Guohai Securities maintains the buy rating of Xingfa Group. Comments on Xingfa Group’s 2021 Annual Report: Significantly Enhanced Profitability, Accelerate the Landing of New Energy Projects_Oriental Fortune Network

　　Guohai SecuritiesPosted on March 22Research reportsay, maintainHing Fat Group(600141.SH, latest price: 34.23 yuan) Buy rating.The reasons for the rating mainly include: 1) The main products have ushered in the boom cycle, and the profitability has been significantly enhanced; 2) The project construction has achieved remarkable results, adding a strong impetus to the transformation and development; 3) Extending the new energy industry chain and strengthening the silicone industry cluster; 4) Review Throughout the year, the company has achieved outstanding achievements in five aspects; 5) The project construction has achieved remarkable results, and a number of key projects have been started or completed and put into production one after another, adding strong impetus to the transformation and development; The system construction has been significantly improved, and traditional chemical enterprises have accelerated their transformation to modern technology-based enterprises; 7) Great progress has been made in external cooperation, and through various forms such as school-enterprise cooperation, industrial chain investment, etc., embrace partners with an open attitude and jointly seek great industrial development; 8) Seize the new opportunities of capital market reform, optimize investment and financing structure, improve capital operation capabilities, and empower high-quality development; 9) Continuously improve the level of management innovation, take the construction of corporate governance system and governance capacity as the starting point, and accelerate the spirit of construction A modern enterprise management system with organically unified culture, institutional culture, behavioral culture, and material culture; 10) In 2022, the company strives to achieveOperating income28 billion yuan, mainly to do the following five aspects of work; 11) to further promote the quality and efficiency of production and operation; 12) to focus on promoting continuous breakthroughs in innovation capabilities. Risk reminder: production capacity is less than expected; risk of raw material price fluctuations; future demand decline; new project progress is less than expected; risk of product price fluctuations.

AI comments:Hing Fat Group4 copies in the past monthbrokerageAccording to the research report, 3 companies were bought, and the average target price was 42.5 yuan, which was 8.27 yuan higher than the latest price of 34.23 yuan, and the average target price increased by 24.16%.

(Article source: Daily Economic News)

Article source: Daily Economic News

Responsible editor: 91

Original title: Guohai Securities maintains Xingfa Group’s buy rating, Xingfa Group’s 2021 annual report comment: Profitability has been significantly enhanced, and new energy projects will be accelerated