Zhitong Financial APP learned that China Banking International released a research report that reaffirmed the "buy" rating of BOE Jingdian (00710), with a target price of HK $26.01. The company's revenue / net profit in the first half of 2022 increased by 51% and 164% compared with the same period last year, mainly driven by the strong demand for on-board display modules, the commissioning of new capacity and the increase in the average unit price of on-board display products. The net interest rate rose 2.2 percentage points in the first half of the year from the previous year, reflecting operating leverage and economies of scale.

According to the report, looking ahead, the company's management remains optimistic about the outlook for in-vehicle display business and expects strong customer order demand, mainly due to: 1) mass production of high-end display products for traditional and new energy vehicle customers in China and overseas; 2) system-level products (mainly for the Chinese market) will contribute revenue in 2023; and 3) stable industry demand and increase in average unit price of products.