Kaiyuan securities released a research report on May 4, saying that it gave Shengyi Technology Co.Ltd(600183) ( Shengyi Technology Co.Ltd(600183) .sh, latest price: 16.68 yuan) a buy rating. The reasons for rating mainly include: 1) the price of the company’s 2022q1 traditional products has been lowered, and the upgrading of materials has continued to promote growth; 2) The weakening of downstream demand leads to the narrowing of profits, and the decline of FR-4 price is greater than that of raw material cost; 3) The company is expected to demonstrate business resilience and usher in a new era of domestic substitution for high-end materials. Risk tips: weak downstream demand, rising raw material prices, less than expected production projects and less than expected new product introduction.
AI comments: Shengyi Technology Co.Ltd(600183) has received one research report from securities companies in recent months and bought one.
