Soochow Securities gives Huichuan a buy rating: the rapid growth of industrial control and new energy vehicle businesses is under pressure on the cost and expense side – yqqlm

　　Soochow SecuritiesPosted on April 17thResearch reportsay, giveInovance Technology(300124.SZ, latest price: 52.6 yuan) Buy rating, target price of 76.0 yuan.The reasons for the rating mainly include: 1) 2022Q1 revenue +35-45% year-on-year, return to parentnet profitYear-on-year +5-15%,performanceBasically in line with our expectations; 2) grossinterest rateThe profit margin is expected to recover throughout the year; 3) General Automation: The company seizes the structural opportunities in the advanced manufacturing sector, and continues to increase its sales share by “topping down”, and import substitution continues to accelerate; 4) New energy vehicles : In 2021, new power customers will continue to increase volume + new customer projects will continue to be fixed + ASP will increase, and it is expected to be profitable in 2022; 5) Elevator: maintain steady growth. Risk warning: The downstream demand is not up to expectations, the expansion of new energy vehicle customers is not as expected, and the competition is intensified.

AI comments:Inovance Technology2 copies in the past monthbrokerageThe research report is concerned, buying 1 company and increasing the holding of 1 company. The average target price is 70.55 yuan, which is 17.95 yuan higher than the latest price of 52.6 yuan, and the average target price increases by 34.13%.

(Article source: Daily Economic News)

Article source: Daily Economic News

Responsible editor: 33

Original title: Soochow Securities gave Inovance a buy rating: Industrial control and new energy vehicle businesses are growing rapidly, and costs and expenses are under pressure