Soochow Securities assigns an overweight rating to Kibing Group: Q4 earnings are under pressure to expand photovoltaic glass production and accelerate again – yqqlm

　　Soochow SecuritiesPosted on April 9thResearch reportsay, giveKibing Group(601636.SH, latest price: 13.48 yuan) Overweight rating.The reasons for the rating mainly include: 1) Events: the company disclosed the 2021 annual report; 2) The real estate capital chain dragged down the demand for architectural glass, and the Q4 single-quarter revenue and profit growth declined; 3) The expense side continued to increase with the company’s vigorous expansion; 4) Operation Net cash flow continued to grow at a high rate, bulk material reserves increased, and debt ratio remained stable; 5) Short-term social inventory has been at a relatively low level, follow-up attention to the improvement of terminal demand, and optimistic about the improvement of the long-term profit center of glass in the medium and long term; 6) Photovoltaic glass accelerates layout, new sector capacity release is expected to contributeperformanceIncrement. Risk warning: The risk of repeated macro policies, unexpected increase in industry supply, and sharp fluctuations in raw material prices. 105%91%77%63%49%35%21%7%-7%-21%.

AI comments:Kibing Group10 copies in the past monthbrokerageThe research report paid attention to 7 companies and increased their holdings in 2 companies. The average target price was 23.97 yuan, which was 10.49 yuan higher than the latest price of 13.48 yuan, and the average target price increased by 77.82%.

(Article source: Daily Economic News)

Article source: Daily Economic News

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Original title: Soochow Securities gave Kibing Group an overweight rating: Q4 earnings are under pressure, and photovoltaic glass production expansion will accelerate again