Ruisheng Technology (02018) rose more than 3%. As of press release, it was up 3.09% to HK$30, with a turnover of HK$48.3004 million.
The Zhitong Finance App learned that Ruisheng Technology (02018) rose more than 3%. As of press release, it had risen 3.09% to HK$30, with a turnover of HK$48.3004 million.
According to the news, Goldman Sachs Research reports 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 (OnePlus) Ace2, and has penetrated overseas customers.
Furthermore, thanks to the upgraded specifications of mid- to high-end smartphone lenses, hinges, and tactile sensors, management still has a positive view of revenue growth and profit margin improvement in the second half of 2024. 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.