Kaiyuan securities released a research report on March 10, saying that it maintained the Jason Furniture (Hangzhou) Co.Ltd(603816) buy rating. The reasons for rating mainly include: 1) overall improvement of core competitiveness: retail management ability + improvement of supply chain efficiency, and moving forward to the integration of large household; 2) Analogy with white electricity: the core advantage of software leader construction is category, brand expansion and channel reform to improve efficiency; 3) Comparison with Anta: DTC transformed and reconstructed the human and freight yard, and channels, products and brands worked together to improve business efficiency. Risk tip: the recovery of demand in the household industry is less than expected, raw materials rise sharply, and the exchange rate fluctuates sharply.
AI comments: Jason Furniture (Hangzhou) Co.Ltd(603816) in the past month, it has received attention from 4 research reports of securities companies and bought 4.
