GLONGHUI, September 12 | Goldman Sachs released a report stating that it remains optimistic about Ruisheng Technology and looks forward to its continued recovery. Based on a price-earnings ratio of 21.4 times in 2025, the target price is HK$42.1, maintaining a “buy” rating. According to the report, Ruisheng Technology currently provides hinges for Honor folding phones, and it is expected that with the launch of more new models, the Group expects to penetrate more brand customers in 2025. In terms of cooling solutions, Ruisheng Technology has provided copper and stainless steel VC (heat equalization plates) for Xiaomi Ultra13 and OnePlus Ace2, and has penetrated overseas customers. Management remains positive about revenue growth and improved profit margins in the second half of 2024, thanks to upgraded specifications for mid- to high-end smartphone lenses, hinges, and tactile sensors. As for 2025, management expects the trend of smartphone content upgrades to continue, and the acquisition of PSS will bring synergetic benefits to the automotive acoustics business.
大行评级｜高盛：维持瑞声科技“买入”评级 对其保持乐观态度并期待持续复苏
Goldman Sachs: Maintains a buy rating on aac tech, remains optimistic and expects continued recovery.
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