CICC: Initiates Coverage of WeDoctor (06600) with Outperform Rating, Target Price of HK$140

According to the Wisdom Financial APP, Zhongjin released a research report stating that for the first time, it covered WOAN Robotics (06600) and gave it an outperform industry rating with a target price of HK$140.00. The target price is based on a 2026 P/S ratio of 18.4x, corresponding to a potential increase of 32%, while the current price corresponds to a 2026 P/S ratio of 14.0x. WOAN Robotics is a leading enterprise in household AI robots. The industry expects the company's revenue to reach HK$1.49 billion and HK$2.38 billion in 2026 and 2027, respectively, with year-on-year growth of 65.5% and 59.8%. The industry believes that WOAN Robotics is highly focused on smart home scenarios, with steadily improving profitability, enhanced investment in core technologies, data, and models.