花旗:光迅科技_2025 年疲软业绩指引;估值过高;维持卖出评级
07 Jul 2025 06:51:32 ET │ 11 pages Accelink Technologies (002281.SZ) Soft 2Q25 Result Guidance; Stretched Valuation; Maintain Sell CITI'S TAKE Accelink reported their 1H25 earnings guidance and expect 1H25 net profit to grow 55%-95% YoY to Rmb323mn-Rmb407mn, implying 2Q25 earnings of Rmb173mn-Rmb257mn driven by strong optical transceiver demand and better product mix. We note the mid-point of the implied 2Q25 earnings guidance at Rmb215mn is slightly below our expectations, and considerably below market exp ...