Citi released a research report saying that Lanqi Technology's preliminary results guidance for the third quarter far exceeded expectations. The company expects revenue to reach RMB 2.08 billion for the third quarter, up 46% year on year and 11% month on month, higher than market expectations and 3% and 6% respectively; net profit is expected to be RMB 1.2 billion to 1.3 billion yuan, up about 154% to 175% year on year, higher than market expectations and 34% of the bank's forecast. The bank reiterated the “buy” rating and gave Lanqi Technology a target price of RMB 320 for A-shares and HK$425 for H-shares.

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