Shengang Securities gives Yongjin shares a buy rating: steady release of profits and accelerated expansion of production capacity – yqqlm

ShengangsecuritiesPosted on January 18thResearch reportsay, giveYongjin shares(603995.SH, latest price: 58.01 yuan) Buy rating. The reasons for the rating mainly include: 1) Steady business progress in the fourth quarter; 2) Firmly optimistic about Yongjin: We continue to be optimistic about the stainless steel processing track, especially the leading precision cold-rolled sheet with high growth, broad market space and improved product structure; 3) Stainless steel The processing industry is in the pattern of “high-end manufacturing + rapid development”; 4) It attaches great importance to the company’s rapid growth characteristics and the resulting valuation premium; 5) The market space for stainless steel cold rolling processing is broad; 6) The proportion of high gross profit products further improvement. Risk warning: The price of upstream stainless steel raw materials has changed, and the rapid increase in production capacity has led to an unexpected increase in costs, and the demand for stainless steel sheets is lower than expected.

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(Article source: Daily Economic News)

Article source: Daily Economic News

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Original title: Shengang Securities gave Yongjin shares a buy rating: steady release of profit and accelerated expansion of production capacity