Cinda securities released the Research Report of Marssenger Kitchenware Co.Ltd(300894) ( Marssenger Kitchenware Co.Ltd(300894) .sz, latest price: 31.46 yuan) on April 25. Key points include: 1) Q1 performance meets expectations and offline channels are expanded rapidly; 2) The gross profit margin declined and the net profit margin increased slightly; 3) The future revenue growth potential is good and the operation efficiency is improved. Risk tips: the price of raw materials continues to rise, the competition in the integrated stove industry intensifies, the policy changes in the downstream real estate industry, the company’s new product launch is less than expected, the company’s channel development is less than expected, and the epidemic situation in China is repeated.
AI comments: Marssenger Kitchenware Co.Ltd(300894) in the past month, it has received 16 research reports from securities companies, including 11 purchases and 2 holdings. The average target price is 45.48 yuan, 14.02 yuan higher than the latest price of 31.46 yuan, and the average target price increases by 44.56%.
