Western Securities: Maintains a "buy" rating on China Hongqiao (01378.HK), with significantly better-than-expected performance in the first half of 2025.

According to the Wisdom Financial APP, Western Securities released a research report stating that China Hongqiao (01378.HK) announced its 2025 interim report, with revenue of 81.039 billion yuan, a year-on-year increase of 10.12%; net profit attributable to shareholders was 12.361 billion yuan, a year-on-year increase of 35.02%, significantly exceeding market expectations; and the company plans to buy back shares worth not less than 3 billion Hong Kong dollars. The bank predicts that the company's EPS for 2025-2027 will be 2.32, 2.51, and 2.64 yuan respectively, with PEs of 9, 9, and 8 times, and maintains a "buy" rating.