Viewpoint News: On August 18, Hong Kong-listed Wen Yuan Zhi Xing rose 5.8%, driving Wen Yuan Zhi Xing (WRD.US) to rise another 3% in U.S. pre-market trading. On the news front, the company recently announced that its total revenue in the first half of the year reached RMB 346 million, a significant year-on-year increase of 73%.

Among these, the second quarter performance was particularly impressive: revenue was RMB 232 million, up 82% year over year, and up 103% quarter over quarter.

CICC Securities believes the company’s performance in the second quarter was outstanding, with a clear core growth logic; after Wen Yuan Zhi Xing’s earnings, BofA Securities maintained a “Buy” rating, but its target price remained unchanged at $10.7.

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