Boc International (China) Co.Ltd(601696) 03 released the Research Report on March 13, maintaining the overweight rating of Hengdian Group Tospo Lighting Co.Ltd(603303) ( Hengdian Group Tospo Lighting Co.Ltd(603303) .sh, latest price: 14.09 yuan). The reasons for rating mainly include: 1) the export of LED lighting products has increased greatly, and the company’s overall revenue is in line with expectations, including the stable growth of vehicle business; 2) The gross profit margin declined due to the impact of raw materials. Risk tip: the rising cost of raw materials, the development of epidemic situation and the sharp intensification of industry competition.
AI comments: Hengdian Group Tospo Lighting Co.Ltd(603303) in the past month, it has received three research reports from securities companies, including one purchase and two additional holdings.
