The research report released on January 28 said that it maintained the buy rating of Guangdong Lyric Robot Automation Co.Ltd(688499) (688499. SH). The reasons for the rating mainly include: 1) the orders of lithium battery equipment increased rapidly and were delivered and confirmed in 2021, and the performance was in line with expectations; 2) In 2021, the newly signed power lithium battery order was 5 billion yuan; It plans to issue 950 million yuan of convertible bonds to expand production; 3) After issuing the equity incentive plan, the company expects that the compound growth rate of net profit in the next three years is expected to reach 79%; 4) Actively expand the process equipment of the whole lithium battery industry chain and fully blossom the power lithium battery equipment business; 5) Strong R & D capability, significant advantages in large-scale delivery and effective global layout. Risk tip: the order expansion of power lithium battery equipment is lower than expected; The sales volume of new energy vehicles was lower than expected.
AI comments: Guangdong Lyric Robot Automation Co.Ltd(688499) got two research reports from securities companies in recent month and bought one.
