sprpoker| Bili Bili's first-quarter revenue exceeded expectations, and CICC raised its target price: Non-GAAP net loss narrowed, and its 2025 net profit forecast was raised by 4.6% to 2.156 billion yuan

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CICC report is optimisticsprpoker, raised its expected profit for 2025, with a target price of HK$130 for Hong Kong stocks and US$17 for U.S. stocks.

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CICC report points to steady growth in revenue in the first quarter

The latest report released by analysts at China International Capital Corporation pointed out that the total revenue of Bili Bili in the first quarter of 2023 reached 56.sprpoker.65 billion yuan, a year-on-year increase of 11.sprpoker.7%, which is in line with market expectations. The report also mentioned that although there was a Non-GAAP net loss of 440 million yuan, the loss was better than market expectations, mainly due to the company's significant results in cost control, management and R & D expenses.

CICC analysts further analyzed Bilibili's game business and raised their 2025 Non-GAAP net profit forecast by 4.6%, and expected net profit to increase to 2.156 billion yuan. In addition, the report pointed out that the current trading prices of Hong Kong stocks and U.S. stocks are 1.7 times and 1.5 times the expected price-to-sales ratios in 2024 and 2025 respectively, and analysts give them an "outperform industry" rating.

Taking into account the adjustment of earnings forecasts and the upward shift of the industry's valuation center, CICC has increased its target price for Bilibili H shares by 28.7%, with an expected target price of HK$130.sprpoker; For U.S. stocks, the target price has been raised by 30.8%, and the expected target price is $17.