Lyon: The target price for Youzhong Innovation Navigat (03931.HK) is 27 Hong Kong dollars. The rating is "outperforming the market."

According to the intelligence finance and economics APP, Lyon released a research report saying that based on the second quarter performance of Guoxuan High-Tech (002074.SZ) and Zhong Chuangxinhang (03931.HK), both Chinese second-tier battery manufacturers have shown positive growth in the past quarter. Both companies' battery shipments have increased year-on-year, and the gross profit margin expansion of Zhong Chuangxinhang is particularly surprising. The bank pointed out that Zhong Chuangxinhang's second-quarter net profit increased by 195% year-on-year to 236 million RMB, with revenue increasing by 25% year-on-year. This drove the first half net profit to reach 466 million RMB, an 87% increase year-on-year, reaching 33% of the full-year forecast. The bank gave it a target price of 27 Hong Kong dollars and a rating of outperforming the market.