Furui: IMPRO PRECISION (01286) first-quarter revenue exceeds expectations, the company raised full-year sales guidance

Furui released a research report stating that IMPRO PRECISION (01286) achieved a first quarter revenue of 1.428 billion Hong Kong dollars, a year-on-year increase of 22.5%, exceeding the company's guidance for a full-year growth of 15%. During the period, revenue from the high horsepower engine business increased by 29% year-on-year to 302 million Hong Kong dollars, in line with previous guidance. The company has raised its full-year sales forecast for 2026 to a year-on-year growth of 15% to 20%. The bank now has a target price of 10.34 Hong Kong dollars and a "buy" rating. Meanwhile, the performance of the construction equipment and aerospace business was strong and exceeded expectations, with revenue increasing by 33% and 40% respectively. Other businesses in the diversified industrial sector and smaller businesses such as energy also showed strong momentum, with revenue increasing by 81.4% and 89.5% respectively.