Wanlian securities maintained Beijing Easpring Material Technology Co.Ltd(300073) shareholding increase rating comment report: high nickel positive electrode gradually increased its volume, leading to brilliant performance

Wanlian securities issued a research report on March 11, saying that it maintained the overweight rating of Beijing Easpring Material Technology Co.Ltd(300073) ( Beijing Easpring Material Technology Co.Ltd(300073) .sz, latest price: 76.49 yuan). The reasons for rating mainly include: 1) Sanyuan high nickel maintains high prosperity and the production capacity maintains full production; 2) Continue R & D iterations and build leading barriers in multiple dimensions; 3) Capacity expansion was accelerated and European base projects were implemented. Risk tip: the price of upstream raw materials fluctuates, and the production progress of new capacity is less than expected.