---
title: "\"Banks\" Bank of America Securities initiates coverage on JOYSON ELECTRONICS with a \"Buy\" rating and a target price of 21.4 yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281988995.md"
description: "Bank of America Securities has initiated a \"Buy\" rating on JOYSON ELECTRONICS, with a target price of 21.4 yuan. The report noted that JOYSON ELECTRONICS' revenue last quarter grew by 4% year-on-year, with gross margin slightly below expectations, operating profit surged by 154%, and net profit was slightly below initial forecasts. The firm has lowered its earnings per share estimates for 2026 and 2027 to reflect the latest performance and management guidance"
datetime: "2026-04-08T06:52:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281988995.md)
  - [en](https://longbridge.com/en/news/281988995.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281988995.md)
---

# "Banks" Bank of America Securities initiates coverage on JOYSON ELECTRONICS with a "Buy" rating and a target price of 21.4 yuan

Bank of America Securities published a research report indicating that JOYSON ELECTRONICS (00699.HK) had a year-on-year revenue growth of 4% last quarter; the gross profit margin increased by 0.2 percentage points year-on-year to 18.3%, slightly lower than the forecast of 18.5%; operating profit was RMB 833 million, a year-on-year increase of 154%; net profit was RMB 216 million, slightly below the company's preliminary forecast of RMB 230 million.

The bank lowered its earnings per share estimates for JOYSON ELECTRONICS for 2026 and 2027 by 3% and 9%, respectively, to reflect the latest performance and management's guidance on sales and gross profit margin. The bank initiated a "Buy" rating for JOYSON ELECTRONICS H shares with a target price of RMB 21.4, based on a comprehensive valuation approach

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