CICC published a research report stating that HTSC (06886) recorded a 31% year-on-year increase in revenue to RMB16.2 billion in the first half of the year, with net profit attributable to shareholders rising 42% year-on-year to RMB7.55 billion. For the second quarter alone, net profit attributable to shareholders increased 29% year-on-year to RMB3.9 billion, meeting expectations. The firm noted that considering the improving market sentiment and sustained high trading activity, it has raised the company's earnings forecasts to RMB16.7 billion for this year and RMB19.5 billion for next year respectively. The target price has been increased by 25% to HK$23.7, with an "outperform" rating maintained.