Tianfeng SecuritiesPosted on March 2ndResearch reportsay, maintainPower Diamond(301071.SZ) Buy rating.The reasons for the rating mainly include: 1) Income side: the company realizesOperating income498 million yuan, an increase of 103.50% year-on-year, mainly due to the company’s active expansion of production capacity in 2021, driven by the strong downstream market demand, and the rapid development; 2) Grossinterest rate: The company’s 2021 grossinterest rateIt was 64.07%, a year-on-year increase of 20.69pct, mainly due to the substantial increase in gross profit margin brought about by the increase in product prices; 3) Expense side: the company’s expense ratio during 2021 was 10.00%, a year-on-year decrease of 0.21pct; 4) Profit side: the company’s 2021 realization return to mothernet profit 240 million yuan, a year-on-year increase of 228.17%, and the net profit rate attributable to the parent was 48.07%, a year-on-year increase of 18.26pct; 5) Supply side: The prosperity of cultivated diamonds will not decrease, and the company’s production capacity is expected to continue to break through in 22 years. Risk warning: market competition risk, technology update risk, the risk that the fundraising project cannot achieve the expected benefits, and the risk of product market price decline.
AI comments:Power Diamond8 copies in the past monthbrokerageThe research report pays attention and buys 7 companies.
(Article source: Daily Economic News)
Article source: Daily Economic News
Responsible editor: 33
Original title: Tianfeng Securities maintains the Power Diamond Buy rating: in 2021, the net profit attributable to the parent will be 240 million, an increase of 228%, and the strong R&D capacity will be superimposed on the release of production capacity to seize the industry opportunity period to achieve high performance growth
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