Anxin securities maintained Jason Furniture (Hangzhou) Co.Ltd(603816) buy rating: the integration of large household categories accelerated, and the performance of domestic and foreign Co drive continued to grow

Anxin securities released a research report on April 24, saying that it maintained the buying rating of Jason Furniture (Hangzhou) Co.Ltd(603816) ( Jason Furniture (Hangzhou) Co.Ltd(603816) .sh, latest price: 59.56 yuan). The reasons for rating mainly include: 1) high potential core categories maintain high growth, and the coordinated growth of domestic and foreign sales can be expected; 2) The diversified store mode has been continuously upgraded, and the construction of refined channels has been steadily promoted; 3) The overall profitability is stable, and the performance of expense control is good. Risk warning: the development of new categories and new channels is not as good as expected; Price fluctuation risk of raw materials; Downside risk of real estate sales; Industry competition intensifies risks, etc.

AI comments: Jason Furniture (Hangzhou) Co.Ltd(603816) in the past month, it has received 15 research reports from securities companies and bought 13.

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