CITIC Construction Investment: Assigns "Buy" rating to Hundsun, innovative business welcomes development opportunities

CITIC Construction Investment Securities research report points out that Hundsun's profit performance demonstrates the company's operational resilience, with equity incentives anchoring long-term growth. In H1 2025, affected by the overall pressure on financial IT, the company's revenue slightly declined, while profits benefited from a significant year-on-year increase in non-recurring profits, showing impressive growth rates. Core products such as UF3.0 and O45 are making positive progress; Hundsun's core products assist Hong Kong clients in completing upgrades to their core transaction settlement systems, with innovative businesses welcoming development opportunities. As a leader in the capital IT market, the company is expected to core benefit from the accelerated promotion of financial innovation and digital finance. A "Buy" rating is given