CICC Securities: Maintains a "strong buy" rating on Lexin Technology (01729) with first half performance significantly exceeding expectations.

According to the Wisdom Financial APP, CMB Securities released a research report stating that it maintains a "strongly recommended" rating for Huiju Technology (01729). Considering the H1 performance greatly exceeded expectations, the high prosperity of the data center and server market demand, and Lenny's profitability better than expected, the bank raised the total revenue for the years 2026/2027/2028 to HK$21 billion, HK$31.8 billion, and HK$46.6 billion, respectively, with net profits of HK$18.5 billion, HK$28.1 billion, and HK$40.7 billion, corresponding to PEs of 16.8/11.1/7.6 times. The bank continues to be optimistic about the high-speed growth of AI computing power business and the second and third stage growth curve of the automotive and medical businesses. The current low value is highlighted, and there is considerable room for upward movement.