Gelonghui, November 28 | Cinda Securities Research Report points out that Huayang Co., Ltd. (600348.SH) adheres to the main coal business. While strengthening, improving, refining, and refining its main coal business, it is actively cultivating new energy industries such as sodium-ion batteries, flywheel energy storage, and photovoltaics, gradually constructing an industrial pattern of integrated development of traditional energy and new energy to achieve sustainable enterprise development. The bank believes that as the leader in the domestic anthracite industry, Huayang Co., Ltd. has superior coal assets and strong cost control capabilities. Combined with endogenous growth in the company's production capacity and coal resource reserves, the company is operating steadily and has high potential for growth at the same time. At the same time, the company is currently undervalued, and is expected to usher in valuation restoration in the future. They are optimistic about the company's future increase in profitability driven by production growth, and give the company a “buy” rating.