After AI express, Cinda securities released Guangdong Xinbao Electrical Appliances Holdings Co.Ltd(002705) ( Guangdong Xinbao Electrical Appliances Holdings Co.Ltd(002705) .sz, latest price: 16.49 yuan) Research Report on May 4. The key points include: 1) steady growth of export OEM business and rapid growth of new categories such as household appliances; 2) The gross profit margin is under pressure in the short term, and the financial rate is greatly reduced; 3) Net operating cash flow decreased year-on-year, and inventory preparation was strengthened; 4) Q1 export performance is bright, and profitability is expected to continue to pick up. Risk tips: rising raw material prices, declining international market demand, less than expected Chinese market development, exchange rate fluctuations, intensified industry competition and other risks.
AI comments: Guangdong Xinbao Electrical Appliances Holdings Co.Ltd(002705) in the past month, it has received 12 research reports from securities companies, bought 9 and increased its holdings of 2. The average target price is 19.63 yuan, which is 3.14 yuan higher than the latest price of 16.49 yuan, and the average target price increases by 19.07%.
