Boc International (China) Co.Ltd(601696) maintain Hengdian Group Tospo Lighting Co.Ltd(603303) shareholding increase rating: high overseas revenue and steady development of vehicle business

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.

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