Zhongyuan Securities released a research report on April 9 stating that it gave Xintian Technology (300259.SZ) an increase in holdings rating. The main reasons for the rating include: 1) industry demand is stable, and smart water, heat and other businesses are growing rapidly; 2) profitability is relatively stable, gross margin of water meters has declined slightly, and gross margin of industrial and commercial flowmeters and gas meters has risen markedly; 3) the digital economy promotes intelligent upgrading of water meters, gas meters, etc., and demand is growing steadily and sustainably; 4) the State Council is promoting large-scale equipment upgrades, which is expected to drive a new round of old replacement demand for residents, industrial and commercial water meters and gas meters. (Mainichi Keizai Shimbun)