China Securities: Chizi City Technology's Mid-to-short Term Product Growth Shows Strong Resilience, Initiating Rating "Outperform"

SadMoneyMeow · 2026-03-12T17:32:01+00:00

Guoxin Securities believes that Chizi City Technology has strong growth potential, with a target price of HK$12.6 to HK$13.6 and an initial rating of "Outperform the Market." The company is deeply engaged in emerging markets such as the Middle East and North Africa, with a diverse product portfolio. It is expected that future revenue and profit will grow significantly. We recommend monitoring its product performance and market competition.

SadMoneyMeow

2026-03-12 17:32:01

Abstract generation in progress

Guoxin Securities released a research report stating that considering Chizi City Technology’s (09911) core market remains in the blue ocean stage, with a rich product matrix in the medium and short term that provides strong growth resilience, and with performance growth significantly higher than the industry average, it has set a target price of HKD 12.6 to 13.6, with an initial rating of “Outperform the Market.”

Thanks to its deep layout with over 20 localized operation centers, Chizi City Technology has formed a unique shrubbery product matrix, serving over 1 billion users in more than 150 countries and regions worldwide. Its core is in the Middle East and North Africa, radiating globally. The company’s business is divided into two main segments: core social business and innovative business.

The bank states that the company is expanding into emerging industries in regions like the Middle East, North Africa, and Southeast Asia, such as vertical social networking, multi-faceted social platforms, casual games, and short dramas. It has successfully replicated multiple products using the shrubbery product model, demonstrating strong resilience in the short and medium term. Additionally, innovative businesses like gaming and short dramas are expected to enter the performance realization phase. The company’s diverse product portfolio offers explosive growth potential but also carries competitive risks. It is recommended to continue monitoring product growth in emerging regions.

Guoxin Securities forecasts the company’s revenue for 2025 to 2027 to be RMB 6.9 billion, RMB 8.7 billion, and RMB 10 billion respectively, with year-on-year growth of 36%, 26%, and 14%, and an average annual compound growth rate of 25%. Net profit attributable to shareholders is expected to be RMB 950 million, RMB 1.3 billion, and RMB 1.6 billion, respectively, with year-on-year increases of 99%, 36%, and 23%.

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