Guotai Junan Securities: First Coverage of China Nuclear Energy Technology (00068.HK) with "Buy" Rating, Target Price of 24.90 Hong Kong Dollars

Wisdom Financial APP learned that Guotai Haitong Securities released a research report stating that it is expected that Qunhe Technology (00068.HK) will achieve operating income of 9.46/11.09/13.13 billion yuan in 2026/2027/2028, with a year-on-year growth of 15.3%/17.3%/18.4%; net profit attributable to shareholders will be 1.04/1.88/3.06 billion yuan, with a year-on-year growth of 124.3%/80.4%/62.8%; and EPS will be 0.06/0.11/0.18 yuan. The company is valued at 40 times PS in 2026, with a corresponding market value of 42.978 billion Hong Kong dollars, giving a target price of 24.90 Hong Kong dollars and initiating coverage with a "buy" rating.