On August 17, LINGYI ITECH rose 3.04% in regular trading, trading at HKD 6.605/share, with turnover of HKD 47.96 million.
On the news front, the company announced it will showcase robot-related products at the World Robot Conference to be held in Beijing from August 19 to 23, with the event proximity catalyzing market attention. Additionally, Citibank recently initiated coverage on the company with a Buy rating and an H-share target price of HKD 8.00, implying approximately 21% upside from the current price. Citi projects revenue and net profit CAGRs of 23% and 33% respectively for 2025-2028, driven by iOS product value uplift, liquid cooling subsidiary Readore contributions, expanding robotics business, and edge AI device increments.
The company previously disclosed partnerships with dozens of embodied intelligence enterprises, and its Beijing embodied intelligence super factory plans to achieve capacity of 10,000 units within the year. On the AIDC front, the company recently signed its AIDC business headquarters and mass production center in Suzhou Xiangcheng, completing a full product portfolio spanning server liquid cooling, server power supplies, and integrated rack solutions.
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