According to the research report released on December 31, Southwest Securities Co.Ltd(600369) first gave a buy rating of Jiangyin Hengrun Heavy Industries Co.Ltd(603985) (603985.sh, latest price: 53.42 yuan), and the target price was 68.25 yuan. The reasons for rating mainly include: 1) during the 14th Five Year Plan period, sea breeze entered a high growth period, the trend of large-scale fan is clear, and the competitive advantage of the company’s large-scale wind tower flange is prominent; 2) The localization process of fan bearings is accelerated, and Chinese manufacturers welcome the development opportunity; 3) The industrial chain extends to the wind power bearing and gearbox business, opens the second growth curve, and raises funds by fixed increase to provide financial guarantee for production expansion. Risk tip: the risk that the company’s production capacity fails to be put into operation on schedule; The risk that the price of raw materials continues to rise and the profitability of the company decreases; Risks of policy changes; Risk of exchange rate fluctuations.
AI comments: Jiangyin Hengrun Heavy Industries Co.Ltd(603985) obtained the attention of one Research Report of securities companies in recent month and bought one.
(Daily Economic News)
