Changes in Hong Kong stocks | Changguang Chenxin (03277) rebounded more than 6%. Net profit returned to mother in the first half of the year increased nearly 200% year-on-year. The industrial imaging scenario is the core growth driver

The Zhitong Finance App learned that Changguang Chenxin (03277) opened low and went high today. The stock fluctuated and declined since it was incorporated into the Hong Kong Stock Connect on September 7, with a cumulative decline of 16%. It once again fell close to 7% this morning, falling below a two-week low. As of press release, it rose 6.11% to HK$81.55, with a turnover of HK$168 million.

According to news, in the first half of this year, Changguang Chenxin achieved revenue of 641 million yuan, a year-on-year increase of 78.4%, and net profit to mother of about 250 million yuan, an increase of 197% over the previous year. Among them, industrial imaging revenue was about 530 million yuan, an increase of 101.7% over the previous year, accounting for 82.8% of total revenue, mainly driven by the increase in demand for high-end industrial inspection and lithium battery and PCB inspection. Furthermore, the company was incorporated into the Hong Kong Stock Connect on September 7, which is expected to increase liquidity and bring opportunities for valuation revaluation.

Guosheng Securities believes that, relying on technological innovation and domestic substitution, Changguang Chenxin is expected to continue to break through in various fields such as industrial imaging and consolidate its competitive advantage. Everbright Securities pointed out that as a non-consumer-grade CIS leader in the Hong Kong stock market, the company has certain target scarcity and technical premium space. First “buy” rating.