Haopeng Technology released preliminary Q3 results showing revenue of RMB 1.969-2.087 billion (up 20.89%-28.13% YoY) and net profit attributable to shareholders of RMB 110-118 million (up 40.17%-50.57% YoY). The broker notes the beat and highlights progress in AI edge and AIDC battery businesses.
Haopeng Tech's Q3 beat and AI/AIDC battery initiatives support a bullish outlook, with the broker expecting strong growth and reasonable valuations.
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