The research report released on January 29 said that it maintained the buy rating of Wanhua Chemical Group Co.Ltd(600309) (600309. SH). The reasons for rating mainly include: 1) according to incomplete statistics, calculated according to the average price of 2021, if all the existing planned projects of Wanhua Chemical Group Co.Ltd(600309) are put into operation as scheduled, it is expected that the new revenue will be 20.8 billion yuan in 2022, 56 billion yuan in 2023, and 1497 billion yuan after all the projects are put into operation; 2) The Wanhua Chemical Group Co.Ltd(600309) price spread index is in the historical quantile of 35.58%; 3) The output of refrigerators, freezers and cars in the downstream and the new construction of real estate improved month on month. Risk warning: economic downturn; The project construction is not as expected; The market fluctuates greatly; New products are not as expected; Environmental protection and safety production; Intensified competition in the same industry; Product prices fell sharply; The price of raw materials has risen sharply.
AI comments: Wanhua Chemical Group Co.Ltd(600309) has attracted the attention of 11 research reports of securities companies in recent month, and bought 11, with an average target price of 119.5 yuan.
