On August 28, LENS rose 3.1% in regular trading, trading at HK$25.32/share, with turnover of HK$81.48 million.

On the news front, the Hong Kong Stock Exchange disclosed that JPMorgan Chase increased its long position in LENS H-shares from 4.54% to 5.19% on August 24, crossing the reportable threshold. Concurrently, multiple international investment banks raised their target prices: CLSA lifted its target to HK$30.7 maintaining an Outperform rating, Jefferies significantly raised its target from HK$19 to HK$28 with a Buy rating, and Bank of America Securities raised its target to HK$27 reiterating Buy, citing robust core business expansion and diversification.

On the fundamental side, the company reported Q2 net profit of RMB 726 million, achieving a sequential turnaround from loss to profit, with gross margin improving to 18.2%, up 2.47 percentage points year-over-year. Management indicated that the second half will see order ramp-ups in next-generation AI server structural components, high-efficiency liquid cooling systems, and other key areas.

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