According to the research report published by Credit Suisse, the adjusted revenue and net profit of Weimeng group in the first half of this year were 1.05 billion yuan and 52 million yuan respectively, up 59.9% and 77.4% year-on-year, which were 3.1% and 99.6% higher than the above indicators expected by Credit Suisse. Revenue is generally in line with expectations, while net profit exceeds Credit Suisse’s expectation. The growth of net profit is mainly due to the decrease of operating expenses and reasonable optimization of operating leverage. At present, Credit Suisse has raised the target price of Weimeng shares from HK $13.4 to HK $14.1, maintaining its rating of “outperforming the market”. It has also raised the company’s forecast of earnings per share from this year to 2022 by 93%, 17% and 6%, respectively, to reflect the growth of SaaS business (over 40%), the steady growth of net income in the target market and the favorable factors of reasonable optimization of operating costs and expenses.