Soochow Securities Co.Ltd(601555) gives Estun Automation Co.Ltd(002747) overweight rating 2021 annual report & Comments on the first quarter report of 2022: Q1 slightly exceeds the market expectation, and the domestic Siasun Robot&Automation Co.Ltd(300024) leader is expected to meet the profit turning point

Soochow Securities Co.Ltd(601555) 04 issued a research report on April 29, giving Estun Automation Co.Ltd(002747) ( Estun Automation Co.Ltd(002747) .sz, latest price: 14.83 yuan) an overweight rating. The reasons for rating mainly include: 1) seize the opportunity of new energy, and the performance of 2022q1 is slightly lower than the market expectation; 2) The gross profit margin of industrial Siasun Robot&Automation Co.Ltd(300024) business increased steadily, and the short-term profit of new areas was under pressure; 3) Continuous research and development, domestic industry Siasun Robot&Automation Co.Ltd(300024) leading position is stable. Risk tips: macroeconomic downturn risk, epidemic impact risk, raw material price fluctuation risk.

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