new products for major customers is progressing smoothly. The server rack and liquid cooling equipment at its Songshan Lake plant are being reviewed by customers. The company's automotive glass product climbing progress is still progressing according to plan, and the gross margin of the automobile business should pick up as the Mexican plant stops operating. According to the report, due to the low revenue of the Android smartphone business, Lansi Technology's 2026/2027/2028 profit forecast was lowered by 12%/7%/6% to 4.2 billion yuan/6.2 billion yuan/7.8 billion yuan, respectively. As the contribution of the new growth engine increased, the target price was raised from HK$24 to HK$30.7, and the “outperforming the market” rating was maintained.